L.M. Test Corrections

L.M. Test Corrections

9th Grade

30 Qs

quiz-placeholder

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L.M. Test Corrections

L.M. Test Corrections

Assessment

Quiz

Other

9th Grade

Practice Problem

Medium

Created by

Alexander Morton

Used 1+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is your right as a shareholder of common stock?

The right to set interest rates

The right to guaranteed dividends

The right to receive dividends if paid

The right to fixed returns

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the chief reason corporations issue stock?

To increase employee wages

To gain government control

To raise money for the corporation

To avoid paying taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer finance companies, which are often advertised on TV, are also known as:

Investment banks

Credit unions

Small loan companies

Mortgage brokers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debbie was behind on her stereo installment credit contract payments. As a result, the creditor seized and sold the stereo. The sale price did not cover all of the loan balance, the creditor got a court to order her employer to withhold part of her wages. This court order is called:

Foreclosure

Wage deduction

Bankruptcy

Garnishment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following investment products is guaranteed by the federal government?

Corporate bonds

Mutual funds

U.S. Treasury Notes

Municipal bonds

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial product may pay a dividend?

Certificate of Deposit

Savings Account

Common Stock

Life Insurance Policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit card finance charge is:

A penalty for not paying your bill on time

A fee for lost cards

The dollar amount it costs to use credit

The annual membership fee

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