OCS Economics Personal Finance Final Exam Review part 2

The best estimate of revenue and expenditures to help guide financial choices in a future period of time is called a .

• Trade

• Insurance

• Budget
• Brochure

is the setting aside for a purchase in the near future through savings accounts, money market accounts, or certificates of deposit.

• Checking

• Savings
• Loan

• Grant

Shares in the ownership of a company are called

• 401 K

• Mutual fund

• Stock
• Credit

The amount of money you have left over after you list your assets and subtract your debt.

• Wealth

• Loan

• Benefit

• Investing

What name is given to people who are experts in a certain field or craft that use social media to educate other people?

• Telemarketers

• Influencers

• Consumers

• Scammers

What is the name of the publication that is put out by a nonprofit organization that evaluates products, services, and even insurance and puts the findings out for everyone to see?

• Better Business Bureau

• Consumer Reports

• Telemarketing

• Consumer Financial Protection Bureau

What type of crime is described when a person uses your personal or financial information without your permission?

• Ponzi Scheme

• Telemarketing

• Skimming

• Identity Theft

What is a common form of marketing that companies use to connect with potential customers of their products or services by making telephone calls to existing or potential customers?

• Social Media

• Influencers

• Telemarketing

• Scammers

What are two examples of retirement savings accounts that provide for potential investment growth, offer tax advantages, and opportunities to build your wealth?

• Certificate of Deposits and Checking Accounts

• 401(k) and IRA

• Savings Bonds and Savings Accounts

Mr. Smith is a 75 year old retiree who lives alone. One day he receives a phone call threatening him that his power will be cut off if he doesn’t buy a gift card, call back, and use the card to pay his bill. What do you recommend that Mr. Smith do first?

• Hang up and call the power company

• Go to Wal-Mart and get a gift card

• Hang up and call 9-1-1