Financial Literacy Quizs

The form an employer provides to an employee to inform them of how much money was deducted from paychecks in a given year.

• W-2

• 1099

• W-4

• Pay Stub

Additional cost that must be paid in addition to the listed price of a product at a store.

• Sales tax

• Shipping fee

• Service charge

• Import duty

The concept of APR.

• The credit card interest rate, calculated on a yearly basis

• The annual percentage rate of a loan, including fees

• The total amount of interest paid over the life of a loan

• The rate at which interest is compounded monthly

Which of the following allows a customer to pay a deposit on an item, and then not receive the item until the balance is paid in full?

• -    Credit card

• -      Increment investing

• -      Layaway plan

• -      Portion payment

Mortgage loan that helps individuals with low credit scores and little cash for a down payment

• Conventional loan

• Government-insured loan

• Private loan

• Subprime loan

Investment characterized by being risky, ownership in a corporation, pays dividends, and high potential for reward?

• Stocks

• Bonds

• Commodities

• Real estate

An Investor loans money to a city, county government, or company & the money is repaid after a certain date, plus interest is

• Bonds

• Exchange-traded fund (ETF)

• Savings accounts

• Mutual funds

Needed when seeking to open a bank account.

• Government-issued identification

• Social Security card

• Utility bill

• Birth certificate

Position that can confirm signatures to a contract

• Notary public

• Legal assistant

• Contract manager

• Paralegal

Banks offer the service of a safety deposit box in order to...

• Protect personal documents from potential loss

• Store large amounts of cash securely

• Provide a place for customers to keep jewelry

• Offer a safe space for storing furniture