moneypower.org- money/ intro to finance

Which of the following does the Federal Reserve use to regulate the nation's money supply?

• Fiscal policy

• Proposing legislation

• Monetary policy

• Regulation

Which of the following provides an increase in assets or wealth?

• Volunteering at a hospital

• Taking out a loan

• Having capital gains

• Running in the marathon

Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able to make the call by using her:

• Credit card

• Identification card

• Cash card

• Traveler's check

Identify the background color of a U.S. $5.00 bill.

• Orange

• Blue

• Green

• Yellow

To make sure you will always remember your automated teller machine (ATM) card personal identification number (PIN), you should write the PIN and keep it:

• In your wallet

• In your checkbook

• On your ATM card

• In a secure place at home

Money for saving, investing, or spending cannot be from:

• An inheritance from someone who has died

• Discretionary income or a gift of money

• Capital gains from a sale of stock

• Capital losses from the sale of stock

Money in the United States includes:

• Gold

• Checking account balances in which checks can be drawn

• Barter

• Diamonds

The common name for U.S. currency is:

• Orange backs

• Blue backs

• Green backs

• Yellow backs

A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question first?

• Will I find a balance between financial rewards and personal satisfaction from work?

• How many people do I know who work in this field?

• Once I train for this area, how long before I will be at the top of the field?

• Are there people in this field who are dissatisfied with their jobs?

Which of the following is a disadvantage of using phone cards, debit cards, electronic transfers, and ATM cards?

• Consumers can make purchases without writing a check

• They expose consumers to greater likelihood of identity theft

• They slow down the economy's recovery

• They decrease availability of currency in the economy