
GFL State Review #14
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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19 questions
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1.
FLASHCARD QUESTION
Front
Which of the following statements about savings accounts is FALSE?
Savings accounts pay interest on the money you deposit.
Savings accounts may require you to maintain a minimum balance to avoid a fee.
Savings accounts are best used to store money for longer-term goals.
Savings accounts allow an unlimited amount of withdrawals each month.
Back
Savings accounts allow an unlimited amount of withdrawals each month.
2.
FLASHCARD QUESTION
Front
Which of the following should NOT be considered when setting a current budget?
Your financial goals,
Future income,
Needs and wants,
Savings
Back
Future income
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a possible tax or deduction that could show up on your paycheck? state income tax, contributions to retirement savings, FICA, sales tax
Back
sales tax
4.
FLASHCARD QUESTION
Front
The rate imposed by the lender for the borrower to pay on a loan is known as
Back
Annual Percentage Rate (APR)
5.
FLASHCARD QUESTION
Front
The NYSE and Nasdaq are examples of:
Back
stock exchanges
6.
FLASHCARD QUESTION
Front
Most IRAs are invested in
Back
mutual funds.
7.
FLASHCARD QUESTION
Front
Which type of savings account has the lowest liquidity? Options: regular savings account, money market account (MMA), certificate of deposit (CD), checking account
Back
certificate of deposit (CD)
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