OCS EPF Questions Exam Review Game (1-6)

Which type of mortgage will not change over time?

The best estimate of revenue & expenditures to help guide financial choices in a future period is called:

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

Common form of marketing companies use to connect with potential customers by making phone calls:

What type of expense is your water bill?

In order to be paid automatically by your employer, you must give them a voided check. This is called:

What is an example of a fixed cost?

The amount of money needed to cover basics such as housing, food, taxes, & healthcare is called:

What would Congress do with its fiscal policy if the US began to experience a recession with high unemployment?

In a market economy, who makes economic decisions?

In-state tuition is __ than out-of-state tuition.

How do banks make most of their profits?

In economics, when a buyer agrees to a price & pays a seller that price for a good or service:

This kind of company can provide financial protection during emergencies, such as hurricanes.

Which is the best example of an export?

Type of crime when personal or financial info has been compromised and used to commit fraud.

Name given to people who are experts in a certain field that use social media to educate others:

Overall name for forms of electronic communication through which users create online communities to share info & ideas:

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

__ is the setting aside for a purchase in the near future through savings accounts, money market accounts, etc.

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

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

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

FICA (Federal Insurance Contributions Act) supports two core federal programs:

An advantage of Federal student loans is:

Name of publication by a nonprofit organization that evaluates products & services and publishes findings:

A balanced budget is achieved by the government whenever government:

This term refers to system of exchange where you directly exchange goods and services; no money is ever used.

3 sections in a paycheck are: amount paid; amount of deductions, and __.

Shares in the ownership of a company: