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5 Written questions

5 Matching questions

  1. Savings Bond
  2. Prospectus
  3. Earned Income
  4. Tip
  5. Rent-to-Own
  1. a Earnings from employment, including commissions and tips.
  2. b A document representing a loan of more than one year to the U.S. government, to be repaid, with interest on a specified date.
  3. c An amount paid for a service beyond what's required, usually to express satisfaction; also known as a gratuity.
  4. d A legal document that provides detailed information about mutual funds, stocks, bonds, and other investments offered for sale, as required by the Securities and Exchange Commission.
  5. e A plan to buy a product with little or no down payment by renting it until the final payment is made, at which point the total paid far exceeds the product's purchase price.

5 Multiple choice questions

  1. An agreement with a financial institution that gives a borrower the use of money up to a specified limit for an indefinite time as long as repayment of the outstanding balance and finance charge proceeds on schedule; also known as revolving credit or a revolving line of credit. A credit card is an example.
  2. A set of moral principles or beliefs that govern an individual's actions.
  3. Stock ownership in a corporation.
  4. An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax credit and Tax exemption.)
  5. Earnings, such as interest from municipal bonds, that are free of certain taxes. (See Tax credit and Tax deduction.)

5 True/False questions

  1. EntrepreneurAn individual who conceives of, establishes, operates, and assumes the risks of a business.

          

  2. Finance ChargeThe total dollar amount paid for credit. Example: A $100 loan repaid with $9 interest plus a $1 service fee has a finance charge of $10.

          

  3. JobA legal declaration of a person's wishes for the disposition of his or her estate after death.

          

  4. Social Security1. A legal agreement that records a debt or equity obligation from a corporation, government, or other organization. Examples include stocks and bonds. 2. Collateral for a loan.

          

  5. Stored-Value CardPrepaid plastic card that allows purchases up to a set limit, at which point the card is discarded or, if "rechargeable," replenished from an account.

          

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