Personal Finance Final Exam Review Units 4-6

When people deposit money into a financial institution for safekeeping and to earn interest, they are __________.

• Investing

• Saving

• Borrowing

• Spending

The share of profit in stock that you own is a __________.

• Dividend

• Premium

• Proxy

• Deductible

The amount that a bondholder will be repaid at maturity of that bond is called __________.

• Premium

• Face value

• Dividend

• Deductible

What is the machine where cash withdrawals, balance inquiries, and deposits can be made?

• ATM

• Debit card

• Checkbook

• Money order

What is the process of matching a checkbook register with a bank statement?

• Reconciliation

• Diversification

• Inflation

• Liability

What is the document that contains a list of checks received and processed, withdrawals, deposits, service charges, and interest (if any) during a month?

• Bank statement

• Checkbook register

• Money order

• Proxy

What is the fee charged for transactions that will exceed your account balance?

• Overdraft fee

• Service charge

• Maintenance fee

• Transaction fee

What is the type of endorsement on the back of a check that has only the signature of the person to whom the check is written?

• Blank endorsement

• Restrictive endorsement

• Special endorsement

• Conditional endorsement

What is the type of endorsement on the back of a check that reads “For Deposit Only” and then has the signature of the person to whom the check is written?

• Restrictive endorsement

• Blank endorsement

• Special endorsement

• Conditional endorsement

What is the chance of loss from some type of danger?

• Risk

• Premium

• Deductible

• Liability