General Financial Literacy Final Review

116 termsStudBud Administration2,796 plays

General Financial Literacy Quiz covering Utah State Core Standards and Objectives 2015-2016 for grades 11-12

Flashcards116 cardsFPractice quizPHost liveL

Questions 116

Answers

1
an investment that is held for over a year
short term investment
long term investment
Money Market
CD
2
Free Application for Federal Student Aid
FDIC
taxes
FAFSA
NCUA
3
A sustained decrease in the average price level of all the goods and services in an economy
Deflation
Insurance
Recession
Depression
4
A financial plan used to forecast and track income and expenses.
Budget
Economics
Closing Costs
Finance
5
a form of credit that is not backed by collateral like a home or car, often used by credit card
unsecured credit
credit
APR
late fee
6
insurance designed to offer income payments for conditions making employment impossible
long term disability
the Fed
W2
short term disability
7
a risk management technique that mixes a wide variety of investments within a portfolio
Diversification
Risk
Rule of 72
Time Value of Money
8
a consumer banking technology where images of checks are deposited using smartphones
Online Bill Pay
mobile payments
C2C
Remote Check Deposit
9
money given to an organization that exists to benefit society as a whole, usually non-profit
Charitable Contribution
taxes
Entrepreneurship
Finance
10
covers the life on the insured for a fixed amount at a definite premium paid each year
health insurance
house insurance
life insurance
car insurance
11
federal law giving customers to banks the right to a measure of privacy from government search
regulation D
Right to Financial Privacy Act
equal credit opportunity act
home mortgage disclosure act
12
investor does not receive quarterly dividends directly as cash, but is directly reinvested
finance
dividend reinvestment
time value of money
IRA
13
a form of advertising in which brands are noticeable within productions for large audiences
product placement
merchandising
penetration programs
endorsements
14
Money or other funds taken in or gained from labor, business or property
inheritance
Revenue
benefits
Finance
15
a consumer banking technology where one receives payments electronically via ACH
FDIC
Direct Deposit
Pay yourself first
credit cards
16
A decline in the rate of national economic activity, for at least 2 quarters
Inflation
Recession
Depression
Deflation
17
Contract by which one pays someone else for the value of lost or damaged life or property
Limits
Coverage
Premium
Insurance
18
Member owned financial cooperative institution, where profits are shared by members an owmers
Credit Union
Bank
Insurance Company
Loan Agency
19
Money set aside tor profit - with the expectation of increased value over time
Interest
CD
Investment
Credit
20
Rate charged for borrowing money, expressed as a single percentage
Interest Rate
Beneficiary
APR
Loan
21
law protecting consumers engaged in electronic funds transfers
c
Electronic Funds Transfer Act
22
Profession or field of employment for which one trains. 
Occupation
Job
Manager
Career
23
Employees make deductions to salary. Taxed at withdrawal, not at deposit, for private companies
Roth IRA
401k
529 Plan
403b
24
Fees paid at the end of a real estate transation
taxes
Mutual Funds
Charitable contriubtions
Closing Costs
25
the process of the bank paying for charges to your account when there are insufficient funds
chex.systems
online commerce
truth in lending act
over draft processing
26
examining different brands or models of a product as well as prices before deciding to buy
Merchandising
Advertising
Product Placement
Comparison Shopping
27
an employment form completed when getting a job so employers can withhold federal income taxes
W4
1040EZ
W2
FAFSA
28
a line of credit where the customer pays a fee and is then allowed to use funds as needed
home loan
bill pay
revolving credit
default rates
29
money now is more valuable than money later - if you invest it now
Diversification
Rule of 72
Time Value of Money
Risk
30
an institution that provides money for borrowers.
loan agency
bank
insurance company
credit union
31
federal law helping promote competition between banks making it easier to compare interest rate
Regulation D
Truth in Savings Act
Community Reinvestment Act
Regulation E
32
the capacity and willingness to manage business ventures and its risk; starting a new business
Employment
Supply and Demand
Entrepreneurship
FAFSA
33
ratio used by investors to compare expected returns compared to the risks undertaken
Recession
Inflation
Risk/Reward
Investor behavior
34
interest paid or figured on the original amount of a loan
Simple Interest
Money Market
Compound Interest
Investment
35
To call attention to something, showing desirable qualities
advertising
shouting
showcasing
36
assets passed down from parents to offspring
benefits
529 plans
401k
Inheritance
37
A person who benefits from something; one who gets insurance money when policy funds go out
Beneficiary
Life Insurance
Certificate of Deposit
Benefits
38
