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Banking Review
Capital Gains
Which is not a Financial Risk
Banking Review
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Answers
1
Which is not a Financial Risk
Liquidity Risk
Inflation Risk
Economic Risk
Corporation Risk
2
Capital Gains
Gained dividends
Increase in profit
Refunded Taxes on Real Estate
Taxed on profit from an investment
3
not-for-profit cooperative
credit union
insurance co.
mutual fund
savings and loans
4
Which Financial Institution's goal is to earn money?
Credit Union
Bank
Savings and loan
Mutual Funds
5
Each person has what the other person wants so the exchange is fair
Map of Wealth
Standard of measurement
Scarcity
Double Coincidence of Wants
6
How should we respond to Un-Ethical Behavior in the workplace
Call the Police
Report it to your boss
Write it down
Share it with a coworker
7
Three Types of Income
Budgeted, Income, Reserved
Spent, Saved, Invested
Lots, Little, None
Passive, Portfolio, Earned
8
Which is NOT a types of Business Ownership?
LLC
Franchise
Corporation
Partnership
9
What is the meaning of Financial Literacy?
Feeling comfortable enough to discuss, plan, and understand your finances.
Reading Books about Finances
Researching all Financial Textbooks in a college library
Being Employed as a Finance Teacher
10
Responsibilities of an Insurance Claims Representative does not:
evaluate details
investigates requests
approve or deny payments
secretarial duties
11
Bookkeeper Responsibilities:
Works on Loans and mortgages
Writes company policies
Keeps track of financial records
Supervises the Financial Department
12
Which Investment is protected from inflation?
Gold
Assets
Stocks
Real estate
13
the higher the risk, the higher the potential reward
Retirement Options
Risk vs. Return in Investing
Financial Markets
Savings
14
Which is Not a Type of Financial Institution
Insurance Co.
Savings and Loan
Bank
Credit Union
15
Money must have 4 Characteristics. Which is NOT ONE OF THE 4
Scarce
Reliable
Divisible
Portable
16
When you spend more than you make, you have which problem?
Late Bills
Insruance Fraud
Cash Flow
Weight Gain
17
Working in Finance allows you to...
help businesses hire employees
helping industry, businesses, and people manage their money
manage the details of building banks
help people buy a house
18
Which is an advantage of forming a Corporation?
Very Little Money
Taxed Twice
The owner is in Charge
Limited Liability
19
What is an expense you can't survive without
Variable Expenses
Monthly Expenses
Discretionary Expense
Fixed Expense
20
What is a Good Debt-to-Income Ratio?
100%
75%
26%
50%
21
what type of interest grows with both the initial principal and the accumulated interest
accured
Simple
Taxed
Compound
22
Pick an example of good vs bad debt
Student Loan & Mortgage
Visa Card Debt & Master Card Debt
Checking vs. Savings
Mortgage & American Express Debit
23
Insurance Companies provide...
Assets and Liabilities
Stocks, Bonds, Mutual Funds
Financial Protection, Banking Products
Financial Literacy tutoring
24
Which of the following is the definition of Ethics
system of principles or judgments
set of moral standards
Confusing and Dishonest behaviors
deeply held beliefs
25
Which is not a SMART Goal
Attainable
Specific
Reasonable
Measurable
26
Comparing how much you owe each month to how much you earn:
Financial Literacy
Savings and Loans
Debt to Income Ratio
Snowball Effect
27
Don't have to pay Capital Gains on this investment
Corporate Bonds
Annuities
Common Stocks
Real Estate
28
The exchange of goods and services without money
Banter
Barter
Payment
Withdrawal
29
Accounting Equation ( ________ = Liabilities +___________)
Liabilities, Assets
Debit, Credit
Assets, Owners Equity
Assets, Capital
30
What is Globalization?
Investing in Google Earth
working around the globe
businesses travel internationally
businesses have international influence
