If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
A bank Certificate of Deposit is a:
A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should
The financial institution where Ms. Sanchez has her checking account will continue to pay out money for the checks she writes as long as:
Margaret wants to store a valuable coin collection and important papers. Generally, consumers should:
When a person declares bankruptcy that fact will appear on the person's credit report
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
Which of the following is considered to be open-end credit?
What is meant by an uncollateralized loan?
A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?
A creditor may deny credit because of:
You used your credit card to buy flowers at the florist. The dollar amount of the purchase was:
Which of the following does the Federal Reserve use to regulate the nation's money supply?
To make sure you will always remember your automated teller machine (ATM) card personal identification number (PIN), you should write the PIN and keep it:
When money is not used and goods and services are exchanged for other goods and services, this system is called:
A cash card generally:
The denominations of coins in the United States are:
A person complains about how expensive it is to be a cigarette smoker. One of the reasons cigarettes are so expensive is that
One of the benefits of holding an investment for over a year rather than selling it in less than a year is that the
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have
I find myself using my credit card to cover the cost of food or rent because I'm regularly short on cash at the end of each month. The best thing to do is:
The financial planning process:
John's company will match his pre-tax contributions to the company's retirement plan, known as:
Which of the following is necessary for successful budgeting?
Financial planning is important because it helps you to:
Something you are working to achieve within a defined period of time is a(an):
A company offers a defined-contribution pension plan which means that upon retirement the employee will receive
After five years of owning a Roth Individual Retirement Account (IRA), a person wants to buy his first home, the person can withdraw money from the Roth IRA
A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that dividend, this means that the $2.00 will go toward buying
As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower then expected if the
An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks later, the investor receives notice that the corporation has approved a 2-for-l stock split. Based on this information, the investor would own at the moment of the split
A pharmacy is to drugs as the American Stock Exchange is to:
Buying a treasury bill (T-bill) is best for investors who are looking for
What is the largest equities market in the world?
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with:
The interest earned on United States Series EE Savings Bonds is
The activity of the New York Stock Exchange most closely resembles:
To determine the time value of depositing $100 in a savings account, a person needs to know the interest rate and
Lamar believes that interest rates are going to fall in the near future and remain low for a considerable period of time. She should invest in:
What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution?
Which type of financial institution usually pays the highest rate of interest on savings account balances?
A person is convinced that a lending institution is charging too much interest for a loan. This person should be aware that
For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive
A woman has just received a very expensive piece of jewelry. The woman has homeowner's insurance. Which statement would it be most appropriate for her to make to her insurance agent?
A person buys a flat screen, plasma, theater-like television. The person has homeowner's insurance. Why would it be appropriate to add a personal property floater to that insurance?
Ben's truck is crushed by a hit-and-run driver. Scott is hit by an uninsured driver. How will they receive payments?
Which of the following insurance covers vehicles?