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Personal Finance Literacy Exam 6
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Personal Finance Literacy Exam 6
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25 Questions

1. What question is often asked in the work experience section of an employment application?
2. When investors trade securities that have already been issued by a corporation, they are trading on
3. When you use money to make money, you are
4. Which of the following is an advantage of using an online brokerage firm:
5. Individuals or families who want to purchase protection against financial loss would most likely consult a(n)
6. Financial managers who are legally responsible for their clients' investments must demonstrate fiduciary responsibility, which involves
7. Jana Rockford works at Main Street Savings and Loan. As a teller, what is one of Jana's job responsibilities?
8. Michelle is trying to decide which goods and services to purchase so that she can get maximum satisfaction. Michelle is
9. One of the benefits of buying whole-life insurance is that over time
10. Why would Susan prepare a resume that emphasizes her education and related activities?
11. What type of economic resource is being described in the following situations: salespeople waiting on customers, managers instructing employees, and insurance agents selling policies?
12. Life insurance pays money to the beneficiary upon the death of the
13. The wise use of credit involves comparing the various offers of credit to determine the
14. The face value of a corporate bond is the amount
15. People who are saving for retirement are advised to save enough money to account for inflation because dollars used in the future will have
16. Which of the following forms of income would be considered unearned income:
17. Lauren wants to get credit through a financial institution that is owned by its members. Which source of credit is she most likely to use?
18. The disadvantage to using credit cards to pay for goods and services is that you
19. Which of the following is an accurate statement regarding the setting of personal financial goals:
20. Businesses should view negotiation as a way to
21. The desire for an item that has monetary value is a(n) _________ want.
22. Which of the following is a way to evaluate financial advisors:
23. Which of the following is not found in a company's annual report:
24. Marvin is drawing up his will. He wants to leave all of his money to his daughter, so he claims her as his
25. Which of the following is an important benefit of setting goals:

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