CHAPTER 10 TEST REVIEW

Who has shoes designed in the US but assembled in Asia?

What is the amount of money you have to pay out of pocket before the insurance company pays for your prescription?

Assets that have liquidity are

"There is no free lunch" means?

Why are Federal Reserve Banks called "banker's banks"?

All of the following are benefits of budgeting except

What do we call non-profit cooperatives that provide banking services to their members?

Which of the following decisions will guarantee that a person will make money in the stock market?

Certificate of ownership in a corporation

What will your "creditworthiness" be based on?

What do we use price per unit for?

All of the following are types of insurance people carry "except"

Technological developments in banking called the.......is replacing magnetic strip technology.

You can easily carry money in a pocket or purse. This reflects what characteristic of money?

The FDIC is responsible for insuring your deposits in a bank up to?

What do we call an amount of money that is given to a student based on financial need and does not have to be paid back?

The risk of ending up with a never-ending loan is one of the disadvantages of using

Which type of card allows you to withdraw cash from your checking account from an ATM?

Which of the following is an example of a barter system?

Which of the following is NOT an advantage of leasing a car?

What do we call the money that a bank must keep on hand to backs up deposits?

Which of the following is a DDA?

What are Federal Reserve Notes?

Which of these can cost you money in large interest payments?

What determines the interest rate adjustment if you have an adjustable rate mortgage?