Economics - Unit 5 Personal Finance Part 2

One thing people pay for when they pay property tax is

85% of Americans have health insurance. Which BEST accounts for why 15% is without health insurance?

Which of the following statements about the stock market is false?

Sylvia is seriously injured when a tornado strikes, damaging home, car, and unable to work. Which insurance LEAST to use

Savings accounts and money-market accounts are most appropriate for:

The best example of a regressive tax in the United States is

Illinois has a 3% state income tax on all earned income. What type of tax does Illinois have?

Which of the following is a good investment option?

Pays a higher interest rate, limited check writing, FDIC insured, offers benefits of checking & saving

For investments, how are risk and return related?

What is an advantage of investing in mutual funds?

Why do insurance companies charge higher premiums for high-risk individuals and events?

Company Xʹs board of directors has decided to issue a portion of its earnings to its shareholders. You can receive a(n)

What are exclusions with insurance policies?

Local governments generally receive their highest amounts of revenue from

Which statement is true about liquidity?

Which type of insurance pays an insured person an income when that person is unable to work because of accident or ill?

Which tax is paid by the MOST people in the United States?

Shawn took a loan to pay for college. Why might Shawn benefit from rapid inflation in the economy?

A retirement plan found in nonprofit organizations such as churches, hospitals and schools.

What could Rebecca do to lower her deductible?

To ensure that some of your retirement savings will not be subject to income tax uponwithdrawal, you would contribute to

A reason that people need to save and invest is to:

Which type of insurance has a cash value that can be used in emergencies?

You are purchasing your first vehicle. Which of the following factors would insurance NOT consider for cost of policy?

What is name for taxes that all homeowner's must pay?

Employee benefits packages:

The benefit of diversification in your investments is:

A tax on retail products based on a set percentage retail cost is called

Property taxes, fees, and lottery funds are all

Which investment has the least amount of default risk?

A savings account sold by an insurance company, designed to provide payments to the holder at specified intervals

Employers will match the employee contribution, but you should fund your plan whether your company matches or not.

Which investment offers the BEST combination of low risk and high return?

Social Security is an example what kind of tax?

When buying and selling investments, you should not:

Malia has decided to set aside money. She prefers to pay the least amount of taxes. Which option best suits her needs?