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WorksheetsMoneyPower: Practice Questions 10 Questions Difficult
Total questions: 10
Worksheet time: 8mins
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
US Treasury Department.
Federal Deposit Insurance Corporation. (FDIC).
State Banking Commission.
Federal Reserve Board.
The National Credit Union Administration (NCUA) insures accounts in:
Credit unions
Commercial banks
Brokerage firms
Savings banks
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
a collateralized loan.
a custodial payment.
an unsecured loan.
a sales agreement.
What is meant by an uncollateralized loan?
A loan not backed by a co-signer who agrees to cover the amount of the loan.
A personal loan without assets to cover the loan amount.
A home equity loan.
A loan taken on a life insurance policy.
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Fiscal policy
Proposing legislation
Monetary policy
Regulations
One of the benefits of holding an investment for over a year rather than selling it in less than a year is that the
As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower than expected if the
A tenant in an apartment decides to paint the hallways.
mortgage on the house is paid off.
taxes on the house are lowered.
one of the apartments is not rented.
A person owns a stock that pays a 2.00asharedividend.Ifthepersonchoosestoreinvestthatdividend,thismeansthatthe 2.00 will go toward buying
A more of the same stock.
stocks that are similar to those already owned.
preferred stock in the corporation.
bonds in the corporation.
To determine the time value of depositing $100 in a savings account, a person needs to know the interest rate and
her total income.
the rate of inflation.
whether the account is FDIC protected.
whether the bank offers overdraft protection.
For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive
A one-fifth of the $20,000 face value.
$20,000 less the premiums paid.
a calculated amount of money which includes the premiums paid as well as the interest on that money.
a calculated amount of money that must be converted to a term life insurance policy.