The ability to put off the enjoyable now for something more rewarding later.
The Marshmallow
Delayed Gratification
Candy
Instant Gratification
39
an individual retirement account plan, taxed upon deposit rather than withdrawal
Money Market
IRA
Divident Reinvestment
Roth IRA
40
an investing scam promising high returns with little risk, generating returns for older investo
Ponzi scheme
bounced checks
MLM scheme
pyramid scheme
41
Monetary compensation paid for fulfillment of one's duties in a position
Wages
Salary
Occupation
Job
42
A cost of goods or services that changes in amount from week to week or month to month
Periodic Expenses
Groceries
Variable Expenses
Fixed Expenses
43
goals achievable in the immediate future, usually under one year
long term goals
short term goals
W2
intermediate term goals
44
a fixed regular payment made by an employer to an employee for unskilled labor
salary
comission
tips
wages
45
The planning and promotion of sales of products to the right market at the right time
penetration pricing
Merchandising
endorsements
Consumers
46
The largest total amount the insurance company will pay for covered losses.
Life Insurance
Grace Period
Limits of Coverage
Premium
47
protects against physical damage or bodily injury resulting in traffic collisions and liability
home owners insurance
auto insurance
health insurance
life insurance
48
US government corporation providing deposit insurance at credit unions up to 2
NCUA
401k
The Fed
FDIC
49
An approval of a product by some authority, perhaps by a celebrity or expert
customer loyalty
consumers
deposits
endorsements
50
A schedule of payments showing the amounts of principal and interest that make up payments.
Amortization Table
Roth IRA
Interest
APR
51
The study of how people use limited resources in satisfaction of their limitless wants
Economics
Financial literacy
Entrepreneurship
Supply and Demand
52
law requiring banks to provide mortgage data to the public
right to financial provacy act
fair debt collections practices act
Regulation D
home mortgage disclosure act
53
federal law limiting debt collectors attempting to collect for another person or entity
equal credit opportunity act
fair debt collection practices act
truth in lending act
home mortgage disclosure act
54
the central banking system of the united states
W2
NCUA
FDIC
Federal Reserve
55
an economic force and theory explaining the interaction between goods and their desirability
Finance
Marketing
Supply and Demand
Opportunity Costs
56
Money earned from a job or other sources
Expensess
Interest
Income
Emergency Fund
57
a tech scam that uses spam and pop-ups to deceive consumers into disclosing personal info
pyramid scheme
ponzi scheme
investment fraud
phishing
58
the buying and selling of goods over the internet
chex systems
NSF
online commerce
truth in lending act
59
Tax-advantaged savings plans for college. Utah's is called a UESP.
401k
529 Plan
Roth IRA
403b
60
financial goals taking between 1 and 5 years to complete
W2
long term financial goals
intermediate term financial goals
short term financial goals
61
a rise in the general or average price level of all the goods and services in an economy
Depression
Inflation
Recession
Expansion
62
a rewards program offered by a company to customers who frequently make purchases
consumers
customer loyalty programs
penetration pricing
product placement
63
a method used to quickly estimate the time an investment will double at a given interest rate
Dividend
Diversification
Rule of 72
Risk
64
a notification sent to a borrower when they have abused credit
missed payments
collection notice
home owner
late fees
65
insufficient funds in an account, the bank will refuse to honor a check exceeding amount
Overdraft fee
Chex-Systems
Bounced Check
NSF
66
Maximum lifetime dollar amount a health insurance company agrees to pay for covered services.
Lifetime Limit
Limits of Coverage
Deductible
Grace Period
67
marketing strategies used to attract customers to a new product by offering a low initial price
inventory
endorsements
Check deposit
penetration pricing
68
an account that is used to set aside fund in times of need
Savings Account
Money Market
Checking Account
Emergency Fund
69
you can put money in, no money comes out till it matures.
Charitable contributions
CD (certificate of Deposits)
Money Market account
Chex Systems
70
an investment that will expire within one year
long term investment
Dividends
short term investment
reinvestement
71
Real or potential costs associated with missed opportunities based on choices made.
investments
Economics
taxes
Opportunity Costs
72
A collection of qualifications and experience prepared by a job applicant.
taxes
FAFSA
Job Application
Resume
73
federal regulation requiring transparent methods for disclosing the true costs of credit
Truth in Lending Act
Fair debt collections practices act
home mortgage disclosure act
equal credit opportunity act
74
non-wage compensation provided to employees, usually taxable.
Budget
fees
benefits
taxes
75
a phrase commonly used in personal finance planning, automatically contribute to savings
PYF
FDIC
PD
