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5 Written questions

5 Matching questions

  1. Dependent
  2. Dividends
  3. Diversification
  4. Privacy
  5. Mutual Fund
  1. a 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.
  2. b A person who relies on another individual for support.
  3. c Freedom from unauthorized release of personal information.
  4. d Earnings from corporate stock or credit union share accounts.
  5. e A strategy for reducing some types of risk by selecting a wide variety of investments.

5 Multiple choice questions

  1. The location where a transaction occurs. POS software can track sales, inventory, and customer information.
  2. An amount that a taxpayer who meets certain criteria can subtract from tax owed. Examples include a credit for earned income below a certain limit and for qualified post-secondary school expenses. (See Tax deduction and Tax exemption.)
  3. A plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.
  4. The means of settling a financial obligation, such as by cash, check, credit card, debit card, smart card, or stored value card.
  5. Purchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.

5 True/False questions

  1. Renters InsuranceProvides property damage and liability coverage under specific circumstances.


  2. Rate of ReturnA rough calculation of the time or interest rate needed to double the value of an investment. Example: To figure how many years it will take to double a lump sum invested at an annual rate of 8%, divide 72 by 8, for a result of 9 years.)


  3. ProfitAn 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.)


  4. Close-end CreditAn agreement with a financial institution that gives a borrower the use of money up to a specified limit for an indefinite time as long as repayment of the outstanding balance and finance charge proceeds on schedule; also known as revolving credit or a revolving line of credit. A credit card is an example.


  5. Interest IncomeMoney that financial institutions, governments, or corporations pay for the use of investors' money.


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