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WorksheetsReview Quiz
Total questions: 10
Worksheet time: 5mins
Money can be described as what?
Any medium that is generally accepted as payment for goods and service
a better way to barter good and services
Printed paper from the federal reserve bank
What is Financial Literacy?
The ability of individuals to make appropriate decisions in managing their personal finances
The ability to make financial decisions for a short period of time
anything that has to do with funds
Marie is a businesswoman and she is always on the go. She is interested in convenience and easy access to her money. She likes to check her account balance fast and easy on her smartphone and rarely has time to stop by a financial center. What is the best financial intermediary for Marie?
Credit Union
Pawn Shop
Bank
What is Cash Flow?
It is the movement of funds going out
it is the movement of funds going in and out of a business
It is the movement of funds going in
There are three types of income sources. Earned income is funds you receive from working, Passive income is funds you receive from items you created. What is portfolio income?
income made by actively managing different types of investments.
Income made from creating YouTube videos
income made from your weekly salary
The best way to plan for the future is to first create?
Smart financial goals
A Budget
become financial literate
An example of good debt would be student loans so you are able to pay for school, bad debt would be?
Mortgage
Credit Cards
Car Loan
The price of a company's stock is based on if a company is successful or not. When is the best time to purchase and sell a business stock?
Buy a stock when the price high then sell it when the price is low
Buy a stock when the price is low and then sell it when the price is high.
It does not matter when you buy or sell a stock
Sole proprietorship/entrepreneur is when there is only one owner of a company. One advantage to be an entrepreneur is
The owner is responsible for all financial losses
The owner is taxed a lot by government
The owner has the power to make all decisions
An agent who earns commissions through the purchase and sale of shares for an investor is what?
Investment Banker
Personal Banker
Stockbroker
