Economics Total Recall (Personal Finance)

Which one of the following terms is an organized spending plan for one's money?
SSEPF1b

• Cost System Analysis
• Bankruptcy
• Budget
• Profit and Loss Statement

Why do women need to save more money than men for retirement?
SSEPF2d

• They tend to live longer on average.
• Women still earn less than men in some jobs.
• Women take time off from their jobs to have/raise children.
• All of the above.

Which one of the following terms is money that is paid regularly at a particular rate for the use of borrowed money?
SSEPFb

• Deposit
• Withdrawal
• Interest
• Net Worth

Which federal agency protects deposits in commercial banks ?
SSEPF2

• FDIC
• IRS
• DEA
• EPA

A system to make financial loss more affordable by transferring it from individuals to large groups is called :
SSEPF5

• Investing
• Insurance
• Trading
• Saving

A person from an insurance company sent to determine the value of property that was damaged or destroyed is called an :
SSEPF5

• Agent
• Adjuster
• Astronomer
• Alien

Financial institution licensed to receive deposits and make loans.
SSEPF2a

• bank
• credit union
• savings house
• credit house

A cost that varies with the level of output.
SSEPF4c

• fixed costs
• profit
• variable costs
• savings

Expending money with the expectation of achieving a profit.

• profiting
• budgeting
• debiting
• investing

Institution that accepts savings at interest and lends money to savers chiefly for home mortgages, but may also have checking and other accounts.
SSEPF2a

• commercial bank
• savings and loan
• credit union