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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. What type of services do property taxes typically fund?
2. When there is not enough of a resource available for everyone to have as much of it as desired, the resource is
3. 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
4. Which of the following is a reason to invest your money:
5. What economic activity examines how money payments are divided between resource owners and producers?
6. A business might be involved in insurance fraud if it
7. Chris started working in a stable as a horse trainer, but later decided he would rather give riding lessons for a living. This is an example of a goal being
8. The inputs that allow businesses to operate are called economic
9. If Danita invests $6,000 at a simple annual interest rate of 5%, the future value of her investment at the end of a five-year period will be
10. When Jasmine got her credit card bill, she was surprised to see that she was charged an extremely high annual fee. Jasmine could have avoided this situation by
11. Which of the following are examples of ownership investments:
12. Individuals who are interested in certain occupations should also find out if they have the necessary
13. Insurance companies are regulated and supervised in order to
14. What should you do if a financial client reports a problem with her/his portfolio?
15. One of the main reasons why individuals make investments based on their future financial needs is to
16. Which of the following investments gives the investor part ownership of a corporation:
17. Which of the following is an example of involuntary debt:
18. Margo signed a lease to rent a small building for her business. In exchange for the use of the facility, Margo will pay monthly rent. What component of a legally binding contract does the rent represent?
19. Which of the following are the best references to list in a resume:
20. John gets up, dresses, brushes his teeth, eats breakfast, goes to school, buys gum at the school store, and reports to his first class. Which of these would be considered an economic activity?
21. When health insurance is available through an employer, the cost to the employee is typically
22. 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
23. Which of the following is a true statement about financial ratios?
24. What is a benefit of investing in mutual funds?
25. Which of the following is a strategy to help with tracking expenses:

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