BYOB
76
Savings plan for public organizations, non-profits, works like a 401k
403b
529 Plan
Roth IRA
401k
77
one who assumes the risk for another person's debt
co-signer
Risk Management
Marketing
collateral
78
The cost of Borrowing Money
Investment
Money Market
Interest
CD
79
process of determining long term income goals and actions necessary to achieve those goals
Investments
short term investments
Retirement Planning
Pensions
80
Financial Goals that take more than five years to accomplish
short term financial goals
intermediate term financial goals
W2
long term financial goals
81
The amount of money an insured person pays before the insurance company makes payments for loss
Principal
Copay
Deductible
Variable Expenses
82
federal law against discriminating against applicants for credit based on civil rights
regulation D
Equal Credit Opportunity act
home mortgage disclosure act
right to financial privacy act
83
job or profession
Commissions
Career
Job
Occupation
84
Costs which occur on a regular basis
Fixed Expenses
Groceries
Periodic Expenses
Variable Expenses
85
Setting aside income for future spending
inheritance
Saving
taxes
Tips
86
a fee assessed when a consumer abuses credit by not paying on time
missed payments
EBT
collections
Late Fees
87
Money saved over a period of time, funds not spent and set aside for later use
Compound Interest
Savings
CD
Retirement
88
higher education instituions operated by private, profit seeking businesses
private school
for profit school
public school
FAFSA
89
providing money or goods with the trust and expectation of payment in the future
credit
debit
late fee
home loan
90
A subset of Economics that describes the management, creation and study of money
Supply and Demand
Finance
Marketing Stragegies
Opportunity Costs
91
Costs which occur on an irregular basis, but are expected at times
variable expenses
groceries
fixed expenses
Periodic expenses
92
US government corporation providing deposit insurance at banks up to 250
NCUA
The Fed
FDIC
401k
93
A Financial Institution licensed as a receiver of deposits - 2 types - retail and investment
Investment Broker
Bank
Trade Union
Credit Card
94
protects insured property from loss and theft, liability and common disasters
home owner/renter insurance
Car insurance
life insurance
health insurance
95
a consumer banking technology that allows payments to be made with a smartphone
online bill pay
credit cards
Mobile payments
reloadable credit
96
an online tool that helps students understand options for paying for college
Resume
Taxes
FAFSA4CASTER
W2
97
employment form that requires an employee to show proof of authorization to work legally
I9
W4
W2
1040EZ
98
institutions governed by a non-public entity
For Profit Post-Secondary Institution
Public Post-Secondary Institution
Non-Profit Post-Secondary Institution
Private Post-Secondary Institution
99
The initial amount of money borrowed
Principal
Amortization
Interest
Load
100
Universities and colleges generally supported by tax dollars
for profit post-secondary
public post-secondary
private post-secondary
FAFSA
101
Position of employment with specific duties and compensation
Occupation
Salary
Job
Career
102
a type of credit abuse where a consumer doesn't make the agreed upon payments
auto insurance
late fees
missed payments
collection notice
103
a traditional tax-deferred savings plan for retirement
IRA
Money Market
Roth IRA
CD
104
When a person or business is unable to repay outstanding debts
Credit Card Debt
Beneficiary
Budget
Bankruptcy
105
money set aside for profit, holdings purchased with expectations of increased value, with risk
wages
tips
savings
Investment
106
The process of making economic decisions based on the problem of limited resources
Goals
Opportunity costs
Marketing Strategies
Financial Literacy
107
A consumer banking technology that allows you to schedule and make payments online
remote deposit
credit
mobile payments
online bill pay
108
tax form completed by employers for which federal taxes were withheld
W2
1040EZ
I9
W4
109
an acronym used in banking to signify that the account cannot honor a check drawn on an account
phishing
bounced checks
NSF
truth in lending
110
The amount paid for a contract of insurance.
Grace Period
Premium
Deductible
variable expenses
111
a consumer banking technology that allows for payments through online 3rd party hosts
mobile payments
consumer to consumer C2C
online bill pay
remote check deposit
112
covers a portion of medical expenses due to illness and disease
car insurance
health insurance
life insurance
house insurance
113
A business cycle phase characterized by a surge in business activity until it peaks
Inflation
Premium
Recession
Expansion
114
a goal intended to assure financial security now and in the future.
Finance
Financial Goal
Salary
SMART goals
115
Interest paid both on the principal and on accumulated umpaid interest
Investment
compound interest
Direct Deposit
simple Interest
116
a group of banks that contribute information on closed accounts, shared to help assess risk
Taxes
Closing Costs
Benefits
Chex-Systems

