2. 200 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 Personal Finance Mixed Bag Government Budgets Government Revenue State Government

3. -This is a type of bank composed of members who pool their money and offer bank services at discount rates? Row 1---100 Question

4. -credit unions Row 1---100 Answer

5. -This term refers to the price paid to borrow someone’s money? Row 1---200 Question

6. -interest Row 1---200 Answer

7. -Name the item of value that is promised in order to borrow a large sum of money? Row 1---300 Question

8. -collateral Row 1---300 Answer

9. -Place where shares of corporations or mutual funds are sold on the open market? Row 1---400 Question

10. -Stock Market Row 1---400 Answer

11. -This is an economic fund that combines the money of many investors and is operated by a professional fund manager who makes the investment decisions? Row 1---500 Question

12. -mutual fund Row 1---500 Answer

13. -These are certificates issued to investors who loan their money to businesses or governments and are repaid with interest? Row 2---100 Question

14. -Bonds Row 2---100 Answer

15. -This is the remaining balance on a loan after interest has been paid? Row 2---200 Question

16. -principle Row 2---200 Answer

17. Row 2---300 Question -This is the legal term for someone who has stated in court their inability to repay their debts?

18. -bankruptcy Row 2---300 Answer

19. Row 2---400 Question -When are your taxes due to the federal and state government each year?

20. -April 15th Row 2---400 Answer

21. -This is a type of tax that is based on the ability of a person to pay and people who make more money should pay a greater percentage? Row 2---500 Question

22. -progressive Row 2---500 Answer

23. -This is the economic term for the money that is received? Row 3---100 Question

24. -revenue Row 3---100 Answer

25. -Name the economic term for the money that is spent? Row 3---200 Question

26. -expenditures Row 3---200 Answer

27. -This is the term for a year period of time in respect to a government or business budget? Row 3---300 Question

28. -fiscal year Row 3---300 Answer

29. -What term describes the process of spending more money than you have? Row 3---400 Question

30. -deficit Row 3---400 Answer

31. -Name the concept that in North Carolina, governments can not spend more money than it has received? Row 3---500 Question

32. -balanced budget Row 3---500 Answer

33. -Who is the head of the state executive branch and leader of state government. Row 4---100 Question

34. -Governor Row 4---100 Answer

35. -This is an elected position that is similar to the Vice President but on the state level. Row 4---200 Question

36. -Lieutenant Governor Row 4---200 Answer

37. -What is the name for the North Carolina Legislature? Row 4---300 Question

38. -General Assembly Row 4---300 Answer

39. -How is representation determined in each house? Row 4---400 Question

40. -population Row 4---400 Answer

41. -What is the largest problem usually facing state government? Row 4---500 Question

42. -funding Row 4---500 Answer

43. -Type of tax that is paid on an equal percentage by everyone---can be unfair to those with less of a disposable income? Row 5---100 Question

44. -regressive Row 5---100 Answer

45. -Tax that is based on the money one earns and this tax is usually progressive? Row 5---200 Question

46. -income tax Row 5---200 Answer

47. -When are your taxes due to the federal and state government each year? Row 5---300 Question

48. -April 15th Row 5---300 Answer

49. -Which tax is placed upon certain items such as gas, alcohol, and cigarettes? Row 5---400 Question

50. -excise tax Row 5---400 Answer

51. -Tax rate that is placed upon certain items as they are imported into the nation? Row 5---500 Question

52. -tariffs Row 5---500 Answer