Multiple choice questions?!?!

[Freckles~]

11. Interest that you earn on a savings account is _____ . (Points : 2)
the money that you deposit that continues to grow as long as the account is active
money that financial institutions pay you for the use of your money
the balance in your savings account at the end of a certain period
the money you must pay in order to keep a savings account active

12. The 20/10 rule says that your monthly credit payments should not be more than _____ of your monthly take-home pay. (Points : 2)
5%
10%
20%
30%

13. The statement of promise from your insurance company is called your _____ . (Points : 2)
premium
policy
payment
explanation of benefits

14. A debit card and a check do the exact same thing in terms of your balance in your checking account. (Points : 2)
True
False

15. Sales tax is a fee charged by your _____ government on the majority of items that you buy. (Points : 2)
federal
local
state
local or state

16. When you write a check for more than you have in your account, it's called a/an _____ . (Points : 2)
overdraft
registered check
endorsed check
postdated check

17. The type of investment in the following list that insures that you will not lose your money is _____ . (Points : 2)
a stock
a mutual fund
a certificate of deposit

18. The economic trend which sees a decrease in your purchasing power is a time of _____ . (Points : 2)
recession
deflation
inflation

19. A blank check is a check where the _____ is not written. (Points : 2)
signature
date
recipient
amount

20. If you are injured while working at your job, you are covered by _____. (Points : 2)
your health insurance
your liability insurance
the company's workers' compensation insurance

21. Your ability to repay your loan with your current income is your _____ . (Points : 2)
capacity
character
capital
collateral

22. If you lower your deductible amount, then the cost of your premium will _____ . (Points : 2)
increase
stay about the same
decrease

23. The type of life insurance that is only valid while you continue to pay for it is called _____ . (Points : 2)
whole life insurance
term life insurance
stop-loss insurance

24. When balancing your checkbook, you should take the balance calculated by the bank and then _____. (Points : 2)
add your deposits since the statement, add your outstanding checks, and subtract your withdrawals since the statement
add your deposits since the statement, subtract your outstanding checks, and subtract your withdrawals since the statement
subtract your deposits since the statement, subtract your outstanding checks, and add your withdrawals since the statement

25. If you invested $2,500 in a very successful mutual fund (12% return a year), how long would it take for you to have a balance of $5,000 in that account? (Points : 2)
2 years
4 years
6 years
8 years
9 years
12 years

26. When you have your bank or another organization automatically take money out of your paycheck amount to put into savings or apply toward a bill, you are utilizing _____ . (Points : 2)
direct deposit
payroll deduction
direct deduction

27. The amount you have to pay either per incident or per year before your insurance will start to cover anything is called your _____ . (Points : 2)
deductible
premium
coinsurance
copayment

28. If you are in an accident that is caused by someone without insurance, then you'll be happier if you have _____ coverage on your policy. (Points : 2)
bodily injury
uninsured motorist
collision

29. If you are told that your gross pay is $1,500 a month, you should expect to have _____ as the amount on your paycheck. (Points : 2)
more than $1,500
exactly $1,500
less than $1,500

30. The consumer price index is based on how prices change for _____ . (Points : 2)
all food items
the items that ten chosen families decide to buy each
a number of items that many people commonly buy

31. A check that acts in the same way as cash (except that you need to sign it twice) is called a _____ . (Points : 2)
cashier's check
certified check
safe deposit check
travelers' check

32. How is the length of time calculated that it takes to double your money? (Points : 2)
by dividing the interest rate by the number of times it is compounded during the year
by multiplying the principal by the interest rate
by the rule of 72
by multiplying the interest rate by the number of years that the interest is applied

33. _____ involves the use of federal government spending and taxation programs. (Points : 2)
Monetary policy
Fiscal policy
Income policy
Inflation policy

34. Of the following types of accounts, which pays the highest total interest over time? (Points : 2)
one that offers interest that is compounded quarterly
one that offers interest that is compounded daily
one that offers interest that is compounded yearly
one that offers simple interest

35. You can find your total capital by _____ . (Points : 2)
totaling up all your assets
totaling your assets and subtracting your debts
determining how much you would have if you sold everything you own

36. The type of interest calculation in which interest is calculated on both the principal and any interest gathered on that principal is called _____ . (Points : 2)
simple interest
compound interest

37. Which of the following tips will not reduce your cost of insurance? (Points : 2)
raising your deductible
installing smoke alarms
getting insurance from different companies
taking a driver training course

38. The part of your insurance that protects you against costs of damage that you cause to someone else is called your _____ coverage. (Points : 2)
liability
premium
coinsurance
comprehensive

39. The total dollar amount of all final, new goods and services produced in a country is called the country's _____ . (Points : 2)
GDP
CPI
GNP
FDIC

40. Negative information stays in your credit report _____ . (Points : 2)
for three years
for five years
for seven years
forever

[jpg7n16]

We're not here to do your homework for you.

You should probably read your textbook for the answers.

[bjl584]

Just answer "C" for all multiple choice questions. You can't go wrong.

[shanecurran]

1 out of 4 aint bad.

[snafu]

you need to do the research and know the answers as you will need this practical knowledge to make the best financial choices for yourself. Stupid choices makes life more difficult.

[landon.bruno]

Why do you want us to do your homework? You should go ask people for it. Anyways this multiple choice would vary according to the person. You have to find it out for yourself.