Personal Finance Final
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
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30 questions
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1.
FLASHCARD QUESTION
Front
What is a blank endorsement?
Back
A check signed without any added restrictions.
2.
FLASHCARD QUESTION
Front
What is a special endorsement used for?
Back
To make a check payable to another person
3.
FLASHCARD QUESTION
Front
What is the proper way to void a check? Options: Write "VOID" in small letters at the bottom of the check. Write "VOID" in large capital letters across the front of the check. Tear the check in half. Write "CANCEL" on the back of the check.
Back
Write "VOID" in large capital letters across the front of the check.
4.
FLASHCARD QUESTION
Front
What is gross income?
Back
The total amount of money earned before taxes and deductions
5.
FLASHCARD QUESTION
Front
Which of the following is included in gross income?
Options:
Only salary,
Salary, wages, tips, commissions, interest, dividends, and rental income,
Only wages and tips,
Only interest and dividends
Back
Salary, wages, tips, commissions, interest, dividends, and rental income
6.
FLASHCARD QUESTION
Front
What is considered a "need" according to the text?
Back
Food
7.
FLASHCARD QUESTION
Front
Which of the following is an example of a "want"? Shelter, Water, Healthcare, A vacation
Back
A vacation
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