WorksheetsIntro. to Finance
Total questions: 10
Worksheet time: 30mins
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Fiscal Policy
Proposing legislation
Monetary policy
Regulations
Money for saving, investing, or spending cannot be from:
An inheritance from someone who died
Discretionary income or gift of money
Capital gains from a sale of stock
Capital losses from the sale of stock
Which statement is FALSE about most ATM 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 at an ATM.
You can generally get cash 24 hours a day, 7 days a week.
Money in the United States includes:
Gold
Checking account balances on which checks can be drawn
Barter
Diamonds
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
Which statement best describes the relationship between a person's educational level and that person's potential earning power?
Education has no effect 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.
To make sure you will always remember your automated teller machine (ATM) card personal identification number (PIN), you should keep it on a piece of paper and keep it:
in your wallet
with your checkbook
attached to your ATM card
in a secure place at home
Susan gives Marie her Credit Union debit card and PIN so that she can get $25 from her bank account. Marie withdrew $100 instead. How can Susan get the $75 back?
Demand the credit union reimburse her.
File a complaint with the Federal Reserve Board.
Demand Marie's bank reimburse her.
No bank or government agency is obligated to reimburse her.
Identify the background color of a U.S. $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 by mail
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 for the minimum on a bill
Is the same as a debit card and is always linked to a specific checking account
