10 MIXED TEST PREP. PAWN SHOP COLLATERALIZED LOAN SECURED LOAN CASH AGAINST ITEM IN PAWN SHOP.

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Presentation transcript:

10 MIXED TEST PREP

PAWN SHOP COLLATERALIZED LOAN SECURED LOAN CASH AGAINST ITEM IN PAWN SHOP

OPEN END CREDIT EXXON C/C SEARS C/C VISA $5K LINE OF CREDIT

EXCISE TAX GASOLINE CIGARETT HOTEL STATE OR FEDS IMPOSE TAX

RENT CINDY OWNS 3 STORES ON BOSTON RD 1- GEEKS INC 2- MARY HAIR INC 3- BOB CUP CAKES BOB GOES BANKRUPT---CINDY HAS LOSS OF INCOME STORE 3 EMPTY

STOCK SPLIT CHASE BANK 100 $30/ SHARE = $ SPLIT 200 $15/ SHARE = $ SAME $ WORTH MORE SHARES

TIME VALUE OF MONEY INTEREST RATE RATE IF INFLATION

WHOLE LIFE INSURANCE POLICY OWNER SURRENDERS POLICY AFTER 11 YEARS CASH BACK CACULATED AMOUNT OF CASH- INCLUDES PREMIUM PAID & INTEREST ON THAT MONEY

PERSON DEPOSITS $10 K $10 K IN BANK ACCOUNT US TREASURY DEPARTMENT NOTIFIED BY BANK

BLANK ENDORSEMENT CREATES A CHECK CAN BE CASHED BY ANYONE

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