General Financial Literacy Final Review Flashcards | StudBud

General Financial Literacy Final Review

116 termsStudBud Administration2,796 plays

General Financial Literacy Quiz covering Utah State Core Standards and Objectives 2015-2016 for grades 11-12

Flashcards116 cardsFPractice quizPHost liveL

Questions 116

Answers

1
an investment that is held for over a year
short term investment
long term investment
Money Market
CD
2
Free Application for Federal Student Aid
FDIC
taxes
FAFSA
NCUA
3
A sustained decrease in the average price level of all the goods and services in an economy
Deflation
Insurance
Recession
Depression
4
A financial plan used to forecast and track income and expenses.
Budget
Economics
Closing Costs
Finance
5
a form of credit that is not backed by collateral like a home or car, often used by credit card
unsecured credit
credit
APR
late fee
6
insurance designed to offer income payments for conditions making employment impossible
long term disability
the Fed
W2
short term disability
7
a risk management technique that mixes a wide variety of investments within a portfolio
Diversification
Risk
Rule of 72
Time Value of Money
8
a consumer banking technology where images of checks are deposited using smartphones
Online Bill Pay
mobile payments
C2C
Remote Check Deposit
9
money given to an organization that exists to benefit society as a whole, usually non-profit
Charitable Contribution
taxes
Entrepreneurship
Finance
10
covers the life on the insured for a fixed amount at a definite premium paid each year
health insurance
house insurance
life insurance
car insurance
11
federal law giving customers to banks the right to a measure of privacy from government search
regulation D
Right to Financial Privacy Act
equal credit opportunity act
home mortgage disclosure act
12
investor does not receive quarterly dividends directly as cash, but is directly reinvested
finance
dividend reinvestment
time value of money
IRA
13
a form of advertising in which brands are noticeable within productions for large audiences
product placement
merchandising
penetration programs
endorsements
14
Money or other funds taken in or gained from labor, business or property
inheritance
Revenue
benefits
Finance
15
a consumer banking technology where one receives payments electronically via ACH
FDIC
Direct Deposit
Pay yourself first
credit cards
16
A decline in the rate of national economic activity, for at least 2 quarters
Inflation
Recession
Depression
Deflation
17
Contract by which one pays someone else for the value of lost or damaged life or property
Limits
Coverage
Premium
Insurance
18
Member owned financial cooperative institution, where profits are shared by members an owmers
Credit Union
Bank
Insurance Company
Loan Agency
19
Money set aside tor profit - with the expectation of increased value over time
Interest
CD
Investment
Credit
20
Rate charged for borrowing money, expressed as a single percentage
Interest Rate
Beneficiary
APR
Loan
21
law protecting consumers engaged in electronic funds transfers
c
Electronic Funds Transfer Act
22
Profession or field of employment for which one trains. 
Occupation
Job
Manager
Career
23
Employees make deductions to salary. Taxed at withdrawal, not at deposit, for private companies
Roth IRA
401k
529 Plan
403b
24
Fees paid at the end of a real estate transation
taxes
Mutual Funds
Charitable contriubtions
Closing Costs
25
the process of the bank paying for charges to your account when there are insufficient funds
chex.systems
online commerce
truth in lending act
over draft processing
26
examining different brands or models of a product as well as prices before deciding to buy
Merchandising
Advertising
Product Placement
Comparison Shopping
27
an employment form completed when getting a job so employers can withhold federal income taxes
W4
1040EZ
W2
