Post test study guide

True or false. The skills she brings to the job, education, and training are known as her Human Capital.

• True

• False

True or False. Failure of the business to make a profit is a risk that entrepreneurs face.

• True

• False

Your grandma retired and collects a payment from the government each month. At your part-time job you pay taxes to fund this. What is it?

• Pension

• Social Security

• Retirement Fund

Shelly did not have enough money in her checking account to cover a check she wrote. When this happens we say the check did what?

• certificate of deposit

• debit card

• A bounced check

When you borrow someone else's money you must pay it back plus this?

• cash

• interest

• referral

What organization protects your assets in a bank up to $250,000

• EBIDA

• NCUA

• FDIC

• AIRB

Which of these three would charge the most interest on a loan?

• Credit Union

• Commercial Bank

• Pawn Shop

Which type of investment has lower risk and lower expected rates of return?

• Stocks

• Bonds

• Real Estate

Joe & John have identical cars, but Joe has higher auto insurance premiums than John. Which of the following would not cause a higher premium?

• Auto Accident

• Lower Monthly Premium

• Speeding Ticket

• Good Grades Discount

The potential cost of car repairs if the customer has an accident, is one factor that insurance companies consider when setting determining how much to charge your for your insurance policy.

• True

• False