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Personal Finance Unit 4 Flashcards | StudBud
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Personal Finance Unit 4
Personal Finance Unit 4
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Flashcards
23 cards
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Questions
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Answers
1
Which involves scanning a payment card for account information?
dumpster diving
hacking
skimming
phishing
2
Which involves looking through trash for sensitive information?
phishing
skimming
dumpster diving
hacking
3
scam that promises unusually high payouts; uses money of newer investors to pay older ones.
Pyramid Scheme
Advance Fee Scam
Ponzi Scheme
Pump and Dump
4
Which is health insurance for low income individuals and families?
WIC
Medicaid
CHIP
SNAP
5
involves a "buy in" or "membership fee" and promises to make large sums of money quickly.
Pyramid Scheme
Ponzi Scheme
Pump and Dump
Advance Fee Scam
6
Who regulates the stock market?
CFPB
FTC
FDIC
SEC
7
Which involves a text or email posing as a legitimate company?
phishing
dumpster diving
skimming
hacking
8
Who insures your funds in a bank?
FTC
SEC
CFPB
FDIC
9
Which of the following would cause a person to be ineligible for unemployment insurance?
is currently looking for work
got fired for work performance reasons
has been receiving unemployment insurance for 4 weeks
lost their job by no fault of their own
10
The U.S. Income tax increases as a person's income increases. This is a __________ tax.
progressive
regressive
proportional
excise
11
Toll roads are examples of the _________ principle of taxation
ability
progressive
benefit
excise
12
Which is nutritional assistance for low income women and infants?
Medicaid
WIC
SNAP
CHIP
13
"You make a lot of money... you can afford to pay those taxes!" describes the
benefit principle
property principle
ability principle
proportional principle
14
Which is nutritional assistance for low income families?
CHIP
Medicaid
SNAP
WIC
15
States that have high rates of tourism can benefit greatly from a higher __________ tax.
sales
income
progressive
property
16
fraud that involves inflating the price of stock through false, misleading positive statements
Ponzi Scheme
Pump and Dump
Pyramid Scheme
Advance Fee Scam
17
collected at the local level and is spent on education, law enforcement, or healthcare
excise
property
income
capital gains
18
Which is health insurance for children?
SNAP
CHIP
WIC
Medicaid
19
Which law attempts to prevent risky lending behaviors by banks passed after the 2008 recession?
Truth in Lending Act
Fair Debt Collection Practices Act
Fair Credit Reporting Act
Dodd-Frank Act
20
Which Constitutional amendment established the income tax?
17
16
21
15
21
Who would you report false advertising or fraud to?
CFPB
FDIC
SEC
FTC
22
A tax that is the same percentage regardless of income is called a ______________ tax.
regressive
proportional
property
progressive
23
What forces lenders to reveal certain information, such as a APR and total payback amount?
Truth in Lending Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
Dodd-Frank Act