FAFSA
28
a line of credit where the customer pays a fee and is then allowed to use funds as needed
home loan
bill pay
revolving credit
default rates
29
money now is more valuable than money later - if you invest it now
Diversification
Rule of 72
Time Value of Money
Risk
30
an institution that provides money for borrowers.
loan agency
bank
insurance company
credit union
31
federal law helping promote competition between banks making it easier to compare interest rate
Regulation D
Truth in Savings Act
Community Reinvestment Act
Regulation E
32
the capacity and willingness to manage business ventures and its risk; starting a new business
Employment
Supply and Demand
Entrepreneurship
FAFSA
33
ratio used by investors to compare expected returns compared to the risks undertaken
Recession
Inflation
Risk/Reward
Investor behavior
34
interest paid or figured on the original amount of a loan
Simple Interest
Money Market
Compound Interest
Investment
35
To call attention to something, showing desirable qualities
advertising
shouting
showcasing
36
assets passed down from parents to offspring
benefits
529 plans
401k
Inheritance
37
A person who benefits from something; one who gets insurance money when policy funds go out
Beneficiary
Life Insurance
Certificate of Deposit
Benefits
38
The ability to put off the enjoyable now for something more rewarding later.
The Marshmallow
Delayed Gratification
Candy
Instant Gratification
39
an individual retirement account plan, taxed upon deposit rather than withdrawal
Money Market
IRA
Divident Reinvestment
Roth IRA
40
an investing scam promising high returns with little risk, generating returns for older investo
Ponzi scheme
bounced checks
MLM scheme
pyramid scheme
41
Monetary compensation paid for fulfillment of one's duties in a position
Wages
Salary
Occupation
Job
42
A cost of goods or services that changes in amount from week to week or month to month
Periodic Expenses
Groceries
Variable Expenses
Fixed Expenses
43
goals achievable in the immediate future, usually under one year
long term goals
short term goals
W2
intermediate term goals
44
a fixed regular payment made by an employer to an employee for unskilled labor
salary
comission
tips
wages
45
The planning and promotion of sales of products to the right market at the right time
penetration pricing
Merchandising
endorsements
Consumers
46
The largest total amount the insurance company will pay for covered losses.
Life Insurance
Grace Period
Limits of Coverage
Premium
47
protects against physical damage or bodily injury resulting in traffic collisions and liability
home owners insurance
auto insurance
health insurance
life insurance
48
US government corporation providing deposit insurance at credit unions up to 2
NCUA
401k
The Fed
FDIC
49
An approval of a product by some authority, perhaps by a celebrity or expert
customer loyalty
consumers
deposits
endorsements
50
A schedule of payments showing the amounts of principal and interest that make up payments.
Amortization Table
Roth IRA
Interest
APR
51
The study of how people use limited resources in satisfaction of their limitless wants
Economics
Financial literacy
Entrepreneurship
Supply and Demand
52
law requiring banks to provide mortgage data to the public
right to financial provacy act
fair debt collections practices act
Regulation D
home mortgage disclosure act
53
federal law limiting debt collectors attempting to collect for another person or entity
equal credit opportunity act
fair debt collection practices act
truth in lending act
home mortgage disclosure act
54
the central banking system of the united states
W2
NCUA
FDIC
Federal Reserve
55
an economic force and theory explaining the interaction between goods and their desirability
Finance
Marketing
Supply and Demand
Opportunity Costs
56
Money earned from a job or other sources
