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Dollars & Sense Final Exam Review Flashcards | StudBud
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Dollars & Sense Final Exam Review
Dollars & Sense Final Exam Review
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Personal finance review questions with a few pop culture questions to break things us.
Flashcards
50 cards
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Practice quiz
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Questions
50
Answers
1
Which of the following is covered under a normal homeowner's insurance policy?
Flood
Volcano
Hurricane
Earthquake
2
What is the correct formula to calculate simple interest?
P X R - T = I
P X R X T = I
P X R / T = I
P + R + T = I
3
The amount of money you have to pay first when you file under a comp or collision claims.
Policy
Deductible
Premium
Beneficiary
4
These are debts that you are obligated to pay each month.
Permanent Liabilities
Deductibles
Flexible Expenses
Fixed Expenses
5
Third world countries in Africa have this type of economy.
Mixed
Market
Traditional
Command
6
This type of investment pools money together to form a portfolio of stocks, bonds & assets.
Commodity
Savings Bond
Money Market
Mutual Fund
7
Which of the following has the highest liquidity?
Retirement Plan
Real Estate
Basic Savings Account
Mutual Fund
8
The Dow Jones Industrial Average is a stock index with this many American companies listed.
100
30
50
75
9
Which insurance company is partnering with the UW to host a PGA tournament next June in WI?
All State
Liberty Mutual
Geico
American Family
10
Where should you record all of your checking account and debit card transactions?
Check register
Post it note
Check statement
Check worksheet
11
If you sell your stock for more than you paid for it, you have earned what?
Capital Gain
Capital Asset
Dividend Payment
Interest
12
This type of savings account includes a checking account but has a high starting balance.
Mutual Fund
Commodity Account
Money Market
Certificate of Deposit
13
This is the only electronic American stock exchange.
NYSE
FDIC
NASDAQ
AMEX
14
AMC's the "Walking Dead" is about...
Survivors of a zombie apocolypse
A group of young vampires terrorizing a city
Rebels in a dystopian society
Survivors of a Rapture-event, half of humanity dead
15
The FDIC insures all bank accounts up to what amount?
$200,000
$25,000
$250,000
$100,000
16
This is a calculation that determines how long it will take to double your money.
Compound Interest
Rule of 56
Simple Interest
Rule of 72
17
To earn the most interest on your account, find a bank that compounds...
Daily
Monthly
Quarterly
Yearly
18
This is the process you use in order to balance your checkbook with the bank statement.
Budget
Register
Endorsement
Reconciliation
19
What type of auto insurance would cover fixing your vehicle after hitting a guard rail?
Uninsured Motorist
Collision
Comprehensive
Property Damage Liability
20
Which group meets several times a year to set monetary policy to stabilize the economy?
The BEP
The FOMC
The SEC
The FDIC
21
This type of account is not insured and includes some level of risk.
Savings Account
Money Market
CD
Mutual Fund
22
You own 25 shares of stock & the company pays a $1.00 dividend. What is your dividend payment?
$25.00
$12.50
$50.00
$1.00
23
Which of the following is TRUE?
Banks have a select group of members
Checking accounts are not available at credit unions
Credit unions are for-profit businesses
A credit union is non-profit
24
Prince William and Kate Middleton just had a baby girl and named her after who?
Charlie (William's dad)
Princess Diana (William's mother)
Carole (Kate's mother)
Queen Elizabeth (William's grandmother)
25
This is a measure of someone's financial ability.
Character
Collateral
Capacity
Capital
26
Investing in metals, natural resources, or agricultural items are called this.
Commodities
Mutual Funds
Luxury Goods
Collateral
27
Things you own that have value are called?
Luxury Goods
Commodities
Fixed expenses
Assets
28
This type of retirement plan is only available for public employees to invest in.
403b
Roth IRA
Traditional IRA
401k
29
If you start with 100 shares, after a 2:1 stock split you will own how many shares?
0
200
100
50
30
In which film does the line “Toto, I’ve a feeling we’re not in Kansas anymore” appear?
Wizard of Oz
Indiana Jones
Twister
Back to the Future
31
This organization produces coins.
The Mint
The FDIC
The EFT
The BEP
32
If you start with a $20 share, after a 2:1 stock split the price of the share is?
$100
$10
$20
$50
33
A credit card company can charge a penalty for which of the following?
Paying off your balance in full
Paying more than your minimum payment
Not making any charges for more than 3 months
Going over a credit limit
34
If you need to visit the ER after hurting your ankle, which type of credit are you using?
Revolving
Public Utility
Non Revolving
Incidental
35
The Federal Reserve was established in this year by this president.
1865, Lincoln
1945, Roosevelt
1913, Wilson
1931, Wilson
36
This is a measure of your financial responsibility.
Capacity
Character
Collateral
Capital
37
If you are speeding and cause someone injury in another vehicle in an accident, you need
Uninsured Motorist Coverage
Bodily Injury Liability
Property Damage Liability
Medical Payments Coverage
38
This is the amount of money you bring home after payroll taxes have been deducted.
Net Pay
Dividend Payment
Gross Pay
Luxury Pay
39
The drawee in a checking account is the
The person receiving the check
Company that printed the check
The bank
Person writing the check
40
Which of the following accounts would be opened at a bank or credit union?
Certificate of Deposit
Corporate Bond
Mutual Fund
Blue Chip Stock
41
Who is this singer?
Jason Mraz
John Mayer
James Blunt
Ed Sheeran
42
Who is the replacement for David Letterman on the CBS "Late Show"?
Conan O'Brien
Jimmy Fallon
Stephen Colbert
Jimmy Kimmel
43
A credit card is considered this type of credit.
Revolving Credit
Non Revolving Credit
Public Utility Credit
Incidental Credit
44
This type of check is a guaranteed bank check, one which you have already paid for.
Cashier's Check
Traveler's Check
Certified Check
Money Order
45
Signing the back of a check with "For Deposit Only" is this type of endorsement.
Restrictive Endorsement
Full Endorsement
Blank Endorsement
Special Endorsement
46
Great advice for investors is to purchase stock in what type of market?
Full Market
Bear Market
Bull Market
Open Market
47
Which type of stock offers shareholders a voting right?
Blue Chip Stock
Common Stock
Growth Stock
Preferred Stock
48
This newly released movie includes a cameo by Clay Matthews, T.J Lang, and Josh Sitton.
Hot Pursuit
Pitch Perfect 2
Aloha
Tomorrowland
49
This is the planning document a person uses for a month at a time to create a budget.
Budget Register
Budget Agenda
Budget Planner
Budget Worksheet
50
During an awards ceremony, pulling a "Kanye West" means that you will...
Rush the stage & announce Beyonce is better
Show up wearing a big hat, shorts and a tie
Rush the stage to take a selfie with the winner
Dramatically mispronounce the winner's name
