Consumer Ed Final Exam Review

Which of the following is a saving option that has the least risk?

The manufacturer's suggested retail price listed on a new car's window is the

Which of the following is not a document you need to complete your 1040 tax form?

What is FICO?

The W-4 form

A deposit paid by a homeowner as proof of intention to buy at the price stated in the offer is the

Profits earned from selling stock at a higher price than what you paid for it is called?

This type of bank account allows you to access your funds immediately for purchases.

Which of the following is an advantage of owning a home?

The more dependents you claim

An insurance contract is a

An amount you pay for a loss before the insurance company pays anything is called

Which type of stock is a well established large company with a slow steady profit and low risk?

A formal request made to an insurance company for payment of a loss is a

The regular payment required to purchase insurance is the

The total amount a borrower must pay for a loan is

Which of the following is not one of the 5 Characteristics of Free Enterprise?

Which of the following counts as income on your tax form?

A group of investments owned by many investors and managed by investment professionals is called a

Which of the following is not a disadvantage of renting?

How many Federal Reserve Banks are in the United States?

Taxes are withheld from employees paychecks

Which of the following is a way to earn a return on a stock? Select all that apply.

Which of the following is not an advantage of using a credit card?

The major way that a bank earns income is...

Which of the following is NOT a duty of the Federal Reserve Bank?

Which type of stock is usually a smaller company that has potential for large returns?

Which of the following is NOT a method the Fed uses to increase or decrease the money supply?

Typically, how much should you have in your emergency fund?

What are the two main costs in using a credit card?

Government agency that protects consumers from dangerous products that are not food and drugs

Which of the following is a type of mortgage where the rate goes up and down with the market?

When is the best time to get the best value for a car?

Which of the following is not something that might affect your car insurance?

A percentage of the purchase price of a home that a borrower pays up front is the

A record of your past borrowing and repayments is

The amount of tax your owe depends on

What is the first rule of borrowing?

A measure of your creditworthiness, often computed as a numerical score, is called a

The federal government receives most of its income from

A law that requires all banks to calculate credit costs in the same way and show the APR is the

The finance charge calculated with all compounding factored in is called

Which of the following is NOT a way to increase the flow of money into the economy?

Property pledged to back a loan is

Which of the following is not a website that could give you a MSRP and dealer cost for an automobile

Distributing funds among a variety of investments to minimize overall risk is called?