5 Written questions
5 Matching questions
- Finance Charge
- Personal Finance
- Standard of Living
- a The total dollar amount paid for credit. Example: A $100 loan repaid with $9 interest plus a $1 service fee has a finance charge of $10.
- b The dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.
- c The principles and methods that individuals use to acquire and manage income and assets.
- d The overall degree of comfort of an individual, household, or population, as measured by the amount of goods and services its members consume.
- e Stock ownership in a corporation.
5 Multiple choice questions
- 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.
- 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.
- Aid to those in need.
- The cost of goods and services, including those that are fixed (such as rent and auto loan payments) and those that are variable (such as food, clothing, and entertainment).
- A position of employment with specific duties and compensation. (See Career.)
5 True/False questions
Liability Insurance → Protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.
Dollar Cost Averaging → A method of investing a fixed amount in the same type of investment at regular intervals, regardless of price.
Portfolio → A collection of securities—such as stocks, bonds, mutual funds, and real estate—that an individual investor owns.
Financial Literacy → Desired results from one's efforts to achieve personal economic satisfaction.
Opportunity Cost → A statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment.