FINANCE

Trinity has a plastic card that she can only use to withdraw money directly from her checking account. She cannot use this card to make purchases, what is she using?

• ATM Card

• Check

• Debit Card

• Credit Card

What type of insurance policy allows the buyer to pay a set amount monthly to gain a steady stream of income?

• Business Insurance

• Annuity Insurance

• Life Insurance

• Health Insurance

Which of the following affects how the stock market behaves?

• Investment Portfolio Performance

• Supply & demand

• Interest Rates

• Personal Financial Gain

What is the biggest factor that affects someone's credit?

• Amount of debt

• Age of accounts

• Payment history

• Number of accounts

A financial intermediary is an entity that acts as an ---------------- in a financial transaction.

• Investor

• Investigator

• Middleman

• Merchant

Insurance is the way a person or business is protected from:

• Losing value

• Losing Interest

• Losing money

• Losing investments

Who guarantees currency?

• The FDIC

• The person who holds the money

• The country of issue

• The financial institution that issued the money

What type of insurance pays for the funeral and burial cost?

• Health

• Renter's

• Life

• Business

What is the purpose of a bank?

• A financial Investigator

• A financial Intermediary

• A financial Tracker

• A financial advisor

Mr. B's house is old and needs quite a few repairs that he cannot afford to pay out of pocket. What type of loan does he need?

• Home equity

• Business

• Mortgage

• Auto

Answer explanation

Home equity loans are used primarily for home repairs or expansion.