Question 1

What makes an "I bond" unique?

Accepted Answer

An I bond earns a combined rate consisti

Question 2

Which of the following is NOT required when writing a check?

Accepted Answer

A)  The amount of check written in words 
B)  The date written 
C)  A driver's license number 
D)  The name of person or organization receiving payment 
E)  A signature 
A)  The amount of check written in words 
B)  The date written 
C)  A driver's license number 
D)  The name of person or organization receiving payment 
E)  A signature

Question 3

Which of the following offers checking,savings,lending,and other services?

Accepted Answer

A)  A commercial bank 
B)  A check-cashing outlet 
C)  A pawnshop 
D)  A payday loan facility 
E)  A rent-to-own center 
A)  A commercial bank 
B)  A check-cashing outlet 
C)  A pawnshop 
D)  A payday loan facility 
E)  A rent-to-own center

Question 4

Evan had three accounts as listed below.In 2011,how much was his total coverage by the FDIC?
• Bank A: $125,000
• Bank B: $50,000
• Bank C: $325,000

Accepted Answer

A) $125,000 
B) $250,000 
C) $375,000 
D) $425,000 
E) $475,000 
A) $125,000 
B) $250,000 
C) $375,000 
D) $425,000 
E) $475,000

Question 5

The best option for borrowing money at a low rate is to use a payday loan organization.

Accepted Answer

A) True 
 B)False

Question 6

The Truth in Savings Act requires financial institutions to disclose the interest rate on loans.

Accepted Answer

A) True 
 B)False

Question 7

What are three common payment choices for routine spending activities?

Accepted Answer

Acceptable answers i

Question 8

When Imogene brought a necklace to a _______,she received a loan based on its value.

Accepted Answer

A)  commercial bank 
B)  check-cashing outlet 
C)  pawnshop 
D)  payday loan facility 
E)  rent-to-own center 
A)  commercial bank 
B)  check-cashing outlet 
C)  pawnshop 
D)  payday loan facility 
E)  rent-to-own center

Question 9

What are the main differences between a regular savings account and a certificate of deposit?

Accepted Answer

A regular savings account provides easy

Question 10

Ursula has an account that will allow her to waive the minimum balance if she keeps a certain amount in savings.What kind of account does she have?

Accepted Answer

A)  A regular checking account. 
B)  An activity account. 
C)  An interest-earning checking account. 
D)  All of these are correct. 
E)  None of these is correct. 
A)  A regular checking account. 
B)  An activity account. 
C)  An interest-earning checking account. 
D)  All of these are correct. 
E)  None of these is correct.

Question 11

Investments and tax assistance,both tools for financial planning,are also known as

Accepted Answer

A)  Checking accounts. 
B)  Trusts. 
C)  Loans. 
D)  Savings accounts. 
E)  Financial services. 
A)  Checking accounts. 
B)  Trusts. 
C)  Loans. 
D)  Savings accounts. 
E)  Financial services.

Question 12

What is the APY for a savings account with a $250 balance that receives $12 interest for the year?

Accepted Answer

A)  2.4% 
B)  4.8% 
C)  5% 
D)  10.4% 
E)  20.8% 
A)  2.4% 
B)  4.8% 
C)  5% 
D)  10.4% 
E)  20.8%

Question 13

When Angela wanted to provide financial security for her dependents,she considered purchasing a specific type of account at a

Accepted Answer

A)  Credit card company. 
B)  Investment company. 
C)  Life insurance company. 
D)  Finance company. 
E)  Payday loan company. 
A)  Credit card company. 
B)  Investment company. 
C)  Life insurance company. 
D)  Finance company. 
E)  Payday loan company.

Question 14

Which of the following provides deposit insurance for credit unions?

Accepted Answer

A)  FDCU 
B)  FDIC 
C)  NCUA 
D)  SAIF 
E)  None of these 
A)  FDCU 
B)  FDIC 
C)  NCUA 
D)  SAIF 
E)  None of these

Question 15

Anders went to Norway and went shopping.He had to sign his name once when he purchased this document and a second time at the store.Anders used a

Accepted Answer

A)  Certified check. 
B)  Cashier's check. 
C)  Money order. 
D)  Personal check. 
E)  Traveler's check. 
A)  Certified check. 
B)  Cashier's check. 
C)  Money order. 
D)  Personal check. 
E)  Traveler's check.

