EPF Pre/Post Test

Front

Which automobile coverage is usually required by state law? Options: collision, comprehensive, liability, personal injury protection

Back

liability

Front

Which of the following investments is the most liquid? checking accounts, real estate, mutual funds, money market funds

Back

checking accounts

Front

Deductions taken from a person’s paycheck in Virginia include: federal income tax, state income tax, and FICA (Social Security + Medicare)

Back

federal income tax, state income tax, and FICA (Social Security + Medicare)

Front

What is the largest equities market in the world? Options: American Stock Exchange (AMEX), NASDAQ market, New York Stock Exchange (NYSE), Over the Counter Market (OTC)

Back

New York Stock Exchange (NYSE)

Front

The value of the next best alternative given up for the alternative that was chosen is called

Back

opportunity cost

Front

An interest-earning savings instrument purchased for a fixed period of time is a

Back

certificate of deposit

Front

The majority of Americans are covered by health insurance through

Back

group health insurance provided by their employer

Front

Purchasing a variety of investments is known as

Back

diversification

Front

Which type of bankruptcy is called a straight bankruptcy proceeding?

Back

Chapter 7

Front

A production possibilities curve helps determine

Back

the maximum combination of goods and services that can be produced in a given time