5 Written questions
5 Matching questions
- Social Security
- Capital Gain
- a A government fee on business and individual income, activities, or products.
- b A strategy for reducing some types of risk by selecting a wide variety of investments.
- c Income that results when the selling price of an asset is greater than the original purchase price.
- d A legal arrangement through which a trustor manages a trustee's assets for the good of one or more beneficiaries.
- e number, or another piece of personal information to commit fraud.
5 Multiple choice questions
- 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.)
- The principles and methods that individuals use to acquire and manage income and assets.
- A document that contains the signer's desires for specific medical treatment in case the person is unable to make medical decisions; also known as a health care directive.
- A specific-purpose loan requiring repayment with interest and any other finance charges by a specific date. Examples include most mortgages or auto loans.
- Freedom from unauthorized release of personal information.
5 True/False questions
Easy Access Credit → Short-term loans granted regardless of credit history, often for very short periods and at high interest rates. (See Pawnshops, Payday loans, Rent-to-own, and Title loans.)
Opportunity Cost → The government institution with jurisdiction over a deceased person's will and estate.
Career → A profession or field of employment for which one studies or trains, such as financial services or medicine.
Fraud → A fraudulent or deceptive act.
Credit Score → A statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment.