5 Written questions
5 Matching questions
- Loan Shark
- Cash Flow Statement
- a A legal declaration of a person's wishes for the disposition of his or her estate after death.
- 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.
- c A person who lends money at an exorbitant rate of interest.
- d A set of moral principles or beliefs that govern an individual's actions.
- 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
- A business that specializes in obtaining payments from debtors who have defaulted on their loans.
- A long-term loan to buy real estate, that is, land and the structures on it.
- 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.
- The feature of an investment in which taxes due on principal and/or earnings are postponed until funds are withdrawn, often at retirement.
- 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
Charitable Gift → An 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.
Dividends → Earnings from corporate stock or credit union share accounts.
Equal Credit Opportunity Act → The value of possible alternatives that a person gives up when making one choice instead of another; also known as a trade-off.
Credit Counseling Service → A statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment.
Trust → Intentional and illegal deception, misrepresentation, or concealment of information for monetary gain.