WorksheetsMoneyPower: Money, Intro Finance (10 Questions)
Total questions: 10
Worksheet time: 5mins
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Fiscal policy
Proposing legislation
Monetary policy
Regulations
Purchases made with your debit card are usually:
Deducted immediately from your checking account
Deducted from your credit card balance
Added to your credit card balance
Put on your credit card bill as a cash advance
Money in the United States includes:
Gold
Checking account balances on which checks can be drawn
Barter
Diamonds
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get 25fromSusan′sbankaccount.Mariewithdrew 100 instead of the agreed to 25.HowcanSusangetthe 75 back?
Demand the ABC Credit Union reimburse her for Marie's unauthorized transaction
File a complaint with the Federal Reserve Board to reimburse her for Marie's unauthorized transaction
Demand that the bank where Marie has her checking account reimburse her for Marie's unauthorized transaction
No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
Money for saving, investing, or spending cannot be from:
An inheritance from someone who has died
Discretionary income or a gift of money
Capital gains from a sale of stock
Identify the background color of a U.S. $5.00 bill.
Orange
Blue
Green
Yellow
New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the:
Treasurer of the United States
Secretary of the Department of Treasury
Federal Reserve System
U.S. Federal Mint
A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question first?
Will I find a balance between financial rewards and personal satisfaction from work?
How many people do I know who work in this field?
Once I train for this area, how long before I will be at the top of the field?
Are there people in this field who are dissatisfied with their jobs?
Which statement best describes the relationship between a person's educational level and that person's potential earning power?
Education has no effect on a person's potential earning power
A person with a professional degree is likely to earn at least four times as much per year as a person who did not complete high school
Attaining a higher educational level affects the earning potential only for people over 40 years old
Attaining a higher educational level decreases potential earning power
When money is not used and goods and services are exchanged for other goods and services, this system is called:
Credit
Money
Barter
