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5 Written questions

5 Matching questions

  1. Welfare
  2. Auto Insurance
  3. Portfolio
  4. Credit
  5. Tax Deduction
  1. a Aid in the form of money or necessities for those in need; often from a government program.
  2. b An agreement to provide goods, services, or money in exchange for future payments with interest by a specific date or according to a specific schedule. The use of someone else's money for a fee. (See Open-end credit, Closed-end credit, and Easy-access credit.)
  3. c A collection of securities—such as stocks, bonds, mutual funds, and real estate—that an individual investor owns.
  4. d Provides liability and property damage coverage under specific circumstances.
  5. e An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax credit and Tax exemption.)

5 Multiple choice questions

  1. Stock ownership in a corporation.
  2. A legally binding agreement between two or more parties.
  3. Earnings from corporate stock or credit union share accounts.
  4. An investment tool that pools the money of many shareholders and invests it in a diversified portfolio of securities, such as stocks, bonds, and money market assets.
  5. Calculating interest on both principal and previously earned interest.

5 True/False questions

  1. Grace PeriodWages or salary before deductions for taxes and other purposes.

          

  2. DiversificationAn expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax credit and Tax exemption.)

          

  3. WarrantyCompensation for work, expressed as an annual sum and paid in prorated portions regularly— usually weekly, bi-weekly, or monthly. (See Wage.)

          

  4. Gross PayWages or salary before deductions for taxes and other purposes.

          

  5. Payment MethodAn easy-access credit business that makes high-interest loans secured by personal property collateral, such as jewelry.