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Econ Finance Literacy

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  • Who issues Municipal Bonds?
    Financial Institutions
    Congress
    State and Local Governments
    Coporations
  • Payment made for use of borrowed money is called?
    Interest
    Fees
    Collateral
    Budget
  • People w/ bachelors degrees have lower earning power than works with a HS diploma only
    True
    False
  • Donations to charities are tax deductible?
    False
    True
  • What is the term for monthly, quarterly, semi annual price paid to an insurance company?
    Interest Rate
    Income Tax
    Collateral
    Premium
  • A person who owns a share of shares of stock in a corporation is a stockholder?
    False
    True
  • A(n) ____________ is a group that channels savings to investors
    Certificate of Deposit
    Financial Instituion
    Credit Bureau
    Investors
  • Another name for a passbook account is savings
    True
    False
  • With insurance, a higher deductible means a higher premium (monthly payment)
    True
    False
  • A corporation has all the rights and responsibilities of
    a family
    a government agency
    a partnership
    an individual
  • Which is the best synonym for the bonds that are used to raise corporate capital
    Stocks
    Loans
    Payments
    Taxes
  • How much money should you save before you start renting an apartment?
    1 months rent
    no savings necessary
    2 months rent
    3 months rent
  • What has the greatest impact on your credit score?
    Number of Accounts
    How Much Available Credit you Have
    Age of Credit
    On time payments
  • A sole proprietorship is an unincorporated business with two or more partners that split duties evenly
    True
    False
  • According to the book, when renting an apartment, your monthly rent should not be more than_____
    four weeks of your monthly income
    one week of your monthly income
    two weeks of your monthly income
    three weeks of your monthly income
  • A mutual fund a company that sells shares of a portfolio of securities (stocks/bonds)
    True
    False
  • Which is not a type of business organization?
    Stockholder
    Sole Proprietorship
    Partnership
    Coporation
  • When paying your credit card bill, you should pay only minimum payment
    True
    False
  • What is the best title for a list that includes: Direct Subsidized, Direct Plus, Direct Consolidation
    Federal Student Loans
    Fafsa requirements
    Financial Aid
    Work Study Programs
  • Person or institutions to whom money is OWED
    Leasee
    Borrower
    Investor
    Creditor
  • Each student who wants Financial Aid must do what?
    Complete the FAFSA Application
    Take AP Classes
    Join the Military
    Complete an Application for a Social Security Card.
  • Money Market Accounts, Mutual Funds, and CD's are good ways to __________ money
    Withdraw
    Borrow
    Budget
    Save
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