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5 Written questions

5 Matching questions

  1. Will
  2. Ethics
  3. Loan Shark
  4. Cash Flow Statement
  5. Medicare
  1. a A legal declaration of a person's wishes for the disposition of his or her estate after death.
  2. b A federal government program, financed by deductions from wages, that pays for certain health care expenses for older citizens. The Social Security Administration manages the program.
  3. c A person who lends money at an exorbitant rate of interest.
  4. d A set of moral principles or beliefs that govern an individual's actions.
  5. e A summary of receipts and payments for a given period, helpful when preparing a budget; also known as an income and expense statement.

5 Multiple choice questions

  1. A business that specializes in obtaining payments from debtors who have defaulted on their loans.
  2. A long-term loan to buy real estate, that is, land and the structures on it.
  3. A person who provides financial information and advice. Examples include employee benefits staff, bank and credit union employees, credit counselors, brokers, financial planners, accountants, insurance agents, and attorneys.
  4. The feature of an investment in which taxes due on principal and/or earnings are postponed until funds are withdrawn, often at retirement.
  5. 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.)

5 True/False questions

  1. Charitable GiftAn expression of dissatisfaction with a product or service, often in the form of a letter to the seller or manufacturer documenting the problem and stating the desired solution.


  2. DividendsEarnings from corporate stock or credit union share accounts.


  3. Equal Credit Opportunity ActThe value of possible alternatives that a person gives up when making one choice instead of another; also known as a trade-off.


  4. Credit Counseling ServiceA statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment.


  5. TrustIntentional and illegal deception, misrepresentation, or concealment of information for monetary gain.