5 Written questions
5 Matching questions
- Unearned Income
- Loan Shark
- a The assets and debts that a person leaves at death.
- b A written contract specifying the terms for the use of an asset and the legal responsibilities of both parties to the agreement, such as a landlord and tenant.
- c A person who lends money at an exorbitant rate of interest.
- d Compensation for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule—usually weekly, biweekly, or monthly. (See Salary.)
- e Earnings from sources other than employment, including investment returns and royalties.
5 Multiple choice questions
- A person who provides financial information and advice. Examples include employee benefits staff, bank and credit union employees, credit counselors, brokers, financial planners, accountants, insurance agents, and attorneys.
- Interest calculated periodically on loan principal or investment principal only, not on previously earned interest.
- The process of seeking information about products and services to find the best quality or utility at the best price.
- Protects from losses due to damage to the contents of a dwelling rather than the dwelling itself.
- Provides liability and property damage coverage under specific circumstances.
5 True/False questions
Capital Gain → A plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.
Complaint → Payment and benefits for work performed; also payment to injured or unemployed workers or their dependents.
Disability Insurance → Protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.
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.
Creditworthy → An official record of a borrower's credit history, including such information as the amount and type of credit used, outstanding balances, and any delinquencies, bankruptcies, or tax liens.