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5 Written questions

5 Matching questions

  1. Savings Bond
  2. Capital Gain
  3. Entrepreneur
  4. Transfer Payment
  5. Cash Flow Statement
  1. a A summary of receipts and payments for a given period, helpful when preparing a budget; also known as an income and expense statement.
  2. b An individual who conceives of, establishes, operates, and assumes the risks of a business.
  3. c Income that results when the selling price of an asset is greater than the original purchase price.
  4. d Money that a government provides to citizens for reasons other than current employment or the delivery of goods or services in exchange. Examples include Social Security, veteran's benefits, and welfare.
  5. e A document representing a loan of more than one year to the U.S. government, to be repaid, with interest on a specified date.

5 Multiple choice questions

  1. Gross pay minus deductions for taxes.
  2. Compensation for work, expressed as an annual sum and paid in prorated portions regularly— usually weekly, bi-weekly, or monthly. (See Wage.)
  3. A fraudulent or deceptive act.
  4. Covers specific costs of custodial care in a nursing facility or at home.
  5. A person who lends money at an exorbitant rate of interest.

5 True/False questions

  1. Unearned IncomeEarnings from sources other than employment, including investment returns and royalties.

          

  2. SavingThe process of setting income aside for future spending. Saving provides ready cash for emergencies and short-term goals, and funds for investing.

          

  3. LiquidityStock ownership in a corporation.

          

  4. Financial PlanAnother name for budget.

          

  5. Earned IncomeEarnings from employment, including commissions and tips.