A plan for how to use your money during a given time based on expected income is called a what?

Which of the following types of earnings is the exception to the rule "in order to benefit, you must first pay in?"

Money earned in exchange for work, or received from investments, allowance, or gifts is considered.

A summary of receipts and payments for a given period of time is called a...

A summary of receipts and payments for a given period of time is called a...

An amount of money, property, or an object of value given by someone who has passed away.

When you don't have enough money to cover your expenses for the month, you are considered to have a...

In regards to social security, both employers and employees pay into a fund from which employees receive benefits when they retire.

When identifying and prioritizing your goals, which of these is NOT a part of the process?

If you have a small monthly surplus used to save and invest after paying bills, you are living in what financial well-being mode?

Pay that is figured at an hourly rate, and generally comes with overtime hours when over 40 hours has been reached.

If you are able to arrange earnings in a way to build your wealth after you have taken care of your expenses, you are living in what kind of financial well-being mode?

In most cases, if you are being paid a salary wage and you work over 40 hours in a week, you will receive overtime pay.

A car payment is generally a _______ expense

If you BELIEVE you will have overtime hours for the week, it is save to figure that in to your income and budget for the week.

Payments or property given to people or institutions which do not have to be paid back are called ______.

When a percentage of the sales in dollars is paid to an author, songwriter, or inventor when copies of his/her creation are sold, those individuals are receiving...

Which of the following is NOT a quality of a good budget?

All of these are funded by taxpayers and don't require paying in to before taking advantage of the opportunity to use them, with the exception of one choice...

If you are guaranteed to make 25% off the sale of a $100 vacuum cleaner, you are working for...

If you are receiving a set amount of money per month no matter how many hours you put in, you are receiving what is considered a....

Money left over when all of your expenses for the month have been paid is considered a...

Paid by banks to their depositors, and paid by borrowers to the institutions that provide their loans.

This is the most common type of financial institution, is usually privately owned, offers a wide range of services, run to make a profit, and is relied heavily upon for successful economic activity.

These banks are non-profit financial institutions that are owned by their members, organized for the members' benefit, and the members usually share something in common.

These financial institutions make small, short-term, high interest loans to tide a person over until needed.

Which of these is not true about pay day lenders?

An addition to funds to an account balance.

The removal of cash from an account, either at the banks or at an ATM.

Any transaction that removes funds from an account, including cash withdrawals, checks written on the account, and fees charged by the bank.

Any positive addition to an account.

A movement of funds from one account to another.

A temporary transfer of funds from one person or company to another, to be repaid over time with additional money paid in interest.

The electronic system for transferring money between banks is called the...

When you "charge" or spend more money than what you have available in your checking account, you may be charged a...

In most cases, interest earning checking accounts don't require a minimum balance, but pay interest on top of what you have for a balance.

If you want to open a checking account for your kid so you may montior the money coming in and out of the account, you would likely open a(n)...

If you have a joint checking account, the responsibility of fees and other miscellaneous items can fall on the other person tied to the account.

In a business checking account, money can't be transferred to a personal checking account.

An emergency fund is...

A general rule of thumb is to have ____ of expenses saved up for an emergency.

Which of these would be good examples of emergencies to have money set aside for? (may be more than one answer)

Charging for items such as furniture or a car isn't really much more expensive than having the cash ready for it.

A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of interest.

Type of savings account that invests in securities.

Non-transferable bond issued by the government initially sold at half their face value.

You can transfer ownership of a savings bond.

Figuring interest earnings on both the original amount AND any previous interest that has been added to the balance is known as...

The amount of interest that a deposit would earn after compounding for one year, expressed as a percentage, is known as...

The Rule of 72 states....

An investment in the ownership of corporation, usually represented by shares of the business.

Company earnings distributed to shareholders, usually in the form of money or stock.

A stock who's owner has voting rights and receives dividends based on company profits, paid out after preferred stockholders received their dividends.

A stock whose owner has no voting rights, but receives a fixed dividend, paid before common stockholders receive their dividends.

This stock pays the same amount to the shareholder no matter how much the company is or is not making.

This stock will yield higher returns if the company has major profits for the year.

What does NYSE stand for?

Which of these is a major stock market in the United States? (may be more than one answer)

Safe investments in the ownership of large, respected, and well-established companies.

Condition that exists when investors are optimistic about the economy and the market goes up.

Condition that exists when investors are pessimistic about the economy and the market goes down.

Contracts to buy or sell a specific commodity, stock, or other financial instrument at set price on a set date in the future.

Bulk items such as grans, metals, and food that are bought and sold on an exchange.

Contracts that give the owner the right, but not the obligation, to buy or sell a stock or commodity at a set price on or before a specified date.

Which statement or statements are true about Penny Stocks?

Can be purchased at a bank or other financial institution for half its face value.

An investment in which people pool their money to buy stocks, bonds, real estate, or other assets selected by professional managers.

Select all that could be a disadvantage of using a credit card.

What is an advantage of credit?

What law requires lenders to disclose credit terms in an easily understood manner so that consumers can confidently comparison shop interest rates and conditions?

The higher the APR and the longer the period of the loan...

Choose ALL FACTORS that the finance charge may depend on.

If a borrower takes longer to pay back a loan, what happens to the monthly payment?

If a borrower takes longer to pay back a loan, what happens to the total finance charge?

The most important part of a credit score

Applications for new credit that will request information from a credit report.

The length of time you have had credit

This measure is based on your current level of debt compared to your income

The mix of installment loans and cards that lenders like to see on your credit history report.

A summary of the transactions on your account - payments, credits, purchases, balance transfers, cash advances, fees, interest charges, and amounts past due.

Your total new balance, the minimum payment amount, and the date the payment is due.

The total you have paid in fees and interest charges for the current year.

A summary of the interest rates on the different types of transactions, account balances, the amount of each, and the interest charged for each type of transaction.