WorksheetsPBMF Ch 19 Quiz
Total questions: 30
Worksheet time: 24mins
A (a) (b) is a record of checks, ATM transactions, deposits, and charges on an account. (19.1)
The person, business, or organization to whom a check is written is the _____. (19.1)
(a) is purchasing a financial product or valuable item with the goal of increasing wealth over time in spite of possible loss. (19.2)
Which is the process of spreading risk by putting money in a variety of investments? (19.2)
A check written for an amount greater than the balance of the account is called a(n) _____. (19.1)
unbalanced check
great check
The assets and liabilities a person leaves when he or she dies is their _____. (19.2)
A (a) (b) is an investment created by pooling the money of many people and investing it in a collection of securities. (19.2)
Which is a type of savings account that requires a higher minimum balance than a regular savings
account, but offers a higher interest rate? (19.2)
Standard Account
Money Market Account
Basic Account
Mutual Fund
A (a) (b) is a strategy for using money to reach important goals and to advance financial security. (19.1)
A ______ is a payment order for a specific amount of money payable to a specific payee. (19.1)
mutual fund
check
debit
money order
Using a debit card has the same result as _____. (19.1)
using a credit card
writing a check
borrowing a money
saving money
Which of the following is an example of a banking service? (19.1)
Safe-Deposit Box
Loan
Special Payment Service
All of these
Which of the following is not required to open a checking account? (19.1)
Credit Report
Signature
Personal Idenfication
Social Security Number
When a customer has _____, a financial institution will honor a check even if it exceeds the account balance. (19.1)
a stop-payment order
been loyal
overdraft protection service
many accounts
Reconciling a bank statement means comparing the _____. (19.1)
check register to the checking account
check register to the savings account
savings account to the checking account
credit card to the debit card
A _____ requires a fixed deposit amount for a fixed period of time. (19.2)
basic savings account
high-yield savings account
money market account (MMA)
certificate of deposit (CD)
The portion of a company’s earnings that is paid to stockholders is _____. (19.2)
an interest payment
a dividend
an annuity
a deposit
A(n) _____ is a contract with an insurance company that provides regular income for a set period of time, usually for life. (19.2)
401(k)
401(b)
Roth IRA
annuity
A retirement program can be sponsored or started by _____. (19.2)
employers
individuals
the self-employed
All of these
A legal document stating a person’s wishes for his or her estate after death is _____. (19.2)
a will
an estate
an annuity
a Keogh plan
A (a) account is a bank account that allows the owner to make deposits, write checks, and withdraw money. (19.1)
A (a) card is a card that allows the user to electronically access account funds at an ATM and to pay for purchases from a business. (19.1)
A bank account used by depositors to accumulate money for future use is a (a) . (19.1)
A payment order for a specific amount of money payable to a specific payee is a (a) . (19.1)
A combination savings and checking account is an (a) checking account. (19.1)
The signature on the back of a check is an (a) . (19.1)
A plan to develop investment growth is a personal (a) plan. (19.2)
An (a) is a collection of securities and other assets a person owns. (19.2)
Objects purchased for the pleasure of ownership and because they are expected to increase in value are (a) . (19.2)
An individual retirement account in which individuals contribute after-tax income and qualified withdrawals are not taxed is a (a) . (19.2)
