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5 Written questions

5 Matching questions

  1. Probate Court
  2. Long-Term Care Insurance
  3. Time Value of Money
  4. Rule of 72
  5. Credit Card
  1. a A 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.)
  2. b A plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.
  3. c Covers specific costs of custodial care in a nursing facility or at home.
  4. d The government institution with jurisdiction over a deceased person's will and estate.
  5. e The potential of an investment to increase in value through periodically compounded earnings.

5 Multiple choice questions

  1. number, or another piece of personal information to commit fraud.
  2. Confiscation of collateral, often without notice, if a borrower defaults on a loan.
  3. An official record of a borrower's credit history, including such information as the amount and type of credit used, outstanding balances, and any delinquencies, bankruptcies, or tax liens.
  4. Property that a borrower promises to give up to a lender in case of default.
  5. A method of selecting a course of action after gathering and evaluating information and considering the costs and benefits of various alternatives and consequences.

5 True/False questions

  1. ScamA government fee on business and individual income, activities, or products.

          

  2. Debit CardA plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.

          

  3. PrivacyFreedom from unauthorized release of personal information.

          

  4. Peer PressureThe influence that a social group has on an individual, based on the individual's desire for the group's approval.

          

  5. Opportunity CostMonetary loss that occurs when the selling price of an asset is less than the original amount invested.