1. What is the amount of money you earn before deductions on your paycheck?
Net Amount
Gross Amount
Take Home
Both A & C
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2. What is the process called when you review your bank statement and your check register and get them to agree.
Clearing
Debiting
Crediting
Reconciling
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3. How much will the FDIC insure your bank account for?
$150,000
$200,000
$100,000
$250,000
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4. Phishing Skimming Ponzi Scheme Bait & Switch
An illegal way of stealing people’s bank/credit information by sending s asking for information to be submitted to false web sites.
Phishing
Skimming
Ponzi Scheme
Bait & Switch
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5. Bait & Switch Phishing Skimming Ponzi Scheme
An illegal way of stealing people’s credit card/bank information by attaching a device to an ATM or Credit card machine?
Bait & Switch
Phishing
Skimming
Ponzi Scheme
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6. What is an illegal get rich plan in which each person pays in to participate and then recruits more people to participate?
Phishing
Skimming
Ponzi/Pyramid Scheme
Bait & Switch
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7. Term for paycheck deposited electronically
Direct Deposit
Transfer Deposit
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8. What is a check that you have written but the bank has not cashed yet.
Outstanding checks
Stop payment checks
Cancelled Checks
Blank Checks
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9. What is term for how quickly an investment can be turned into cash?
Bonds
Stocks
Liquidity
Maturity
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10. What is the term for interest earned on interest?
Simple
Compound
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11. Subletting means… Landlord rents to you
You the renter, rent to someone else
Pay your security deposit
Rent a condominium
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12. Certificate of Deposit (CD) Savings Account Mutual Fund
Which savings tool earns a fixed amount of interest for a fixed amount of time.
Money Market
Certificate of Deposit (CD)
Savings Account
Mutual Fund
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13. What is a plan for saving and spending your money?
Investment Portfolio
Savings Statement
Budget
None of the above
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14. What is the goal when you refinance a mortgage?
Pay a higher interest rate
Pay a lower interest rate
Get a Adjustable Interest rate
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15. What is an adjustable rate mortgage?
Rate always stays the same
Rate can fluctuate based on market conditions
Rate can never go up
Is better than a fixed mortgage
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16. Term that describes distribution of money among variety of investments
Profit Sharing
Diversification
Volatility
Dividends
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17. Which tax form is mailed out by your employer by Jan 31st and to complete your taxes?
1040EZ
:01

18. Which tax form is the one you fill out when you start a job?
1040EZ
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19. What happens if you claim 0 on your W4?
The government will take the most out of your paycheck
The government will take out the least amount out of your paycheck
The government will take nothing out of your paycheck.

20. What is social security?
Health Insurance
Forced Savings for retirement
Medicare
401K 10

21. Which term describes your money being invested among a variety of investments?
Liquidity
Diversification
Volatility
Cost Averaging 10

22. Which retirement plan is offered by your employer?
IRA
Social Security
401K
402B 10

23. What is a share of the company’s profits?
Dividends
Audit
Profit Sharing
Yield 10

24. What does the term “matching” mean?
The company will give you profit sharing
The company will give you a bonus
The company will put a % of money in your 401K
All of the above 10

25. Which of the following is true about conservative investments?
Low risk, high return
Low risk, low return
High risk, high return
High risk, low return 10

26. What does the term equity mean…
The ownership you have in your home
Renting a home
Money you owe the bank for your home
The difference between renting and owning 10

27. There is a hail storm and your vehicle is damaged
There is a hail storm and your vehicle is damaged. Which coverage will pay?
Collision
Bodily Injury
Comprehensive
Medical Payments 10

28. Which of the following loans is secured by collateral?
Home Mortgage
Car Loan
Credit Card
Student Loan
Both A & B 10

29. The Dow Jones Industrial Average is a benchmark made up of…
30 most widely held companies
50 most widely held companies
100 most widely held companies
200 most widely held companies 10

30. The original amount you borrowed is called…
Annual Percentage
Collateral
Principal
Installment 10

31. What is the C for assets?
Capacity
Capital
Character
Credit 10

32. The FTC handles claims on a individual basis…
True
False

33. When a person writes a check for more than what is in their account…
Over the limit
Overdrawn
Over the top 10

34. When the Federal Reserve lowers interest rates they want consumers to…
Save more & borrow less
Save less & borrow more
Save more, borrow more
Save less & borrow less 10