If you have $2,500 to deposit into a new savings account and you know you will not need access to it for a set amount of time (such as 30 days), which type of savings account would work best for you?

Evaluate the following statement: With a basic savings account, your money is insured by the FDIC up to a certain amount (usually $100,000 per bank).

Evaluate the following statement: With a basic savings account, the interest rate paid to you on your account is usually low.

Evaluate the following statement: With a basic savings account, a minimum balance is required to be kept in your account or you may pay additional service fees.

Your checking account and savings account are at the same bank. Which feature allows you to access both accounts?

The credit industry has a database of credit information for over 180 million people. Which of the following is NOT one of the main companies which track and report this information?

Which of the following is NOT included in the credit information database?

Which of the following is a major component of a credit history?

Of the five main criteria used to determine your credit score, which has the most influence over your score?

Of the five main criteria used to determine your credit score, which has the least influence over your score?

Of the following which one is NOT one of the four factors considered by a lender when someone applies for a loan?

Which of the following best describes the main difference between a loan payment and a credit card payment?

________ is known as the amount of money actually borrowed with the loan. Which of the following components best matches this definition?

________ is known as the additional amount of money you will repay to the bank, along with the amount borrowed with the loan. Which of the following components best matches this definition?

________ is known as the length of time you have to pay the loan back in full to the lender. Which of the following components best matches this definition?

Of the types of loans listed below, which is guaranteed with collateral?

Of the types of loans listed below, which is not guaranteed with any type of collateral?

Of the types of loans listed below, which is due in one full payment?

Of the types of loans listed below, which requires the borrower to make monthly, or other types of regular payments?

________ is known as having a set limit of money which can be borrowed at any one time and interest is only paid on the amount borrowed. Which of the following components best matches this definition?

The upfront fees which you may pay for a loan do NOT include which of the following?

If you have a loan which requires monthly payments, which equation is the correct way your interest will be calculated for each payment? (Remember, APR stands for Annual Percentage Rate)

The amount of interest paid is normally calculated on which of the following?

Adjustable rate loans are frequently adjusted according to which of the following?

If you have a fixed rate loan for three years with monthly installments, which of the following equations will best allow you to calculate the full repayment cost of your loan?

Which of the following is NOT one of the three main investment categories?

The total of all of your assets including stocks, bonds, cash, real estate and other types of investments you may own is which of the following?

Buying or selling of stocks and bonds in the capital market is known as which of the following?

An overall increase in value of the capital market is known as which of the following?

An overall decrease in value of the capital market is known as which of the following?

Buying stocks or bonds in individual companies, such as buying stock in Dell® or Yahoo!®, is which of the following?

Investing a percentage of your paycheck each month into your company’s retirement plan is which of the following?

Investing in a retirement plan designed specifically for individuals to use in place of or in addition to a company retirement plan is which of the following?

Which of the following is NOT one of the four main questions you should ask yourself when you consider buying a home?

What is the main difference between paying a deposit on a rental property and paying a down payment on a home you are buying?

What is the main difference between a rent payment and a house payment where your tax return is concerned?

What is the main difference between a home you own and a rental property where maintenance and repairs are concerned?

What is the main difference in renting and owning when the value of an actual property increases?

John and Judy purchased their first home together. They will be living on the fifth floor of the building and share in the overall ownership of the building. Which of the following terms best defines the type of home John and Judy purchased?

John and Judy purchased their first home together. They will be living in a suburban neighborhood in a two-story house. Which of the following terms best defines the type of home John and Judy purchased?

John and Judy purchased their first home together. They will be living on the fifth floor of the building but do not share in the overall ownership of the building. Which of the following terms best defines the type of home John and Judy purchased?

Which of the following choices is NOT one of the three basic ways you can use real estate?

What is the basic process of “flipping” a house?