GFL State Review #14

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.

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

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

Front

The rate imposed by the lender for the borrower to pay on a loan is known as

Back

Annual Percentage Rate (APR)

Front

The NYSE and Nasdaq are examples of:

Back

stock exchanges

Front

Most IRAs are invested in

Back

mutual funds.

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)

Front

Which is TRUE about the Student Aid Index (SAI)?

Back

It's how much you & your family are expected to pay for college.

Front

Bill is a junior and wants to explore careers. What should Bill do? Options: Set some goals, Complete an interest inventory, Research careers, All of these

Back

All of these

Front

Human capital can be improved by: Buying a new car, Taking a class, A raise in salary, Taking an interest inventory

Back

Taking a class