5 Written questions
5 Matching questions
- Record keeping
- 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.
- b A strategy for reducing some types of risk by selecting a wide variety of investments.
- c Purchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.
- d Payment and benefits for work performed; also payment to injured or unemployed workers or their dependents.
- 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
- The dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.
- 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.
- Earnings from sources other than employment, including investment returns and royalties.
- Desired results from one's efforts to achieve personal economic satisfaction.
- A method of investing a fixed amount in the same type of investment at regular intervals, regardless of price.
5 True/False questions
Interest Income → Purchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.
Gross Pay → Wages or salary before deductions for taxes and other purposes.
Long-Term Care Insurance → Provides liability and property damage coverage under specific circumstances.
Title Loan → A high-cost, short-term loan that uses the borrower's automobile as collateral.
Debt → Federal Insurance Contributions Act. (See Social Security.)