Expensess
Interest
Income
Emergency Fund
57
a tech scam that uses spam and pop-ups to deceive consumers into disclosing personal info
pyramid scheme
ponzi scheme
investment fraud
phishing
58
the buying and selling of goods over the internet
chex systems
NSF
online commerce
truth in lending act
59
Tax-advantaged savings plans for college. Utah's is called a UESP.
401k
529 Plan
Roth IRA
403b
60
financial goals taking between 1 and 5 years to complete
W2
long term financial goals
intermediate term financial goals
short term financial goals
61
a rise in the general or average price level of all the goods and services in an economy
Depression
Inflation
Recession
Expansion
62
a rewards program offered by a company to customers who frequently make purchases
consumers
customer loyalty programs
penetration pricing
product placement
63
a method used to quickly estimate the time an investment will double at a given interest rate
Dividend
Diversification
Rule of 72
Risk
64
a notification sent to a borrower when they have abused credit
missed payments
collection notice
home owner
late fees
65
insufficient funds in an account, the bank will refuse to honor a check exceeding amount
Overdraft fee
Chex-Systems
Bounced Check
NSF
66
Maximum lifetime dollar amount a health insurance company agrees to pay for covered services.
Lifetime Limit
Limits of Coverage
Deductible
Grace Period
67
marketing strategies used to attract customers to a new product by offering a low initial price
inventory
endorsements
Check deposit
penetration pricing
68
an account that is used to set aside fund in times of need
Savings Account
Money Market
Checking Account
Emergency Fund
69
you can put money in, no money comes out till it matures.
Charitable contributions
CD (certificate of Deposits)
Money Market account
Chex Systems
70
an investment that will expire within one year
long term investment
Dividends
short term investment
reinvestement
71
Real or potential costs associated with missed opportunities based on choices made.
investments
Economics
taxes
Opportunity Costs
72
A collection of qualifications and experience prepared by a job applicant.
taxes
FAFSA
Job Application
Resume
73
federal regulation requiring transparent methods for disclosing the true costs of credit
Truth in Lending Act
Fair debt collections practices act
home mortgage disclosure act
equal credit opportunity act
74
non-wage compensation provided to employees, usually taxable.
Budget
fees
benefits
taxes
75
a phrase commonly used in personal finance planning, automatically contribute to savings
PYF
FDIC
PD
BYOB
76
Savings plan for public organizations, non-profits, works like a 401k
403b
529 Plan
Roth IRA
401k
77
one who assumes the risk for another person's debt
co-signer
Risk Management
Marketing
collateral
78
The cost of Borrowing Money
Investment
Money Market
Interest
CD
79
process of determining long term income goals and actions necessary to achieve those goals
Investments
short term investments
Retirement Planning
Pensions
80
Financial Goals that take more than five years to accomplish
short term financial goals
intermediate term financial goals
W2
long term financial goals
81
The amount of money an insured person pays before the insurance company makes payments for loss
Principal
Copay
Deductible
Variable Expenses
82
federal law against discriminating against applicants for credit based on civil rights
regulation D
Equal Credit Opportunity act
home mortgage disclosure act
right to financial privacy act
83
job or profession
Commissions
Career
Job
Occupation
84
Costs which occur on a regular basis
Fixed Expenses
Groceries
Periodic Expenses
Variable Expenses
85
Setting aside income for future spending
inheritance
Saving
taxes
Tips
86
a fee assessed when a consumer abuses credit by not paying on time
missed payments
EBT
collections
