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Q 1/30
Score 0
Your take-home pay, or net income, is _________.
30
the amount you receive after benefits, such as vacation pay and health insurance, have been added
the total amount you earn
the amount you receive after taxes, insurance, or other costs have been subtracted
gross income
Q 2/30
Score 0
The amount of interest you earn on money in your savings account will depend on which factors?
30
the interest rate, how often you make deposits, and how the bank invests your money
the interest rate, the time money remains in the account, and how the bank pays the interest
the prime rate, your credit rating, and how you make the deposits
the amount of collateral, the amount in your checking account, and the balances on your credit cards
30 questions
Q.
Your take-home pay, or net income, is _________.
1
30 sec
Q.
The amount of interest you earn on money in your savings account will depend on which factors?
2
30 sec
Q.
What type of financial institution must have a majority of their assets in housing-related loans?
3
30 sec
Q.
A _________ allows deposits and withdrawals; may require a minimum balance to keep the account open; earns interest; and may limit the number of times you can withdraw money.
4
30 sec
Q.
Which of the following assets is the most liquid?
5
30 sec
Q.
Overdraft protection is _________.
6
30 sec
Q.
What type of financial institution is governed by federal and state laws and regulations?
7
30 sec
Q.
All the following are ways to establish good credit except _________.
8
30 sec
Q.
_________ earns higher interest; may require a higher minimum balance; and provides checks for withdrawals.
9
30 sec
Q.
Charging on a credit card is basically _________.
10
30 sec
Q.
What type of financial institution is a nonprofit financial institution owned by people who have something in common?
11
30 sec
Q.
Companies that keep track of everyone’s credit history are called _________.
12
30 sec
Q.
The three C’s of credit include all of the following except _________.
13
30 sec
Q.
The amount you need to pay to keep your credit card in good standing is _________.
14
30 sec
Q.
Type of check endorsement that is signed “Paid to the order of” is a _________.
15
30 sec
Q.
What is the significance of being pre-approved for a loan?
16
30 sec
Q.
_________ requires money to stay in the account for a fixed period of time (term); earns higher interest rate than other accounts; and incurs penalties if money is withdrawn before the end of the term.
17
30 sec
Q.
What is APR?
18
30 sec
Q.
A(n) _________ is a spending plan for the use of money over time based on goals and expected income.
19
30 sec
Q.
What type of financial institution has a “member’s only” characteristic?
20
30 sec
Q.
The _________ rate is the rate of interest a bank charges their best customer.
21
30 sec
Q.
A period of time when investors are confident in the economy and stock prices are rising is referred to as a _________.
22
30 sec
Q.
What type of financial institution was created to promote home ownership?
23
30 sec
Q.
An example of an open-end credit account is a _________.
24
30 sec
Q.
The Federal Deposit Insurance Corporation (FDIC) covers all deposits, except _________.
25
30 sec
Q.
A _________ is a personal check the bank guarantees to be good.
26
30 sec
Q.
Just signing the payee’s name on the back of a check is called a _________ endorsement.
27
30 sec
Q.
The _________ guarantees that all information about costs of a loan will be provided in writing to consumers.
28
30 sec
Q.
The functions of _________ are to provide a medium of exchange that is readily transferable like money and to provide an extension of credit.
29
30 sec
Q.
The standard FDIC insurance amount is _________ per depositor, per insured bank.