Question 16

What financial services are available from banking online?

Accepted Answer

Online services include services to obta

Question 17

If you rent a big-screen television from a rent-to-own center for a week,you will be certain to own it at the end of the first week.

Accepted Answer

A) True 
 B)False

Question 18

If you think that rates will fall in the future,you should buy a long-term CD to lock in your rate now.

Accepted Answer

A) True 
 B)False

Question 19

As inflation rates increase,the interest rates offered to savers usually increase.

Accepted Answer

A) True 
 B)False

Question 20

Karen wanted a certificate of deposit that would definitely be available until the maturity date.She would NOT want to consider a

Accepted Answer

A)  Bump-up CD. 
B)  Callable CD. 
C)  Portfolio CD. 
D)  Promotional CD. 
E)  Stock-indexed CD. 
A)  Bump-up CD. 
B)  Callable CD. 
C)  Portfolio CD. 
D)  Promotional CD. 
E)  Stock-indexed CD.

What makes an "I bond" unique?

Which of the following is NOT required when writing a check?

Which of the following offers checking,savings,lending,and other services?

Evan had three accounts as listed below.In 2011,how much was his total coverage by the FDIC? • Bank A: $125,000 • Bank B: $50,000 • Bank C: $325,000

The best option for borrowing money at a low rate is to use a payday loan organization.

The Truth in Savings Act requires financial institutions to disclose the interest rate on loans.

What are three common payment choices for routine spending activities?

When Imogene brought a necklace to a _______,she received a loan based on its value.

What are the main differences between a regular savings account and a certificate of deposit?

Ursula has an account that will allow her to waive the minimum balance if she keeps a certain amount in savings.What kind of account does she have?

Investments and tax assistance,both tools for financial planning,are also known as

What is the APY for a savings account with a $250 balance that receives $12 interest for the year?

When Angela wanted to provide financial security for her dependents,she considered purchasing a specific type of account at a

Which of the following provides deposit insurance for credit unions?

Anders went to Norway and went shopping.He had to sign his name once when he purchased this document and a second time at the store.Anders used a

What financial services are available from banking online?

If you rent a big-screen television from a rent-to-own center for a week,you will be certain to own it at the end of the first week.

If you think that rates will fall in the future,you should buy a long-term CD to lock in your rate now.

As inflation rates increase,the interest rates offered to savers usually increase.

Karen wanted a certificate of deposit that would definitely be available until the maturity date.She would NOT want to consider a

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

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Exam 4: Financial Services: Savings Plans and Payment Account

What makes an "I bond" unique?

Which of the following is NOT required when writing a check?

Which of the following offers checking,savings,lending,and other services?

Evan had three accounts as listed below.In 2011,how much was his total coverage by the FDIC? • Bank A: $125,000 • Bank B: $50,000 • Bank C: $325,000

The best option for borrowing money at a low rate is to use a payday loan organization.

The Truth in Savings Act requires financial institutions to disclose the interest rate on loans.

What are three common payment choices for routine spending activities?

When Imogene brought a necklace to a _______,she received a loan based on its value.

What are the main differences between a regular savings account and a certificate of deposit?

Ursula has an account that will allow her to waive the minimum balance if she keeps a certain amount in savings.What kind of account does she have?

Investments and tax assistance,both tools for financial planning,are also known as

What is the APY for a savings account with a $250 balance that receives $12 interest for the year?

When Angela wanted to provide financial security for her dependents,she considered purchasing a specific type of account at a

Which of the following provides deposit insurance for credit unions?

Anders went to Norway and went shopping.He had to sign his name once when he purchased this document and a second time at the store.Anders used a

What financial services are available from banking online?

If you rent a big-screen television from a rent-to-own center for a week,you will be certain to own it at the end of the first week.

If you think that rates will fall in the future,you should buy a long-term CD to lock in your rate now.

As inflation rates increase,the interest rates offered to savers usually increase.

Karen wanted a certificate of deposit that would definitely be available until the maturity date.She would NOT want to consider a

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Filters