5 Written questions
5 Matching questions
- Stored-Value Card
- Financial Literacy
- a Intentional and illegal deception, misrepresentation, or concealment of information for monetary gain.
- b The ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.
- 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.
- d A collection of securities—such as stocks, bonds, mutual funds, and real estate—that an individual investor owns.
- e An overall rise in the price of goods and services; the opposite of the less common deflation.
5 Multiple choice questions
- 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.
- 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.
- A person who lends money at an exorbitant rate of interest.
- A legal declaration of a person's wishes for the disposition of his or her estate after death.
- Income that results when the selling price of an asset is greater than the original purchase price.
5 True/False questions
Medicaid → Federal Insurance Contributions Act. (See Social Security.)
Payroll Deduction → An 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.
Dividends → Earnings from corporate stock or credit union share accounts.
Saving → A measure of the likelihood of loss or the uncertainty of an investment's rate of return.
Income → Money earned from investments and employment.