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Personal Finance Literacy Exam 7
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Personal Finance Literacy Exam 7
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25 Questions

1. One of the main reasons why individuals make investments based on their future financial needs is to
2. Sheila decides to invest some of her money. She doesn't like to take big risks, and she wants to be able to access all of her money at all times. She also doesn't mind not earning much interest. Sheila should invest her money in a
3. What is a tip to aid in paying bills on time?
4. Amira is trying to choose a financial institution. She likes to do her banking in person, and she wants to make sure she selects an institution that's customer friendly. She wants good interest rates and low fees, and she'd also prefer to invest with a not-for-profit institution. Amira should invest her money in a(n)
5. Monitoring financial accounts and reading bank statements on a regular basis can help detect activities associated with
6. Brad earns $8.70 per hour as a delivery truck driver. If he works more than 40 hours during the regular Monday through Friday work week, he earns time and one-half for those extra hours. He earns double time when he works on holidays. Last week, Brad worked 11 hours on Monday, 8 hours on Tuesday, 9.5 hours on Wednesday, 9 hours on Thursday and Friday, and 5 hours on Saturday, which was a holiday. What were Brad's gross earnings last week?
7. Which of the following is a reason to invest your money:
8. While Chase was reviewing his stock performance, he saw that his commodities investment dropped .002 points from Monday's close to Tuesday's close. This drop is called the
9. To make sure it was billed correctly, the Westworth Agency compared the bill that it received from the Cyan Printing Company against the original
10. Which of the following investments gives the investor part ownership of a corporation:
11. The inputs that allow businesses to operate are called economic
12. One advantage to setting attainable goals is that you
13. Insurance companies are regulated and supervised in order to
14. Janet, an employee with an advertising agency, has a question about an invoice she received. Who is the best person for Janet to contact to obtain the desired information?
15. What should you do if a financial client reports a problem with her/his portfolio?
16. Which of the following is an example of involuntary debt:
17. Some businesses are able to avoid potential risks by taking actions to __________ them.
18. Jack tells his broker he wants to purchase 50 shares of ABC stock. Jack is placing a __________ order.
19. Which of the following is an important topic to discuss with a potential investment advisor?
20. Following a business employee for a few days to obtain information about that particular career is an example of
21. Marshall's employer pays him for the work that he performs while on the job. This is an example of
22. Which of the following is the most desirable outcome for a job seeker who sends a letter of application to a business:
23. To be able to pay for unexpected car repairs and/or to replace broken home appliances, it is important to
24. When a nation's inflation rate is low, what do prices tend to do?
25. Reconciling a personal bank statement is the process of determining any differences between the bank statement balance and the