WorksheetsWise Practice Test Pt. 2
Total questions: 14
Worksheet time: 7mins
New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the:
Treasurer of the United States
Secretary of the Department of Treasury
Federal Reserve System
U.S. Federal Mint
A factor that is likely to affect the market price of a stock is:
The age of the corporation
Corporate profits
The number of corporate employees
Wages
The term used to describe the ease and speed with which you can convert savings or an investment to cash is
Convertibility
Principal
Liquidity
Rate of return
Richard's auto insurance policy expired on 5/15/2002. Richard was upset with his insurance agent and decided to change insurance companies. At 10:00 a.m. on 5/16/2002, as he drove to a different agent to buy a new policy, he had an accident. Who is liable for damage to his car and his personal injuries?
The old agent
The new agent
Richard
The old agent is liable for damage to your car and the new agent for personal injuries
What is a credit score?
A number used to determine how much credit to extend to a person.
A measure used to indicate a person’s gross wealth.
A reward system that is based on
the number of credit cards a person has.
A formula based solely on a person’s earnings.
When Lucy was born, her grandparents gave her a Series EE savings bond that will be worth $1,000 at maturity. Her grandparents paid:
$1,000 for the bond
$500 for the bond
$750 for the bond
These bonds are gifts for long term depositors
A bank Certificate of Deposit is a:
Savings instrument that requires a deposit for a period of time during which the saver can withdraw money from the plan at any time without a penalty
Savings instrument that requires a deposit for a period of time during which there is a penalty for withdrawals
Cash deposit in a savings account that earns interest
Certificate for deposits that are issued for half the face value
Which financial product may pay a dividend?
Saving account
Money market account
Certificate of deposit
Stock
If you have a managed health care plan, it means that you:
Usually must first meet with your primary health care physician
Can go to any doctor at any time
Will be responsible for $100 of a doctor bill
Can apply for an 80% reimbursement of the amount paid to the doctor
Matt's wallet, with all his credit cards, was stolen. He needs to:
Notify the credit card companies after he gets his next account statements to get the 800 telephone numbers to report the stolen card
Check the next account statements for unauthorized charges and, if so, file a complaint with the credit card company
Nothing because retailers will not accept charges by someone who does not own the card
Notify each credit card company immediately
Which of the following is your right as a shareholder of common stock?
The right to hire officers of the corporation
The right to receive dividends if paid
The right to receive discounts on products or services
The right to receive interest payments
How can individuals be prepared for losing their job or having a large medical expense?
Maintain a checking account with sufficient funds
Pay credit card bills on time
Prepare a budget
Save at least three months of income
A savings account earns the greatest amount of money when the interest on the account is compounded
yearly
quarterly.
monthly.
daily.
Purchases made with your debit card are usually:
Deducted immediately from your checking account
Deducted from your credit card balance
Added to your credit card balance
Put on your credit card bill as a cash advance
