Per Fin Final Exam 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| The primary cash inflow for most adults is their: | Salary
🗑
|
||||
| The difference between what you forecast to happen and what actually happened is referred to as: | Forecast error
🗑
|
||||
| While a _______ tracks cash flows over time, a ______ shows an individual's financial position at a point in time. | Budget; personal balance sheet
🗑
|
||||
| The defining characteristic of a liquid asset is its: | Quick availability
🗑
|
||||
| Market value refers to what something would be worth if you: | Sold it today
🗑
|
||||
| To determine the market value of your car, you would be most likely to use which of the following as a guideline? | Listings on the Kelley Blue Book website
🗑
|
||||
| A(n) _______ is something that you acquire with the ultimate goal of making money: | Investment
🗑
|
||||
| People purchase _______ in a company in hopes that the company will do well and their investment will increase in value. | Stocks
🗑
|
||||
| The most common form of current liability for individuals is a: | Credit card balance
🗑
|
||||
| The initial amount you owe in a liability such as a home mortgage is referred to as the: | Principal
🗑
|
||||
| To determine your net worth, subtract ______ from _______ | The total of your current and long-term liabilities; The value of your total assets
🗑
|
||||
| Lenders often use the ________ ratio to determine whether someone has enough wealth to repay debt. | Debt-to-asset
🗑
|
||||
| Which of the following provides traditional checking and savings accounts for individuals and businesses? | Depository institutions
🗑
|
||||
| A check register is a tool for: | Keeping track of your account balance
🗑
|
||||
| Which of the following is written by a financial institution with no payee identified? | Travelers check
🗑
|
||||
| The FDIC was created by the federal government in response to: | the Great Depression
🗑
|
||||
| To achieve its goals, the Fed uses: | Monetary policy
🗑
|
||||
| ATM stands for: | Automatic teller machine
🗑
|
||||
| Which government agency or department is in charge of determining how much money is in circulation? | The Federal Reserve
🗑
|
||||
| When the Fed is concerned about inflation, it will likely do which of the following? | Shrink the money supply
🗑
|
||||
| When the Fed makes more money available, interest rates tend to: | Go down
🗑
|
||||
| Which of the following would you need to do to make sure that $750,000 worth of your deposits were insured and backed by the federal government? | Place $250,000 in accounts in three different financial institutions
🗑
|
||||
| A(n) _______ has nonprofit status and is owned by its members. | Credit union
🗑
|
||||
| Which of the following do cashier's checks, money orders, and traveler's checks have in common? | They are all paid for in advance
🗑
|
||||
| Whenever you authorize someone to automatically take money out of your account to satisfy a financial obligation, you are using a(n): | Bank draft
🗑
|
||||
| A ________ is a legal request of how your wealth will be distributed when you die? | Will
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Created by:
Traceyshea
Popular Finance sets