Vocabulary 3 Week 1
Authored by Josselinne Molina
Professional Development
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is "Liability" in financial terms?
The total value of assets owned by an individual or organization
A debt or obligation owed to another party
The amount of money held in a savings account
The profit earned from investments
2.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
The mortgage agreement included a detailed schedule outlining the monthly (a) payments, ensuring that the loan would be fully paid off over the specified term.
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does "Foreclosure" refer to?
The sale of stocks on the open market
The process by which a lender seizes a property from a borrower who has failed to make mortgage payments
The act of investing in foreign currencies
The sale of stocks on the open market
4.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
During a (a) , many people might lose their jobs because companies aren't making as much money and need to cut costs.
5.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
If a store buys a toy for $20 and then can only sell it for $15, they have a $5 (a) because they didn't make enough money to cover the cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What are "Securities?
Financial instruments such as stocks and bonds that can be traded in financial markets
Physical assets such as real estate and machinery
Insurance policies that protect against financial losses
Government-issued identification documents
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