5 Written questions
5 Matching questions
- Debit Card
- Record keeping
- Title Loan
- a A plastic card that provides access to electronic funds transfer (EFT) from an automated teller machine (ATM) or a point-of-sale (POS) terminal.
- b 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.
- c A high-cost, short-term loan that uses the borrower's automobile as collateral.
- d 1. Cost of borrowing money. 2. Earnings from lending money.
- 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
- Intentional and illegal deception, misrepresentation, or concealment of information for monetary gain.
- An expression of dissatisfaction with a product or service, often in the form of a letter to the seller or manufacturer documenting the problem and stating the desired solution.
- Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums, and retirement savings.
- Earnings from sources other than employment, including investment returns and royalties.
- A risk management tool that protects an individual from specific financial losses under specific terms and premium payments, as described in a written policy document.
5 True/False questions
Finance Charge → Desired results from one's efforts to achieve personal economic satisfaction.
Social Security → Compensation for work, expressed as an annual sum and paid in prorated portions regularly— usually weekly, bi-weekly, or monthly. (See Wage.)
Disposable Income → Gross pay minus deductions for taxes.
Interest Income → Money that financial institutions, governments, or corporations pay for the use of investors' money.
Creditworthy → The presumption that a specific borrower has sufficient assets, income, and/or inclination to repay a loan.