Personal Finance Wise Review #1
Quiz by Darla McGuire
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144 questions
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- Q1One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is liable for is...$5030s
- Q2Consumers who file for bankruptcy are still responsible for...Tax Claims and Student Loans30s
- Q3Which of the following provides an increase in assets or wealthHaving Capital Gains30s
- Q4The Denominations of coins in the United States$.01, $.05, $.10, $.25, $.50, $1.0030s
- Q5An investment that holds a wide range of different investing instruments, providing diversification.Mutual Funds30s
- Q6Michele and Claudia have a seven year old son. They won $50,000 on a game show and want to put it away for their son's education. Which of the following has the highest potential growth and highest risk?Common Stocks30s
- Q7Banks use savings account desposits to...Give loans to consumers and businesses30s
- Q8You have a checking account balance of $100 and you deposit a personal $200 check from your brother in your checking account. When will you be able to withdraw $150 in cash?3-7 days later, depending on your bank's check clearance policy30s
- Q9Why is term life insurance usually the least expensive type of life insurance?The policy only pays a death benefit30s
- Q10Neil will be travelling by air in SE Asia for a six-week vacation. Which step will not provide protection during the trip.Take his passport30s
- Q11Victims of predatory lending practices are typically...The elderly and people with a poor credit history30s
- Q12How can you avoid becoming a victim of identity theft?Avoid giving your SSN on a phone call you did not initiate30s
- Q13Which of the following statements is usually true about individuals who are financially literateThey understand the basics of personal finance and money management30s
- Q14Which of the following is a disadvantage of using debit cards, electronic transfers, and ATM cardsThey expose consumers to greater likelihood of identity theft30s
- Q15The price of a corporation stock will generally increase when there is...Positive News about corporate earnings30s