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Fin Mag

QuestionAnswer
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the US Treasury Department
A blank endorsement on a check Creates a check that can be cashed by anyone
Which financial product may pay a dividend? Common stock
How can individuals be prepared for losing their job or having a large medical expense? Save at least three months of income
"The Fed" is short for: The Federal Reserve System
Which of the following is considered to be open-end credit? Department store charge cards.
A credit card finance charge is: The dollar amount it costs to use credit
The decision to give an applicant credit is made a creditor
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? Use a random selection of letters and numbers
Discretionary income is The difference between your total income and your essential living expenses
The term that best describes money left over after paying taxes, fixed and other essential living expenses, is: Disposable income
Which of the following careers would be possible choices for someone interested in money and finance? Insurance actuary
A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that dividend, this means that the $2.00 will go toward buying more of the same stock.
The interest earned on United States Series EE Savings Bonds is A: exempt from state and local taxes.
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the brokerage firm is lending the investor 50% of the money.
What is the largest equities market in the world? New York Stock Exchange (NYSE)
Which investment would you choose today if you believe interest rates will go up? Short-term savings instruments
he only type of life insurance that does not develop a cash value is Term life insurance
Why is term life insurance usually the least expensive type of life insurance? death benefit
Created by: macysummer
 

 



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