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Worksheets

Wise wise wise

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

Time value of money is concept that refers to money

a)

received today is worth more than the same amount of money received in the future

b)

blah

c)

blah

d)

blah

2.

it is advisable to avoid lending money to a friend or relative unless the person

a)

has [promissory note signed by the borrower in the presence of a witness.

b)

bal

c)

balh

d)

blah

3.

A person FICO credit score is 803 Her creditworthiness is best described as

a)

very good she should be able to obtain most types of credit at a reasonable interest rate

b)

balg

c)

blah

d)

blah

4.

A person should consider changing his budget when

a)

he has a newborn child

b)

.

c)

.

d)

.

5.

A person wrote a check for 100$ but her checking amount only has 25$ the bank paid the check because she has

a)

overdraft protection

b)

j

c)

j

d)

j

6.

Certified Financial Planners give advice to their clients in order to help them

a)

achieve their financial goals within target dates

b)

k

c)

j

d)

k

7.

How does corporate bond differ from corporate stock

a)

The bondholder lent the company money; the stockholder bought part ownership in the company

b)

k

c)

k

d)

k

8.

A person who has several types of saving and investment products to manage risk is using a strategy known as

a)

ddiversification

b)

j

c)

j

d)

j

9.

A person takes a job that offers a 5% matching contribution to a 401K plan This means that for every dollar the employee contributes to the 401k the employer will

a)

match each dollar contributed up to 5% of employee's salary

b)

f

c)

gddgfd

d)

fgdfgd

10.

A person should check her free credit reports

a)

once a year

b)

kjjkj

c)

kjkjk

d)

kjkjkj

11.

A person is comparing the interest rate on a certificate of deposit CD to the rate on saving account. Usually, the interest rate on CD is.

a)

Higher

b)

j

c)

jbhj

d)

jhjh

12.

The bank teller informs a customer that the total amount of money in his checking account is $503.55. This amount called the

a)

balance

b)

jhjh

c)

jhjhjh

d)

jhjh

13.

Marital status, age, education, gender and neighborhood are all factors that generally affect the cost of

a)

car insurance

b)

jhjhjj

c)

jhjhjh

d)

jhjhhjh

14.

A person used her credit to buy flowers at the florist. The credit card company

a)

added purchase to her credit card bill to be paid on the due date

b)

jhjhj

c)

jhjhjhjh

d)

jhjhjhj

15.

Common stock is also know as

a)

equities

b)

jhjh

c)

jhjhjh

d)

jjhjhjh

16.

the term used to describe the ease and speed with which a financial product can be converted to cash is

a)

liquidity

b)

jhjhj

c)

hjhjhjh

d)

jhjhjh

17.

What is the difference between a debit card and a credit card

a)

using a debit car is a person paying with his own money and a credit card is taking a loan needs to be paid

b)

ghffhgf

c)

hgfhgfgh

d)

ghfghf

18.

By following the advice to pay yourself first a person is getting into a habit of

a)

building wealth through savings

b)

jhjhjhjh

c)

jhjhjhjgjhgf

d)

gfgjfgjhdfserjsertjesjtse

19.

What is the cost of using someone else's money

a)

interest

b)

gjhgjhg

c)

jhghjghjgjh

d)

ghjghg

20.

Having a debit card allows a person to

a)

easily access his cash

b)

hjgfjgfgf

c)

gjfgjfgjf

d)

gfgjfjgjgj

21.

After required deductions have been taken out a person's pay. the amount of money the employee receives to take home is known as

a)

net pay

b)

jkhjkhjkh

c)

hjkhkj

d)

gkjgkhfghfhfg

22.

When buying cell phone insurance, the person should consider the cost of the annual insurance premium and compare it to the cost of

a)

buying a new phone

b)

jhkjhkjj

c)

hjkhjkhjk

d)

ghjfjgfj

23.

Some people invest in collectibles such as paintings and coins as a strategy to accumulate wealth because

a)

their limited availability is likely to increase its value

b)

ghjgjh

c)

fjgfgj

d)

fjfgjfgj

24.

The budgeting term that describes money left over after paying taxes fixed expenses and other essential living expenses is

a)

discretionary income

b)

jkhkjh

c)

hjghjf

d)

fgdgfd

25.

what should a person tell a friend who is writing a check for cash

a)

if it is lost, it is easy for anyone to cash the check

b)

dgfdgfs

c)

fgddfgdfgd

d)

fsfdsdfsfds

26.

Financial services and products generally offered by banks and credit unions include

a)

lending

b)

jhjfghjg

c)

fghdfghdhgfdfh

d)

ghfghfghfghfghfgh

27.

Which form of check endorsement should be ADVOIDED because it makes a check as good as cash and can be presented for payment by anyone

a)

A blank endorsement with only a person's signature and date

b)

dfgdfgsdfdsf

c)

fdfgdgfd

d)

sdfsdfsgsdff

28.

it is most beneficial if a person is able to buy a home when

a)

interest rates are low

b)

gjhghjg

c)

ghfhgfjfgjf

d)

jgfhjfhgdfdgdfh

29.

A person who owns shares and cannot attend the annual stockholder meeting can

a)

vote by mail or online through a proxy

b)

ghfghfghf

c)

fgdfgdfgdfg

d)

fgdfgdfgdfgd

30.

People use an Electronic Funds Transfer EFT service because it is a/an

a)

convenient and secure way to move money

b)

gfdfgjdjg

c)

jfgdjfgdjg

d)

jfdjfdjgfdgj

31.

In economy with very low interest rates, an investor interested in earning income should use some of his savings to buy

a)

stocks paying dividends

b)

fdgdg

c)

dfgdgfdfg

d)

dgdfgdfgdf

32.

Dollar cost averaging is used for investing in

a)

stocks

b)

jghghjgjghk

c)

hgfgdhdgh

d)

ghdhfgdghgf

33.

Last year, a person had three car accidents that resulted in the insurance company paying $3,000 for car repairs because of the person's diving history, his yearly premium will most likely

a)

be increased

b)

fghfghfghfgh

c)

dhhgfhgf

d)

ghfghfghfhg

34.

When an employee has money deducted from his paycheck to deposit into his employer's retirement plans, the employee is contributing to his

a)

401k plan

b)

fjgdfgjdhjg

c)

jfgddfjgdjg

d)

jfgdjgdfjgdgfj

35.

Credit card companies are allowed to

a)

decrease credit limits without giving advance notice

b)

jfgdjgdjgfd

c)

fjdgjdfjg

d)

jfgdjgdjgd

36.

How does having a savings account help a person's financial wellbeing

a)

it enables a person to save for major purchases

b)

ghfghf

c)

hfdhfdfhd

d)

hdggdhgd

37.

Redlining is illegal because it

a)

is a discriminatory practice

b)

ghfghfghhd

c)

hfdhdfhdhddhhd

d)

djhfdjdfdrtd56

38.

Employment, collecting rent, owning a business, and making a profit on selling a collectible are examples of

a)

Income generated from a variety of sources

b)

sfrgerytseg

c)

fdjgdffgjdfgj

d)

djgdjgfdgj

39.

A recession is characterized by

a)

high unemployment

b)

jgfdgjfd

c)

gjfdgjfdjgfd

d)

djgfdgjdjgfdghj

40.

A person who is planning to retire can receive income from all of the following sources EXCEPT

a)

term life insurance

b)

gfdfgjdfgj

c)

jfgdfgjdjg

d)

jfgdjfgdfjgd