5 Written questions
5 Matching questions
- Record keeping
- a The process of keeping an orderly account of a person's financial affairs, including income earned, taxes paid, household expenditures, loans, insurance policies, and legal documents.
- b Calculating interest on both principal and previously earned interest.
- c An easy-access credit business that makes high-interest loans secured by personal property collateral, such as jewelry.
- d A program, financed by state and federal government tax revenues, to pay specified health care costs care for those who cannot afford them.
- e A position of employment with specific duties and compensation. (See Career.)
5 Multiple choice questions
- Aid in the form of money or necessities for those in need; often from a government program.
- Protects dependents from loss of income, debt-repayment, and other expenses after the death of the insured party.
- 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.)
- Money that financial institutions, governments, or corporations pay for the use of investors' money.
- Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums, and retirement savings.
5 True/False questions
Personal Finance → The principles and methods that individuals use to acquire and manage income and assets.
Disability Insurance → Replaces a portion of income lost when a person cannot work because of illness or injury.
Long-Term Care Insurance → Covers specific costs of custodial care in a nursing facility or at home.
Social Security → Stock ownership in a corporation.
Financial Goals → Desired results from one's efforts to achieve personal economic satisfaction.