Late Fees
87
Money saved over a period of time, funds not spent and set aside for later use
Compound Interest
Savings
CD
Retirement
88
higher education instituions operated by private, profit seeking businesses
private school
for profit school
public school
FAFSA
89
providing money or goods with the trust and expectation of payment in the future
credit
debit
late fee
home loan
90
A subset of Economics that describes the management, creation and study of money
Supply and Demand
Finance
Marketing Stragegies
Opportunity Costs
91
Costs which occur on an irregular basis, but are expected at times
variable expenses
groceries
fixed expenses
Periodic expenses
92
US government corporation providing deposit insurance at banks up to 250
NCUA
The Fed
FDIC
401k
93
A Financial Institution licensed as a receiver of deposits - 2 types - retail and investment
Investment Broker
Bank
Trade Union
Credit Card
94
protects insured property from loss and theft, liability and common disasters
home owner/renter insurance
Car insurance
life insurance
health insurance
95
a consumer banking technology that allows payments to be made with a smartphone
online bill pay
credit cards
Mobile payments
reloadable credit
96
an online tool that helps students understand options for paying for college
Resume
Taxes
FAFSA4CASTER
W2
97
employment form that requires an employee to show proof of authorization to work legally
I9
W4
W2
1040EZ
98
institutions governed by a non-public entity
For Profit Post-Secondary Institution
Public Post-Secondary Institution
Non-Profit Post-Secondary Institution
Private Post-Secondary Institution
99
The initial amount of money borrowed
Principal
Amortization
Interest
Load
100
Universities and colleges generally supported by tax dollars
for profit post-secondary
public post-secondary
private post-secondary
FAFSA
101
Position of employment with specific duties and compensation
Occupation
Salary
Job
Career
102
a type of credit abuse where a consumer doesn't make the agreed upon payments
auto insurance
late fees
missed payments
collection notice
103
a traditional tax-deferred savings plan for retirement
IRA
Money Market
Roth IRA
CD
104
When a person or business is unable to repay outstanding debts
Credit Card Debt
Beneficiary
Budget
Bankruptcy
105
money set aside for profit, holdings purchased with expectations of increased value, with risk
wages
tips
savings
Investment
106
The process of making economic decisions based on the problem of limited resources
Goals
Opportunity costs
Marketing Strategies
Financial Literacy
107
A consumer banking technology that allows you to schedule and make payments online
remote deposit
credit
mobile payments
online bill pay
108
tax form completed by employers for which federal taxes were withheld
W2
1040EZ
I9
W4
109
an acronym used in banking to signify that the account cannot honor a check drawn on an account
phishing
bounced checks
NSF
truth in lending
110
The amount paid for a contract of insurance.
Grace Period
Premium
Deductible
variable expenses
111
a consumer banking technology that allows for payments through online 3rd party hosts
mobile payments
consumer to consumer C2C
online bill pay
remote check deposit
112
covers a portion of medical expenses due to illness and disease
car insurance
health insurance
life insurance
house insurance
113
A business cycle phase characterized by a surge in business activity until it peaks
Inflation
Premium
Recession
Expansion
114
a goal intended to assure financial security now and in the future.
Finance
Financial Goal
Salary
SMART goals
115
Interest paid both on the principal and on accumulated umpaid interest
Investment
compound interest
Direct Deposit
simple Interest
116
a group of banks that contribute information on closed accounts, shared to help assess risk
Taxes
Closing Costs
Benefits
Chex-Systems