Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
MM Fall Final Study
Study Guide for Fall Final Exam
| Term | Definition |
|---|---|
| subsidized student loan | A loan on which you pay no interest until you have graduated or you are no longer enrolled in school |
| unsubsidized student loan | A loan that starts charging interest from the time the loan is made |
| cover letter | The letter that serves to introduce you to a prospective employer |
| entrepreneur | A person who takes the risks of being self-employed and owning a business |
| profit sharing | A benefit that allows employees to share a portion of profits of the business |
| dependent | A person who depends on you for more than half of his or her support |
| inflation | An increase in the general level of prices of goods and services |
| trade-off | Giving up one option in exchange for another |
| liabilities | Debts that you owe |
| financial plan | A set of personal and financial goals you want to accomplish, along with steps & a timeline for reaching these goals. |
| financial planner | A professional consultant who provides financial advice |
| long-term goals | Goals that typically include what you want to achieve more than five years from now. |
| endorsement | A signature with or without instructions, written on the back of a check |
| withdrawal | Taking money from your account |
| Rule of 72 | A rule that provides a quick formula for computing how long it will take to double money invested at a give interest rate. |
| True | By insuring deposits in banks the FDIC helps to promote public confidence in the U.S. financial system |
| False | Reflation is the opposite of inflation |
| True | The amount owed on your credit card is an example of a liability |
| False | Generally, during the first year of self-employment, a small business owner can expect to work fewer ours and receive a higher salary than if he or she were employed by a large corporation. |
| True | Debit cards carry all the same protections provided with credit cards |
| True | The stage of the business cycle at which the economy is as robust as it can get is called peak |
| False | Online-only banks are subject to the same laws and regulations as traditional banks, but online-only bank accounts are not insured by the FDIC |
| True | In today’s workplace, communication is one of the most important soft skills |
| True | With e-filing, refunds may be received much more quickly than when a paper tax return is filed. |
| True | Salaried workers usually do not keep time cards or count hours worked and do not receive overtime pay. |
| True | If you cannot answer a question on a job application or if it isn’t applicable it is acceptable to write N/A on the answer blank |
| True | Higher productivity lowers the cost of each unit produced. |
Created by:
mrstephens
Popular Finance sets