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5 Written questions

5 Matching questions

  1. Compensation
  2. Record keeping
  3. Investing
  4. Medicare
  5. Diversification
  1. a A federal government program, financed by deductions from wages, that pays for certain health care expenses for older citizens. The Social Security Administration manages the program.
  2. b A strategy for reducing some types of risk by selecting a wide variety of investments.
  3. c Purchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.
  4. d Payment and benefits for work performed; also payment to injured or unemployed workers or their dependents.
  5. e The process of keeping an orderly account of a person's financial affairs, including income earned, taxes paid, household expenditures, loans, insurance policies, and legal documents.

5 Multiple choice questions

  1. The dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.
  2. The quality of an asset that permits it to be converted quickly into cash without loss of value. For example, a mutual fund is more liquid than real estate.
  3. Earnings from sources other than employment, including investment returns and royalties.
  4. Desired results from one's efforts to achieve personal economic satisfaction.
  5. A method of investing a fixed amount in the same type of investment at regular intervals, regardless of price.

5 True/False questions

  1. Interest IncomePurchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.

          

  2. Gross PayWages or salary before deductions for taxes and other purposes.

          

  3. Long-Term Care InsuranceProvides liability and property damage coverage under specific circumstances.

          

  4. Title LoanA high-cost, short-term loan that uses the borrower's automobile as collateral.

          

  5. DebtFederal Insurance Contributions Act. (See Social Security.)

          

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