The quantity of goods or services that consumers are willing and able to buy is called:

A business can be established as a _________________

When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement from the bank, which action is it appropriate for the person to take first?

Sally’s health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of her medical bills. This policy provision is the

What is a unit of ownership in a company?

Which is a document that defines how assets will be distributed after a person dies?

Another name for “straight bankruptcy” is:

________ is the amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays interest.

What is the formula for computing simple interest?

Which economic system does the U.S adopt?

What is the amount of annual pay that you will earn for your labor?

The total value of all goods and services produced in a country during a year is called:

Pat has a savings account and a car loan from a not-for-profit financial institution owned by its members. She is probably a member of what type of financial institution?

The only type of life insurance that does not develop a cash value is

When you realize your account contains insufficient funds but you write a check anyway you are____?

Which federal organization is responsible for making monetary policy decisions affecting the national economy?

This is used to record checking account transactions:

An average family spends 22% of its income for food. If a family’s income is $26,000 per year, what amount will they spend for food?

What is the deadline to file your federal income taxes?

Which financial product typically pays the highest rate of interest?

Duane earns $3.50 per hour plus tips. Last week, he worked 40 hours and made $125 in tips. What was his gross pay for the week?

_______________ is interest computed based on the amount borrowed or saved (principal) only.

What is the cost of credit, expressed as a yearly percentage?

What is the total pay before any deductions are subtracted called?