Resource Management

Which of the following is an example of a negotiable instrument?

• Check

• Car Title

• House Title

• Marriage License

Writing “for deposit only” on the back of a check is which type of endorsement?

• Special

• Restrictive

• Blank

• Open

A personal check that the bank guarantees to be “good” is known as a ______.

• Blank check

• Cashier's check

• Money order

• Certified check

A check written by a bank on its own funds is known as a _____.

• Blank check

• Money order

• Cashier's check

• Certified check

Simply signing your name on the back of a check before presenting it to the bank to cash is known as what type of endorsement?

• Restrictive

• Special

• Blank

• Other

Express contracts are...

• specifically communicated and are either oral or written.

• not specifically communicated or written down.

• specifically communicated but only orally

• specifically communicated but only written

A written agreement that allows a tenant to use property for a specified time period.

• Sublease (Sublet)

• Eviction Notice

• Implied Contract

• Lease

The money you pay at the beginning of a rental lease to ensure payment for any future damages that you inflict to the property. If no damages are inflicted, you usually get this money back at the end of the lease period.

• Lien

• Security Deposit

• Mortgage

• Down Payment

This word means a persons legal ability to enter into a binding contract.

• Capacity

• Utility

• Consideration

• Consciousness

What will the average consumer do when interest rates are high?

• Save more

• Buy less

• Buy more

• Save less