Personal Finance Review

Front

Who is hurt most by inflation? Options: savers at a fixed rate of interest, borrowers at a fixed rate of interest, workers with a COLA clause in their contract, speculators in gold and other precious metals.

Back

savers at a fixed rate of interest

Front

Which retirement plan will earn the most because it is not charged an annual tax? IRA, Roth IRA, Commercial Savings Account, 401(k)

Back

Roth IRA

Front

The opportunity cost of collecting money for savings in a jar is the

Back

Interest the money could have earned

Front

Which is an investment in human capital? Options: unemployment benefits, paid vacations, new machines, employee training & education

Back

employee training & education

Front

The income that results from saving money in a bank is called

Back

Interest

Front

The BEST example of a progressive tax in the United States is

Back

Federal Personal Income Tax

Front

This is a portion of corporate profits paid to stockholders.

Back

Dividends

Front

Which would MOST likely to cause wages to increase for the United States? Options: increase in the value of the dollar, increase in interest rates, increase in productivity, increase in retirement rate

Back

increase in productivity

Front

What is the most important skill that most employers look for when hiring new employees? Options: personal hygiene, technological knowledge, work well with others, acquiring and applying information

Back

work well with others

Front

Demetria wants to invest $25,000 in a diversified manner. What is her BEST investment option? Options: Company Stock, Zero Coupon Bonds, US Government Securities, Mutual Funds

Back

Mutual Funds