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5 Written questions

5 Matching questions

  1. Stored-Value Card
  2. Fraud
  3. Inflation
  4. Portfolio
  5. Financial Literacy
  1. a Intentional and illegal deception, misrepresentation, or concealment of information for monetary gain.
  2. b The ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.
  3. c 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.
  4. d A collection of securities—such as stocks, bonds, mutual funds, and real estate—that an individual investor owns.
  5. e An overall rise in the price of goods and services; the opposite of the less common deflation.

5 Multiple choice questions

  1. 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.
  2. Annual earnings on an investment expressed as a percentage of the amount invested; also known as yield. Example: A $3 annual dividend divided by $34 share cost = 0.088, an 8.8% rate of return.
  3. A person who lends money at an exorbitant rate of interest.
  4. A legal declaration of a person's wishes for the disposition of his or her estate after death.
  5. Income that results when the selling price of an asset is greater than the original purchase price.

5 True/False questions

  1. MedicaidFederal Insurance Contributions Act. (See Social Security.)

          

  2. Payroll DeductionAn amount an employer withholds from a paycheck. Mandatory deductions include various taxes. Voluntary deductions include loan payments, charitable contributions, and direct deposits into financial institution accounts.

          

  3. DividendsEarnings from corporate stock or credit union share accounts.

          

  4. SavingA measure of the likelihood of loss or the uncertainty of an investment's rate of return.

          

  5. IncomeMoney earned from investments and employment.