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OCS Civics Module 8 Post Review Flashcards | StudBud
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OCS Civics Module 8 Post Review
OCS Civics Module 8 Post Review
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Flashcards
18 cards
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Questions
18
Answers
1
Look at the chart below:
The investments in Column A are more riskythan the investments in Column B
The investments in Column A are less risky than the investmentsin column B
The investments in Column A do not earn interest.
2
Which investment tool offers low interest rates but allows you to begin saving with a low minimum deposit?
Basic savings account
Mutual Fund
Certificate of deposit
3
If your credit or debit card is lost or stolen, you should immediately report it to the
Securities & Exchange Commission
Bank or credit card company that issued the card
Local police
4
Kayla is a student who received her first credit card. How can she use her credit wisely and build a good credit score?
By opening many credit card accounts in a short amount of time
By using her credit cards to build debt
By making her credit card payments on time
5
Look at the question below.
Robbery
Identity Theft
False advertising
6
Which federal agency monitors the stock market and the stock brokers who buy and sell stock?
The Securities and Exchange Commission
Federal Deposit Insurance Corporation
The North Carolina Attorney General
7
Allison takes classes at her local college. What is MOST often the result of additional education and training?
Higher cost of living
Higher income
Fewer job opportunities
8
_____ are protected by the Better Business Bureau, the Federal Trade Commission, and the North Carolina Attorney General
Banks
Business owners
Consumers
9
Which purchase would most likely require the use of a loan?
A house
Clothing
Food
10
The Federal Deposit Insurance Corporation (FDIC) protects consumers by
Insuring commercial bank deposits
Investigating fraud
Monitoring the stock market
11
In which situation would the Better Business Bureau help a consumer?
When a consumer’s identity has been stolen
When a business has cheated a customer
When the stock market crashes
12
_________________ are scams that usually attract investors with promises of high returns and little risk.
Identity thieves
Ponzi schemes
Bankers
13
Which of the following taxes are deducted from an employee’s gross pay?
Social Security & Medicare Taxes
Federal Income Taxes
State Income Tazes
All answers fit
14
Which of the following is a measure that tells lenders like banks how likely you are to repay a loan?
Interest Rate
PIN number
Credit Score
15
Examine the following budget:
She saved too much money.
She spent too much on clothing and entertainment.
She spent too much on utilities.
16
Look at the question below
Savings
Fixed Expenses
Variable Expenses
17
What is one advantage of paying for purchases with a credit card instead of a debit card or other cash payment?
The ability to pay for purchases over time
Increased security
No opportunity to overspend or go into debt.
18
Which of the following is an example of a fixed expense?
Gas
Utilities like power
Mortgage or rent