Economics & Personal Finance

A legal document used when renting an apartment is called :

• Receipt
• Estimate
• Lease
• Ticket

What is the form you fill out to note the amount of federal income tax you want deducted from your salary and allowances you are claiming ?

• W-2
• W-4
• W-6
• M-2

Which federal agency protects deposits in commercial banks ?

• FDIC
• IRS
• DEA
• EPA

To avoid becoming financially overextended individuals and famalies should make use of a :

• Timeline
• Credit Card
• Checking Account
• Budget

A system to make financial loss more affordable by transferring it from individuals to large groups is called :

• Investing
• Insurance
• Trading
• Saving

In economic terms, which of the following are examples of resources :

• Human, Natural, Capital
• Stocks, Credit, Cash
• Savings, Time, Energy
• All of the above

Reduction in a car's value due to age and wear -and- tear is known as :

• Appreciation
• Stagnation
• Depreciation
• Inflation

You report a missing ATM card within 2 days of the loss. What is the maximum amount of charges you will be responsible for if the card is used ?

• $50
• $100
• $25
• $75

The number of days you have before a credit card company starts charging interest on your new purchases is called the :

• Free Period
• Late Period
• Estimate Period
• Grace Period

A person from an insurance company sent to determine the value of property that was damaged or destroyed is called an :

• Agent
• Adjuster
• Astronomer

• Alien