If your debit card is lost or stolen you are liable for:

No more $50.00 if you report it missing in 2 business days

a record of transactions on your account

a non for profit company that works to benefit it's members

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Consumer Economics Unit 2 Assessment: Banking/Investing/Budgeting

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#consumereconomics #banking #investment #budgeting

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Questions 23

Answers

1
To help consumers reach their financial goals, which of the following would be the MOST helpful
create and maintain a budget
Create a stock portfolio
obtain as much credit as possible
own many insurance policies
2
A commercial bank is
a financial institution operated to benefit it's members
owned by stockholders and operated for profit
is only used for legitimate businesses
an institution that checks your credit score
3
Every company's stock has an abbreviation called it's____________
price or face value
maturity date
yield
symbol
4
A financial adviser trained to help you develop your personal investment portfolio is called an
bank adminsitrator
broker
teller
exchange specialist
5
Withdrawals and purchases on your debit card are posted to your account
immediately
at the end of the month
two weeks after the purchase
during the nest billing statement
6
An overdraft is...
Writing a check for more than your account balance
The interest you receive on your account
writing duplicate checks for a purchase
making an extra payment on your credit card
7
Which of the following is used to withdraw cash or make deposits
ATM
Check
Debit Card
Checking Account
8
Rule of thumb for investing in the stock market is to:
buy high, sell high
buy low, sell low
buy low, sell high
buy high, sell low
9
All of the following are sound financial providers except for:
credit unions
pay-day loan associations
national banks
savings and loan associations
10
If your debit card is lost or stolen you are liable for:
nothing if you report it within 48 hours
All purchases you made on the card
No more $50.00 if you report it missing in 2 business days
You must pay for all withdrawals on your card up to $5000
11
Empty question
deposit slip
check register
PIN
reconciling
12
Empty question
corporate bond
certificate of deposit
mutual fund
treasury bill
13
Tax-deferred retirement plans include all of the following except...
401K
IRA
Roth IRA
Private Checking Account
14
You sign the back of this card in the authorized signature box...
Debit Card
ATM
Checking Account
Check
15
Empty question
deposit slip
check register
PIN
reconciling
16
A bank statement is
What your bank tells the media
the bank's FDIC regulations
a record of transactions on your account
The banks mission statement
17
The Federal Insurance Corporation (FDIC) insures bank accounts up to...
$100,00.00
$350,000.00
$250,000.00
$150,000.00
18
Bank statements are compared to the check register when _________the account.
deposit slip
reconciling
check register
PIN
19
Which of the following is a legal document that functions like cash
Debit Card
Check
ATM
Checking Account
20
Debit cards require using this to access the account to perform transactions....
check register
reconciling
deposit slip
PIN
21
All of the following are legitimate types of checks except...
Cashier's Checks
Traveler's Checks
Certified Check
Certificate of Deposit Check
22
Which of the following is a common financial service that helps people manage money?
Debit Card
Check
Checking Account
ATM
23
A credit union is
used for legitimate business
a non for profit company that works to benefit it's members
an institution that checks your credit score
owned by stockholders and operated for profit

Consumer Economics Unit 2 Assessment: Banking/Investing/Budgeting Flashcards | StudBud