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FBLA Personal Finance Review
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FBLA Personal Finance Review
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25 Questions

1. The New York Stock Exchange, which is one of the organized stock markets in the US

2. When the outstanding balance is paid and there are no new charges during a billing cycle

3. A record of deposits to and withdrawals from a checking account.

4. The process through which buyers and sellers exchange with one another

5. Stores that purchase goods from wholesalers and sell directly to customers

6. A type of corporation, like a credit union, that is owned by the people who use its services

7. A four-digit code that allows you to make deposits and withdrawals with your ATM (Automated Teller Machine) card

8. An economic system whereby both producers and consumers play an active role in determining what is produced and sold and at what price

9. The National Association of Securities Dealers Automated Quotation system is an important part of the over-the-counter market. NASDAQ is an electronic marketplace listing prices of more than 5,000 stocks

10. A time certificate representing a sum of money deposited for a set length of time, such as six months

11. The money you have to spend or save as you wish after taxes, social security, and other required and optional deductions have been withheld from your gross pay

12. Sick pay, vacation time, and other company-provided supplements to income

13. Forbids discrimination in granting credit because of age, sex, marital status, religion, race, color, national origin, or receiving public assistance

14. Past and future ability to repay debts

15. Mutual fund that invests primarily in lower-rated bonds

16. When income exceeds the amount needed to cover expenses

17. Buying stock and then keeping it for many years in an effort to have one's money grow in step with stock prices generally

18. Income minus allowable exclusions (such as IRAs and alimony)

19. A loan to be repaid in fixed payments that include principle and interest

20. All taxable income received, including wages, tips, salaries, interest, dividends, unemployment compensation, alimony and others

21. The American Stock Exchange, which is one of the organized stock markets in the US

22. Amounts of money that are owed to others

23. The practice of writing a check on insufficient funds and hoping to make a deposit to cover the check before it is cashed

24. A broker who accepts orders to buy and sell stock and then transfers those orders to other people who complete them

25. A request that the bank not cash or process a specific check