5 Written questions
5 Matching questions
- Savings Bond
- Earned Income
- a Earnings from employment, including commissions and tips.
- 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.
- c An amount paid for a service beyond what's required, usually to express satisfaction; also known as a gratuity.
- 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.
- 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
- 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.
- A set of moral principles or beliefs that govern an individual's actions.
- Stock ownership in a corporation.
- 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.)
- Earnings, such as interest from municipal bonds, that are free of certain taxes. (See Tax credit and Tax deduction.)
5 True/False questions
Entrepreneur → An individual who conceives of, establishes, operates, and assumes the risks of a business.
Finance Charge → The 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.
Job → A legal declaration of a person's wishes for the disposition of his or her estate after death.
Social Security → 1. 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.
Stored-Value Card → Prepaid plastic card that allows purchases up to a set limit, at which point the card is discarded or, if "rechargeable," replenished from an account.