Moneypower.org – Flashcards

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the

Travelers checks, often used for vacations:

Which financial product has the most predictable income?

"The Fed" is short for:

What is meant by an uncollateralized loan?

Which of the following is considered to be open-end credit?

When a person brings an item to a pawnshop to obtain cash, the transaction is considered

To qualify for a Federal Housing Administration (FHA) loan, a person must generally

When a person declares bankruptcy that fact will appear on the person's credit report

Which of the following does the Federal Reserve use to regulate the nation's money supply?

Which of the following is a disadvantage of using phone cards, debit cards, electronic transfers, and ATM cards?

Which statement best describes the relationship between a person's educational level and that person's potential earning power?

Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back?

One of the benefits of holding an investment for over a year rather than selling it in less than a year is that the

A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have

A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the

A person complains about how expensive it is to be a cigarette smoker. One of the reasons cigarettes are so expensive is that

A company offers a defined-contribution pension plan which means that upon retirement the employee will receive

After five years of owning a Roth Individual Retirement Account (IRA), a person wants to buy his first home, the person can withdraw money from the Roth IRA

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

What is the largest equities market in the world?

An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks later, the investor receives notice that the corporation has approved a 2-for-1 stock split. Based on this information, the investor would own at the moment of the split

As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower then expected if the

A pharmacy is to drugs as the American Stock Exchange is to:

To determine the time value of depositing $100 in a savings account, a person needs to know the interest rate and

The cost to use someone else's money for a period of time is called the:

Which type of financial institution usually pays the highest rate of interest on savings account balances?

Who benefits the most from inflation?

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 woman has just received a very expensive piece of jewelry. The woman has homeowner's insurance. Which statement would it be most appropriate for her to make to her insurance agent?

A person buys a flat screen, plasma, theater-like television. The person has homeowner's insurance. Why would it be appropriate to add a personal property floater to that insurance?

When Jessie needs health care, she must first go to her primary care physician who coordinates her care and decides whether Jessie should see a specialist. Jessie pays $10 as the co-pay when she sees her primary care doctor. Jessie has which type of health insurance?

Generally, the higher the deductible on an insurance policy, the