FINANCIAL LITERACY

If the value of one’s house increases, all the following will most likely rise EXCEPT:

Federal income tax brackets can be impacted by which of the following?

When one is seeking to purchase a product at a store, what additional cost must be paid?

Sales tax amounts are generally established by which of the following?

Using the simple interest formula I=prt , calculate the interest earned on $150 after one year at a 6% return rate. 

Which of the following positions can confirm signatures to a contract?

A certificate of deposit (CD) differs from a traditional savings account in what way?

Which of the following will be paid for as part of the escrow funds included in a mortgage loan? 

Rent-to-own agreements can negatively impact consumers because:

When one party to a contract does not do what the contract requires, the individual has committed what of the contract? 

Which purchasing card removes funds from one’s checking account almost instantly after one makes a purchase?

Which of the following investments is characterized following:Insured by FDIC,NCUALowest interest rate of all investment

Which is a financial institution that handles money, keeping it safe for saving or commercial purposes?

Which mortgage loan helps individuals who have a low credit score, little cash for down payment, & first time home buyer

When eating at a restaurant, one must consider what additional costs to the price of their meal and sales tax?

Which of the following types of insurance helps pay for stays in a nursing home?

While inspecting a banking/credit statement & there's several charges you did not make, you are likely a victim of?

The Rule of 72 is used to calculate what?

When one invests in a commodity, they are investing in a what?

Banks offer the service of a safety deposit box, which can be used for what?

Which of the following is the form employers use to determine how much tax to deduct from a paycheck?

Which of the following is the typical amount of time in which a borrower must pay off a mortgage loan?

Which type of insurance assists in covering medical expenses associated with short-term illness and accidents?

Which of the following is the correct sequence in the formation of a contract?

Which of the following practices does not lead to a higher car insurance rate?

When one receives a product or service now, but pays for it later, it is known as what?

What is the term used to describe interest earned on interest gained?

When seeking to open a bank account, which of the following is needed?

When the federal government raises interest rates, which is generally impacted positively for a consumer?

Which of the following is an advantage of maintaining a good credit score?

When choosing between a bank or credit union, which is an advantage credit unions generally have in comparison to banks?

Which investments is characterized by these traits: RiskyOwnership in a corporationPays dividendsPotential reward high

Which of the following is the term for a person who relies on someone else financially?

Which of the following statements best describes gross pay?

When planning one’s personal budget, a variable expense is what?

The purpose of an umbrella insurance policy is best summarized as what?

Which allows a customer to pay a deposit on an item, and then not receive the item until the balance is paid in full?

When receiving a mortgage loan, if an individual cannot make a large down payment, they will have to pay for what?

Which form an employer gives to an employee to inform them of how much money was deducted from paychecks in a year?

All of the following are advantages of bundling insurance EXCEPT what?

Which investments is characterized by these traits: Investor loans money to city, county government, safe investment

All the following are examples of installment loans EXCEPT:

The total money one gets to “take home” from a paycheck after taxes and deductions are taken out is known as what?

If one spends more money than they have in their bank account, they are charged a what?

Which financial institutions may a person visit to get money from check if they do not have a traditional bank account?

The phrase “balancing a checkbook” refers to which practice?

Which of the following best describes the concept of APR?

Which financial institutions is criticized for targeting people in poverty/vulnerable populations through high rates

Which type of insurance provides income to people who depend on a wage earner after the wage earner dies?

Which of the following practices could negatively affect one’s credit score?