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WorksheetsW!SE Practice Test #8
Total questions: 10
Worksheet time: 5mins
Which of the following provides an increase in assets or wealth?
Valunteering at a hospital
Taking out a loan
Having capital gains
Running in the marathon
A credit card finance charge is:
The sales tax
The cost of the items purchased
The dollar amount it cost to use credit
A service fee
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.
If you have a managed health care plan, it means that you:
Can go to any doctor at any time.
Usually must first meet with your primary care health care physician.
Will be responsible for $100 of a doctor bill.
Can apply for an 80% reimbursement of the amount paid to the doctor.
Jack'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 card stolen.
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.
Shares of stock are also know as:
Bonds
Debts
Money market funds
Equities
Which documents should be stored in a safe-deposit box?
Checkbook statements
Copies of current and past budgets
Current paycheck stubs
Mortgage loan papers
Rose 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 notified the financial institution.
Travelers checks, often used for vacations:
Are equivalent to credit cards
Are free at most banks
Function as cash and are easily replaced if lost
Are FDIC insured
Why is term life insurance usually the least expensive type of life insurance?
The policy only pays a death benefit
The policy builds a cash value
The policy provides coverage for a lifetime
The policy is available to all consumers
