Financial Planning - Semester Test Review

Thisdepartment is responsible for printing and coining money.

The totalamount you earn before deductions are subtracted.

“For depositonly” is a ____ endorsement.

Which types ofinsurance coverage can you not get through your job?

Which of the following is not a paid holiday for employees?

A booklet usedto record checking account transactions.

Things thatyou would like to have but are not necessary for survival.

Which of the following is not anexample of a service credit?

Something aperson wants to have or to achieve and is willing to work for it.

Whichdepartment is responsible for the collection of federal taxes?

Expenses thatdo not change from month to month.

Tax rate forsocial security tax deduction.

What factor isthe least likely to be considered when applying for credit? 

Comparingprices from a variety of stores before you go shopping.

The use of long term savings to earn a financial return by buying into stocks and bonds.

Usingresources effectively to achieve goals and solve problems.

Asking thecredit bureau to deny financial institutions the ability to view your creditfiles.

Pay that is earned for time workedpast the regular work hours.

A savings bondis a low risk/low return investment.

FDIC providesinsurance up to $200,000 on your accounts.

Wage and taxstatement provided to employees at the end of the tax year.

What are thecomponents of a SMART goal?

An exchange ofone thing in return for another.

The act ofmaking a choice a choice

Which of the following is not anexample of collateral?

Legal processthat relieves debtors of their responsibility to repay debts.

Expenses thatchange from month to month, depending on the choices you make.

Check writtenfor more money than your account holds.

A person whoowes someone else money.

A signature onthe back of a check giving the bank permission to cash/deposit it.

The totalamount of money you take home, after deductions are subtracted.

Use the ruleof 72. How long will it take you to double your money if you earn 12% interest?

Monthly pay is$2000.00. Use 20/10 rule to determine how much should be spent on monthly debt.

A spending andsavings plan that is based on your expected income/expenses.

A checkendorsement that only has your signature.

Aperson/company who lends money to someone else.

Something thatyou  must have in order to survive.

A goal that requires a short amount of time to complete.

“Pay to theOrder of Candace Freeman” is a _____ endorsement.

A writtenstatement of your credit history.

Whichdepartment does the US Treasury oversee?

Annual pay is$20,000. Use the 20/10 rule to determine yearly borrowing amount.

Something(material) used to meet a goal.

How manymonths worth of income should be saved in an emergency fund?

Amounts thatare subtracted from an employee’s gross pay.

Items thatrank high in order of importance to an individual.

Which SMART Component is missing? I'm saving $50 each week to save a total of $500 for a trip. 

A person whopromises to repay a debt if the primary loan holder fails to repay.

An example ofa safe investment is a certificate of deposit.

Ideas aboutwhat is right and wrong.

Taxes paid forthe ownership of land and/or buildings on the land.

Matching yourcheckbook register records with the bank statement records.

What isconsidered when applying for credit?

A goal that requires a considerable amount of time to achieve.

Amountssubtracted from your income for each person who depends on that income to live.

Money offeredto encourage employees to strive for higher levels of performance on the job.

A set of goalsfor spending, saving, and investing money.

A ____ has thebank’s stamp on it showing it has cleared through the banking system.