EPF Final Exam (1-6) Review

What is one advantage of Federal student loans?

Which type of tax must you pay on the money that you earn from your job?

The best estimate of revenue and expenditures to help guide financial choices in a future period of time is called a ___

FICA stands for Federal Insurance Contributions Act and is money that the federal government deducts from each of your p

A balanced budget is achieved by the government whenever government

What term refers to a system of exchange in which participants directly exchange goods or services for other goods or se

What type of crime is described when personal or financial information has been compromised from one individual and then

What would Congress do with its fiscal policy if the United States began to experience a recession with high unemploymen

The amount of money needed to cover basics such as housing, food, taxes, and healthcare is called __________________.

What name is given to people who are experts in a certain field or craft that use social media to educate other people i

What is the name of the publication put out by a nonprofit organization evaluates products, services, and even insurance

A ____________ is a short-term financial plan for managing your money based on your income and expenses.

What is the overall name for forms of electronic communication (such as websites for social networking and microblogging

A(n) __________________ company can provide financial protection during emergencies, such as hurricanes.

How do banks make most of their profits?

Banks provide many services to their customers. In order to be paid automatically by your employer, you must give them a

According to the law of Supply, what happens to supply when price rises?

Shares in the ownership of a company.

The amount of money you have left over after you list your assets and subtract your debt.

In a market economy, who makes economic decisions?

Which type of mortgage will not change over time?

When considering which college to attend, in-state tuition is ___________ than out-of-state tuition.

What is an example of a fixed cost?

______________ is the setting aside for a purchase in the near future through savings accounts, money market accounts, o

Which is the best example of an export?

What type of expense is your water bill?

In economics, when a buyer agrees to a price and pays a seller that price for a good or service this is called______.

Paychecks contain THREE main sections - the amount you are being paid, any deductions that are being made (like insuranc

What is a common form of marketing companies use to connect with potential customers of their products or services by ma

According to the law of Demand, what happens to demand when price rises?