WorksheetsFinal Review - Cumulative
Total questions: 45
Worksheet time: 45mins
This type of checking account is a combination of checking and savings accounts: _____________
activity accounts
interest-earning checking accounts
regular checking accounts
interest investment savings accounts
"The potential return on any investment should be directly related to the risk the investor assumes" is the basic rule of _______________.
investing
smart banking
interest bearing investments
financial regulatory services
What is the name of the process of getting products to consumers (which includes pricing, packaging, shipping, advertising, and selling).
distribution
marketing
supply chain management
marketplace management
________ is a collection of data that measures changes in the prices of consumer goods and services.
GDP
CPI
FDIC
APR
when searching for up-to-date information for a job, you look in the O*Net Dictionary of Occupational Titles. What source did you go to in order to find this resource?
internet
books
libraries
school counseling office
A resume that lists all of the qualifying skills in no particular order is called a ______ resume
chronological
skills summary
skills
functional timeline
Expenses that vary from month to month are also known as ________
fixed variables
variable expenses
variable fixations
fixed expenses
_________ is a state tax collected on the property left by a person to his or her heirs in a will.
inheritance tax
dividend tax
excise tax
estate tax
A _______ is an overall summary of your skills and qualifications.
cover letter
follow-up letter
follow-up list
resume
________ is the study of how people produce, distribute, and consume goods and services.
production costs
economics
economic system
free enterprise system
_______ is another name for the money that businesses get from their owners in order to operate.
equity capital
money market capital
mutual funds
equity business markets
A corporation's written pledge to repay a specific amount of money, along with interest, is also known as _________.
corporate greed
corporate bond
government bond
government savings account
Which of the following is the most important step when it comes to developing a personal budget?
set financial goals
record what you spend
review spending patterns
estimate your income
_______ are any other valuable belongings that are not real estate.
personal possessions
personal accounted assets
real estate
investment assets
__________ is the interest you receive from banks, credit unions, and savings and loan associations.
earned income
interest income
dividend income
interest payments
__________ is your adjusted gross income less any allowable tax deductions and exemptions.
earned income
dividend income
taxable income
itemized deductions
A formal meeting with your potential employer that allows you to express why you think you are the best person for the job is called ____________
business meeting
networking opportunity
interview
professional meeting
For-profit institutions that offer a full range of financial services, including checking, savings, and lending are called __________.
commercial banks
mutual savings banks
commercial loan shops
savings and loan associations
Which of the following is not one of the five investment alternatives?
stocks
corporate bonds
mutual funds
money market accounts
_________ are an investment in which investors pool their money to buy stocks, bonds, and other securities selected by professional managers who work for an investment company.
money market accounts
common stock
mutual funds
certificates of deposit
________ is also known as the amount of goods and services available for purchase by consumers.
demand
supply
marketing
inflation
_________ are best described as 'short-term debts that have to be paid within one year'.
current liabilities
personal debts
long-term liabilities
liquid liabilities
What is the total amount of income you receive before taxation?
adjusted gross income
adjusted taxable income
gross income
gross adjusted income
The ________ resume provides a year-by-year outline of your education, work experience, and related information.
chronological
adjustable
reversible
skills
The people who buy and use goods and services are also known as _________
consumers
producers
consumer index list
consumptioners
Any place that goods and services are sold is known as a ___________.
business
store front
marketplace
marketing house
____________ is a savings alternative, or option, in which money is left on deposit for a stated period of time to earn a specific rate of return.
savings bonds
money market accounts
preferred stock
certificates of deposit
The __________ is the percentage of increase in the value of your savings from earned interest.
interest savings rate
annual percentage rate
rate of return
compounding rate
In order to calculate the rate of return, you should divide the _________ by the amount of your _________.
total interest, deposit
total interest, withdrawal
total interest, stocks
total deposit, interest
Which of the following is an example of a conservative portfolio based on percentages placed in stocks and mutual funds?
15-20% stocks
65-70% stocks
55-75% stocks
80-100% stocks
Which of the following is one of the steps for developing a personal budget?
reduce expenses
increase investments
set financial goals
evaluate financial situation
_________ is also known as the amount of goods and services that consumers are willing and able to purchase.
supply
inflation
demand
consumption ratio
When the demand is greater than the supply, the prices will __________.
increase
stay the same
decrease
none of the above
When different businesses provide similar products and services, it is known as _____________.
inflation
supply chain problems
production costs
competition
___________ is a type of stock that gives the owner the advantage of receiving cash dividends before common stockholders receive cash dividends.
early stock
preferred stock
important
interest-bearing stock
___________ are owned by depositors and specialize in savings accounts and mortgage loans.
commercial banks
savings and loan associations
credit unions
mutual savings banks
A ________ is an expense that does not change from month to month.
fixed expense
living expense
variable expense
variable price problems
A medical expense that you can deduct from taxable income is a specific expense that is also usually called a(n) ___________.
standard deduction
itemized deductions
itemized reductions
standard itemized deductions
Which of the following is not a fixed expense?
car loan payment
mortgage
medical bills
insurance premiums
A ________ resume highlights your skills and abilities in specific categories, such as communications, supervision, or research.
skills
chronological
functioning
none of the above
What causes the purchasing power of money to decrease when the price of goods and services rises?
demand
supply costs
inflation
consumer concerns
A financial institution that traditionally specialized in savings accounts and mortgage loans but not offers many of the same services as commercial banks.
commercial banks
savings and loan associations
money market banks
credit unions
A _________ is a savings account that requires a minimum balance and earns interest that varies from month to month.
money fund account
interest market account
money market account
savings market account
These type of accounts, traditionally called passbook accounts, are ideal if you plan to make frequent deposits and withdrawals but receive low interest compared to other accounts.
money market account
mutual funds
credit interest account
regular savings account
As the term of the investment grows longer, the amount of total return increases exponentially. This concept is known as the __________.
time value of interest
time value of stock funds
time value of money
time value of financial gains
