What is the amount of money you earn before deductions on your paycheck? A.Net Amount B.Gross Amount C.Take Home D.Both A & C.

What is the amount of money you earn before deductions on your paycheck?

A. Net AmountB. Gross AmountC. Take HomeD. Both A & C

A. B. C. D.

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What is the process called when you review your bank statement and your check register and get them to agree.

A. ClearingB. DebitingC. CreditingD. Reconciling

A. B. C. D.

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How much will the FDIC insure your bank account for?

A. $150,000B. $200,000C. $100,000D. $250,000

A. B. C. D.

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An illegal way of stealing people’s bank/credit information by sending emails asking for information to

be submitted to false web sites.

A. PhishingB. SkimmingC. Ponzi SchemeD. Bait & Switch

A. B. C. D.

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An illegal way of stealing people’s credit card/bank information by attaching a device to an ATM or Credit

card machine?

A. Bait & SwitchB. PhishingC. SkimmingD. Ponzi Scheme

A. B. C. D.

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What is an illegal get rich plan in which each person pays in to participate and then

recruits more people to participate?

A. PhishingB. SkimmingC. Ponzi/Pyramid

SchemeD. Bait & Switch

A. B. C. D.

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Term for paycheck deposited electronically

A. DepositB. Direct DepositC. Transfer Deposit

A. B. C.

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What is a check that you have written but the bank has not cashed yet.

A. Outstanding checksB. Stop payment

checksC. Cancelled ChecksD. Blank Checks

A. B. C. D.

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What is term for how quickly an investment can be turned into cash?

A. BondsB. StocksC. LiquidityD. Maturity

A. B. C. D.

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What is the term for interest earned on interest?

A. SimpleB. Compound

A. B.

0%0%

Subletting means…

A. Landlord rents to youB. You the renter, rent to

someone elseC. Pay your security depositD. Rent a condominium

A. B. C. D.

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Which savings tool earns a fixed amount of interest for a fixed amount of time.

A. Money MarketB. Certificate of

Deposit (CD)C. Savings AccountD. Mutual Fund

A. B. C. D.

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What is a plan for saving and spending your money?

A. Investment PortfolioB. Savings StatementC. BudgetD. None of the above

A. B. C. D.

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What is the goal when you refinance a mortgage?

A. Pay a higher interest rate

B. Pay a lower interest rate

C. Get a Adjustable Interest rate

A. B. C.

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What is an adjustable rate mortgage?

A. Rate always stays the same

B. Rate can fluctuate based on market conditions

C. Rate can never go upD. Is better than a fixed

mortgage

A. B. C. D.

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Term that describes distribution of money among variety of investments

A. Profit SharingB. DiversificationC. VolatilityD. Dividends

A. B. C. D.

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Which tax form is mailed out by your employer by Jan 31st and to complete your taxes?

A. W2B. W4C. W11D. 1040EZ

A. B. C. D.

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Which tax form is the one you fill out when you start a job?

A. W2B. W4C. W11D. 1040EZ

A. B. C. D.

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What happens if you claim 0 on your W4?

A. The government will take the most out of your paycheck

B. The government will take out the least amount out of your paycheck

C. The government will take nothing out of your paycheck.

A. B. C.

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What is social security?

A. Health InsuranceB. Forced Savings for

retirementC. MedicareD. 401K

A. B. C. D.

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10

Which term describes your money being invested among a variety of investments?

A. LiquidityB. DiversificationC. VolatilityD. Cost Averaging

A. B. C. D.

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10

Which retirement plan is offered by your employer?

A. IRAB. Social SecurityC. 401KD. 402B

A. B. C. D.

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10

What is a share of the company’s profits?

A. DividendsB. AuditC. Profit SharingD. Yield

A. B. C. D.

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10

What does the term “matching” mean?

A. The company will give you profit sharing

B. The company will give you a bonus

C. The company will put a % of money in your 401K

D. All of the above

A. B. C. D.

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10

Which of the following is true about conservative investments?

A. Low risk, high returnB. Low risk, low returnC. High risk, high returnD. High risk, low return

A. B. C. D.

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10

What does the term equity mean…

A. The ownership you have in your home

B. Renting a homeC. Money you owe the

bank for your homeD. The difference

between renting and owning

A. B. C. D.

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10

There is a hail storm and your vehicle is damaged. Which coverage will pay?

A. CollisionB. Bodily InjuryC. ComprehensiveD. Medical Payments

A. B. C. D.

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10

Which of the following loans is secured by collateral?

A. Home MortgageB. Car LoanC. Credit CardD. Student LoanE. Both A & B

A. B. C. D. E.

0% 0% 0%0%0%

10

The Dow Jones Industrial Average is a benchmark made up of…

A. 30 most widely held companies

B. 50 most widely held companies

C. 100 most widely held companies

D. 200 most widely held companies

A. B. C. D.

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10

The original amount you borrowed is called…

A. Annual PercentageB. CollateralC. PrincipalD. Installment

A. B. C. D.

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10

What is the C for assets?

A. CapacityB. CapitalC. CharacterD. Credit

A. B. C. D.

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10

The FTC handles claims on a individual basis…

A. TrueB. False

A. B.

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When a person writes a check for more than what is in their account…

A. Over the limitB. OverdrawnC. Over the top

A. B. C.

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10

When the Federal Reserve lowers interest rates they want consumers to…

A. Save more & borrow less

B. Save less & borrow more

C. Save more, borrow more

D. Save less & borrow less

A. B. C. D.

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10