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Wise Pretest Stoltz Flashcards | StudBud
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Wise Pretest Stoltz
Wise Pretest Stoltz
20 terms
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StudBud Administration
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Personal Finance questions to assess student's knowledge coming into the semester.
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Taxes
paid when purchases are made on a specific good, such as gasoline and cigarettes.
excise taxes
tariff taxes
use taxes
sales taxes
2
Insurance is a form of this type of management used to hedge against the possibility of loss.
Claim
Job
Adjustment
Risk
3
If Pete owes creditors $10,000 but has a net worth of $120,000, Pete has a:
high debt to net worth ratio, which is bad
low debt to net worth ratio, which is good
4
A certificate that means you have a fraction of ownership of a business.
Dividend
Stock
CD
Bond
5
Type of interest that allows you to earn interest on both principle and interest earned.
Simple Interest
Compound Interest
Annual Percentage Rate (APR)
Prime Interest Rate
6
An investment program that trades in diversified holdings and is professionally managed.
Mutual Funds
Shares of Stock
Investment Plans
Bond Certificates
7
A 3 digit number based on an analysis of your credit files, to represent your creditworthiness.
Credit Score
Credit Rating
Interest Rate
Payment History
8
The amount one receives after taxes and deductions have been withheld during a pay period.
Gross Pay
Garnishment Pay
Aggregate Pay
Net Pay
9
The number of years required to
double your money
at a given interest rate is known as
rule of 52
rule of 72
rule of 62
rule of 42
10
A bounced check means that a check cannot be processed because:
The customer has overdraft protection
The check is made of rubber
The bank ran out of money
There is is non-sufficient funds (NFS)
11
Tool used by the Fed to slow inflation and to boost the economy in times of recession.
Monetary Policy
Economic Policy
Legislative Policy
Fiscal Policy
12
Which bank account is the most liquid (easy to get to your money).
Certificate of Deposit (CD)
Checking
Money Market Account
Simple Savings
13
Insures bank deposits for up to $250,000.
CFPB
SEC
Fed
FDIC
14
Filled out when starting a new job, to let employer know how much to withhold on paycheck.
W-2 Form
1099 Form
W-4 Form
1040EZ Form
15
A financial institution that is member owned and is non-profit.
Investment Bank
Commercial Bank
Credit Union
Savings and Loan Association
16
When this card is used to make a purchase, money is immediately taken out or your bank account.
Charge Card
Credit Card
Gift Card
Debit Card
17
Which of the following interest rates will earn you the most money if compounded daily?
1%
.1 %
.05%
.5%
18
Which of the following is a variable expense?
Health Insurance
Food
Rent
Auto Loan
19
This dog, bred from a Dachshund and a Chihuahua, is known as a Chiweenie or a
Chupacabra
Sriracha
German Taco
Sourchica
20
Which of the following is NOT used as a traditional retirement plan?
Simple Savings Account
401K
Roth IRA
Traditional IRA
