B285 Consumer Ed Final Review

Form that shows summary of wages and withholding for the year. Must be mailed to you by 1/31

If the cardholder was to pay off the entire credit card bill, how much would be paid?

The market price of a share of stock is determined by the ___ for the stock.

Total value of production in a country in a year

What you give up when you buy a product or a service over another product or service.

These expenses are the same each month

Temporary life insurance

Purpose of security deposits

Implied warranty

Rent is an example of

What does the consumer price index show?

These expenses are estimated

When the demand for an item is equal to its supply, the ___ price is set.

Form that we complete with the number of allowances; used to determine withholdings.

Market economy

Results when a person or business cannot pay their debts.

What is the minimum monthly payment due?

The 3 types of check endorsements

When you buy ___ you are a shareholder and a part owner of the company.

Requires lenders to tell the APR, allowing the comparing of lenders

Safest way to endorse a check you want to deposit

If price goes up, quantity goes down (consumers)

When corporations choose to share part of the profits with their stockholders.

Which of these agencies is not a federal agency?

Contract for rental agreement

A ___ tax claims a greater percentage of money from those with lower incomes.

If you don’t pay for an item purchased on credit, the creditor can ___ your item.

What type of economy exists in the U. S.?

Real estate is considered a liquid investment.

What’s the maximum amount of credit the cardholder is allowed to use at any given time?

What was the last dividend paid to Coca-Cola’s shareholders?

Insures others because it’s your fault

Advantages of home ownership

major disadvantage of using credit cards

Health insurance for seniors (65+)

How much credit is currently available to the cardholder?

What traditional date must tax returns be postmarked by?

If price goes up, quantity goes up (businesses)

What was the highest value that Coca-Cola traded for over the past year?

Stock of a large, well established and financially sound company.

The spending of a person’s income is based on ___ expenses, ___ expenses, and ___.

Deceptive and illegal advertising that baits the consumer with a low price and then switch it.

What was Coca-Cola’s value at the close of the previous trading day?

A ___ balance checking account will charge you if your balance drops below a certain amount

Health insurance for poor people

Stretching out the repayment of an installment loan makes monthly payments

Which of these steps is in the budgeting process?

Groceries is an example of

What is a credit union?

Which type of investment is the most liquid (how quickly it converts to cash)?

Owning different types of stocks of companies in different markets.

Command economy

Mixed economy

Group health insurance is usually ___ expensive than an individual health insurance policy

When speaking of investments, the ___ the risk, the ___ is the potential for earnings.

Covers damage done to your car in an accident

Compound interest

Simple interest

If someone else uses your credit card, you are liable for no more than ___ of the charges.

Co-insurance requires a person pay a ___ of the medical costs.

Stockholders _ guaranteed to receive a certain amount of interest on their investment each year

What is the stock symbol for the Coca-Cola Company?

A check that the bank has not recognized or cleared

Identify problem Brainstorm Evaluate solutions Select best solution Evaluate decision

Company electronically deposits your check into your account.

Covers property damage to someone else’s property if it’s your fault

A subprime loan has a ___ interest rate and is offered to borrowers with ___ credit scores

Income recognized by the government and taxes.

When more sellers enter a certain market, what happens to prices/profits among all sellers?

Permanent life insurance for life (more expensive)

Federal Income Tax is considered to be ___ and ___

Check written that exceeds the checking account balance.

Covers damage done to that is out of your control

The greatest amount of revenue on the local level comes from

Uninsured/underinsured motorist coverage

What does the co-signer of a loan agree to do?

When you buy ___ you are actually loaning money to the company from which you bought them.