The Most common relationship between risk and return in investing can be stated as:

higher risk indicates higher return

Most common Fraud. Duped into revealing Personal info

Bankruptcy is a legal process through which people cannot repay debts

Which of the following paycheck withholdings is for Payroll tax

Social security and Medicare Taxes

Which Paycheck deductions are required from your pay stub?

Federal Income tax, State Income tax, Social Security, and Medicare

A form of lending to a company for Low investment risk

Paying Minimum Payment on a credit card every month will:

make the final amount paid substantially higher than the amount

Tax Paid out by anyone who earns an income

What are Capital Gains?

unearned income received from the sale of an asset above its purchase price

What is Social Security

Federal program 4 Benefits to retired, disabled, unemployed

Solid B in Mrs. Boyack's Class, Solid A in Mrs. Boyack's Class, solid C in Mrs. Boyacks Class

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Duplicate of FINANCIAL LIT Mid Term

21 termsStudBud Administration911 plays

Financial Literacy game for student's review.

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Questions 21

Answers

1
The Most common relationship between risk and return in investing can be stated as:
Higher risk indicates lower return
lower risk indicates higher return
higher risk indicates higher return
NO relationship exists between risk and return
2
What does consume mean?
goodies
to purchase goods
I have no idea!!
to sell goods
3
Phishing is?
Like fishing Catching a Fish
Gathering information on a W-4
Identifying Fraud
Most common Fraud. Duped into revealing Personal info
4
What is Bankruptcy?
Have no Assets
Banks that are outside of America
Bankruptcy is a legal process through which people cannot repay debts
A bank that has erupted
5
Which of the following paycheck withholdings is for Payroll tax
Excise Taxes
State Taxes
Federal Taxes
Social security and Medicare Taxes
6
Which Paycheck deductions are required from your pay stub?
Social security. medicare, federal income tax, and workers' compensation
Federal Income tax, State Income tax, Social Security, and Medicare
Federal Income tax, State Income tax, workers compensation & life insurance
Social Security, Medicare, life insurance, and health insurance
7
The rise in the General level of prices
The consumer price index
Inflation
The unemployment rate
interest rates
8
What are Bonds?
Futures, Options collectibles for Investing, High Risk
A fund that supports commercial property , High risk
An Agreement with a bank, your Word to them
A form of lending to a company for Low investment risk
9
Paying Minimum Payment on a credit card every month will:
help the cardholder create a plan for paying off a credit card fast
allow the cardholder to avoid paying any interest charges
pay a large percentage of the total balance owed each month
make the final amount paid substantially higher than the amount
10
What is Income Tax?
Monies given to those in need
Tax Paid out by anyone who earns an income
Tax on your spending allotment
Monies paid to the bank
11
"https" Means Secure on the internet
False
True
12
Consumer spending is likely to rise when:
Interest rates are low
Taxes rise
Unemployment is high
People are putting more money into savings account
13
The Day for filing taxes is
April 1
April 15
Anytime before the end of the year
April 28
14
What high school did Mrs. Boyack go to?
Springville HS
Durango HS (LV)
Spanish Fork HS
West Jordan HS
15
A common advantage of using credit is:
lower cost for items purchased
Helps to Build Credit
less impulse buying
lower chance of overspending
16
What are Capital Gains?
unearned income received from the sale of an asset above its purchase price
The share of profits of bonds
A fee charged for the use of property
The goal diversification of higher returns on investment and risk of return
17
What is deprecation?
all assets are set as a value of return
To not appreciate the value
a decrease or loss of value
a measure of loss
18
What is Social Security
A tax for the unemployed and elderly to pay
Security monies for children
A social program for our Countries Security
Federal program 4 Benefits to retired, disabled, unemployed
19
Good Luck!! I have a
Solid B in Mrs. Boyack's Class
I GIVE UP
Solid A in Mrs. Boyack's Class
solid C in Mrs. Boyacks Class
20
To build a credit history a person should:
pay bills promptly
all of the above
establish a steady work record
Pay Credit off every month
21
A tax-deferred investment and saving plan that is for retirement for employees
401 K
W-2
Identify specific job opportunities
Interview for available positions

Duplicate of FINANCIAL LIT Mid Term Flashcards | StudBud