Dollar & Sense Review

Which of the following allows customers to borrow money from a financial institution up to a certain limit?

• Debit card
• Credit card
• Trust account
• Safety deposit box

The electronic movement of money from one account to another is known as which of the following?

• Electronic funds transfer
• Electronic movement of money
• Technology funds
• Financial electronic transaction

Budgeting finances requires calculating __________ and __________.

• Income; expenses
• Investments; savings
• Utility; opportunity cost
• Inflation; taxes

Budgets assist in reorganizing finances to reduce ________ or increase ________.

• Problems; happiness
• Funds; expenses
• Debt; savings
• Consistency; originality

If income exceeds expenses, which of the following is recommended?

• Increase income sources
• Go on vacation
• Decrease income sources
• Research investment and savings options

How many additional years of education does a master’s degree require after earning a bachelor’s degree?

• One to two years
• Three to four years
• Five to six years
• Seven to eight years

Which of the following is a leadership skill?

• Breaking new ground
• Anticipating problems
• Treating everyone fairly
• Prioritizing

Which of the following is an example of revolving credit?

• Student loan
• Credit card
• Mortgage
• Auto loan

Which of the following is an employer-sponsored retirement savings plan?

• Annuity
• Money market fund
• Savings account
• 401K Plan

True or False: Sales tax rates vary from state to state

• True
• False