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Finance Flashcards

Personal Finance – Topic 4 Quiz

Zoe signed the back of her check with the words “for deposit only.” She used a(n)Select one:a. Blank endorsementb. Restrictive endorsement c. Deposit ticketd. Special endorsemente. Individual account b. Restrictive endorsement
Which of the following is NOT a financial publication that can provide information about financial services and economic conditions?Select one:a. TheWallStreetJournalb. TheFinancialTimesc. TheDailyMarket d. BusinessWeeke. Forbes c. TheDailyMarket
Which of the following is NOT required as part of the procedure for properly writing a check?Select one:a. Amount of check written in wordsb. Date writtenc. Driver’s license number d. Person or organization receiving paymente. Signature c. Driver’s license number
Which of the following is correct about inflation?Select one:a. If inflation is 10%, and your rate of return in your savings account is 5%, you will experience an overall gain in buying powerb. As inflation rates increase, interest rates offered to savers decreasesc. Inflation does not affect interest rates for savings accountsd. As inflation increases, the interest rates offered to savers generally increase. e. If you earn 5% and inflation is 10%, your buying power will increase d. As inflation increases, the interest rates offered to savers generally increase.
All of the following are non-deposit institutions exceptSelect one:a. Credit card companyb. Investment companyc. Life insurance companyd. Mortgage companye. Payday loan company e. Payday loan company
Logan paid a bill with a ______, which he purchased from his financial institution by paying the amount of the check and a fee.Select one:a. Certified checkb. Cashier’s check c. Money orderd. Personal checke. Traveler’s check b. Cashier’s check
Aidan wants to be able to complete his payment transactions electronically. Which of the following tools should he use?Select one:a. Debit cardb. Online paymentc. Stored-value cardd. Smart carde. All of the above e. All of the above
A drawback of a regular savings account isSelect one:a. Low rate of return b. Minimum depositc. Not insuredd. Possible penalty for early withdrawale. All of these are drawback of a regular savings account a. Low rate of return
Which of the following usually offers mutual funds?Select one:a. Credit card companyb. Investment company c. Life insurance companyd. Mortgage companye. Payday loan company b. Investment company
Quentin wants his retail purchases to be deducted directly from his checking account. Which of the following tools should he use?Select one:a. Debit card b. Online paymentc. Stored-value cardd. Smart carde. All of the above a. Debit card

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