Business & Finance 4/6th Wk - Exam

Which of these is not a function of money?a function of money?

• A Store of Value

• A way to make trade difficult

• A Unit of Account

What is bartering?      

• Bargaining for the best price

• Borrowing to pay off a debt

• The exchange of goods between two people

What is gross pay? 

• Amount paid in Social Security Tax

• The money you earn before taxes

• The amount you take home

What is net pay?

• What you pay in taxes

• The money you take home after taxes

• Your deductions

Which of the following is the largest tax you pay?

• Federal Income Tax

• Sales Tax

• Unemployment Tax

Which of the following benefits has the potential to earn

you the most money? 

• Child Care Benefits

• 401k or other retirement program

• Two Weeks paid vacation

Which of these is a form of earning?

• A Lottery Win

• An Inheritance

• Wages

Jeremy needs a bank that is open 24/7 and accessible overseas. Which bank should he choose?

• local credit union

• internet bank

• international financial institution

Which of the following is not a method of payment using a checking account?

• Debit Card

• Credit Card

• Personal Check

The Rule of 72 is a method to determine

• how many months it will take to save the target amount

• the time it will take an amount to double in value

• the initial amount you should invest