BARU
Ukuran huruf
Lembar kerjaW!SE Prep Money, Intro to Finance
Total soal: 14
Worksheet time: 14mins
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Fiscal Policy
Proposing legislation
Monetary Policy
Regulation
Which statement is FALSE about most ATM (Automated Teller Machine) cards?
You must have an account with a financial institution to have an ATM card.
You can always get cash anywhere in the world with no fee
You can generally obtain information concerning your account balance(s) at an ATM machine
You can generally get cash 24 hours a day seven days a week
A type of electronic funds transfer (EFT) is:
A transaction made with a check
A deposit made with a bank teller
Not widely used by consumers
An ATM transaction
Money in the United States includes:
Gold
Checking account balances on which checks can be drawn
Barter
Diamonds
Nora needed to buy food and did not have the cash, but had money in the bank. She was able to make the purchase by using her:
Credit Card
Identification Card
Debit Card
Cash card
Money for saving, investing, or spending cannot be from
An inheritance from someone who has died
Discretionary income or a gift of money
Capital gains from a sale of stock
Capital losses from the sale of stock
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back?
Demand the ABC Credit Union reimburse her for Marie's unauthorized transaction
File a complaint with the Federal Reserve Board to reimburse her for Marie's unauthorized transaction
Demand that the bank where Marie has her checking account reimburse her for Marie's unauthorized transaction
No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used her debit card, her maximum liability is:
$50
$500
Unlimited liability
No liability because she reported it
When money is not used and goods and services are exchanged for other goods and services, this system is called:
Credit
Money
Barter
Checks
Which of the following is a disadvantage of using phone cards, debit cards, electronic transfers and ATM cards?
Consumers can make purchases without writing a check
They expose consumers to greater likelihood of identity theft
They slow down the economy's recovery
They decrease availability of currency in the economy
The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are
Profits from business
Dividends and interest
Rents
Salaries, wages, and tips
Identify the background color of a US $5 bill
Orange
Blue
Green
Yellow
A cash card generally
Can be used in the same way that someone uses a check to pay bills
Is purchased with a specific amount of money that can be used to pay for goods or services
Is the same as a credit card which means you can use it to pay the minimum on a bill
Is the same as a debit card and is always linked to a specific checking account
Which statement best describes the relationship between educational level and earning power?
Education has no affect on a person's potential earning power
A person with a professional degree is likely to earn at least four times as much per year as a person who did not complete high school
Attaining a higher educational level affects the earning potential only for people over 40 years old
Attaining a higher educational level decreases potential earning power
