Financial Math Final Review

Which of the following is a personal factor which influences consumer behavior and refers to the quantifiable statistics detailing an individual's age, gender, ethnicity and income?

• Values

• Demographic

• Lifestyle

• Personality

Which of the following is NOT true of economics?

• Studies the distribution of goods and services

• Studies methods of advertising and marketing

• Studies how a consumer can use their resources to meet their wants and needs

• Studies the production of goods and services

A person's need for self-fulfillment belongs to which of the following levels of Maslow's hierarchy?

• Love

• Self-actualization

• Esteem

• Safety

How much interest would a person earn if he deposited $300 at 6 percent for 2 years?

• $32

• $36

• $40

• $42

Tags

CCSS.7.RP.A.3

How much interest would a person earn if he deposited $300 at 6 percent for 2 years?

• $47.50

• $52.50

• $55.25

• $57.25

Tags

CCSS.7.RP.A.3

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

• Credit card

• Trust account

• Debit card

• Safety deposit box

Which of the following allows customers to have their paycheck electronically deposited directly into their account?

• Electronic withdrawal

• Deposit slip

• Direct deposit

• Online payment

Which of the following is a line of credit issued to customers to cover checks or debits exceeding the amount in their account?

• Automated teller machine

• Debt restructuring

• Cash flow budgeting

• Overdraft protection

Which of the following allows individuals to borrow against their home's value to finance major expenses?

• Mortgage loan

• Restructuring loan

• Home equity loan

• Refinancing loan

Which institution assists individuals in buying and selling securities among investors?

• Brokerage firms

• Investment banks

• Insurance companies

• Mortgage companies