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EPF Final Exam Review

Authored by Christina Velazquez

Business, Social Studies

11th - 12th Grade

Used 51+ times

EPF Final Exam Review
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77 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When a person uses an ATM card to obtain money from a checking account, the money is deducted from this account

30 days after the withdrawal is made.

as soon as the withdrawal is made.

24 hours after the withdrawal is made.

24 hours after the withdrawal is made.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:

Yield

Capital Loss

Market value

Price Earning

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The National Credit Union Administration (NCUA) insures accounts in:

Commercial banks

Credit unions

Brokerage firms

Savings banks

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are:

Salaries, wages, and tips

Dividends and interest

Profits from business

Rents

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of electronic funds transfer (EFT) is:

An ATM transaction

A deposit made with a bank teller

Not widely used by consumers

A transaction made with a check

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Shares of stock are also known as:

Bonds

Money market funds

Debts

Equities

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

How does the Federal Deposit Insurance Corporation(FDIC) protect consumers?

It insures consumer deposits even if a banking system fails

It ensures that banks make a profit for investors

It guarantees consumers a livable income

It grants credit to consumers in need

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