PF calendar

nov 2008, mar2009, sept2010, sept2009, feb2010, Oct2022, Oct 2023

When you request that the bank not cash or process a specific check, you are issuing a:

stop payment

When you endorse a check it is smart to write three things on the back. Name them.

signature, account number, deposit only

Some stocks are traded OTC. WHat does OTC stand for?

over the counter

What happens when a parent corporation spins off a subsidiary?

it becomes a separate company

The length of time a bankruptcy remains on a credit report si measured from what date?

the filing date

The payment you make to an insurance company to pay for coverage is known as the:

premium

Name one advantage of a 529 plan or a higher education savings account?

can be used in colleges in any state

Name one source of the information in your credit reports:

credit applications

This strategy encourages investors to select various investment vehicles in order to spread risk:

asset allocation

You amend your w-4 to add an allowance. How will this affect your take-home-pay?

increases

Banks generally require four things when you want to open a basic account. Name two of these items.

social security number, signature

This person relies on a nother for support, This person is called a :

dependant

A three or four letter abbreviation used to represent a stock is known as the:

ticker symbol

After you complete your tax return, you may find you are owed money. This is your:

refund

List two key things you would look for when you want to purchase a safe car:

check recalls and government safety results

Give one warning sign that your employer bay be abusing employee contributions yo your 401k plan.

account balance is innacurate

Any company planning an Initial Public Offering or IPO mist register with what federal agency?

SEC

The best way to avoid bouncing checks is to make sure you have what type of protection?

overdraft protection

What is the best strategy to avoid ATM fees?

use your banks ATM

You bought a stock for $2000 and paid a $50 commission on the purchase. What is your cost basis?

2050

You find a billing error on your credit card statement. How many days do you have to report it?

60 days

You are buying a used car and it comes “as is” WHat type of warranty is offered by the dealer?

none

Your employer send you a w-2 each year during what month?

january

Name one thing that a person should do before buying a used car

get a vehicle history report

The best indicator of the cost of a loan is the:

APR

The maximum amount of credit available on a credit account is called:

credit limit

Items of value that you own, including cast, are described by this item:

asset

How does the availability of consumer credit benefit the car dealer from whom you are buying the car?

you can buy the car now

The buyers guide must be posted on all used cars sold by an auto dealer. Thus rule is required by what federal agency?

FTC

This number helps lenders and others predict how likely you are to make your credit payments on time. Its called your:

credit score

The temporary use of property in return for periodic payments is called?

leasing

While you are driving down a road, the car tends to drift to one side. WHat is a possible cause of this problem?

out of alignment

What is the most well known type of consumer reporting agency in the US?

credit bureau

With this method of payment, your salary goes from your employer to you bank and you never tough your paycheck.

direct deposit

You buy a new car and you know it will depreciate over time. What does depreciate mean?

value lowers over time

Consider your financial assets. What does liquidity measure?

how fast they can be converted to cash

There are two main dangers associated with using a cell phone while driving. Name one:

taking your eyes off the road

You are pulled over while driving. The officer suspets you of DWI. WHat does DWI stand for?

driving while intoxicated

What is the main way that employers encourage employees to contribute to a 401(k) plan?

matching contributions

under court order, and employer withhold a portion of an employees earnings for the payment of a debt

garnishment

it is a payment an employer may provide to an employee upon termination of employment

severance pay

A person who inherits property or money from a person who dies is known as a

beneficiary

what is the tax advantage of a 401(k) investment over a savings account?

lower tax rate

The actual piece of paper that shows that you own a stock in a corporation is called a

stock certificate

if a broker does excessive buying and selling within your investment account, this is called

churning

which US stock market was founded in 1971 as the first electronic stock market

NASDAQ

name, one common way to get a blank, IRS tax form

IRS website

The largest floor based stock market in the US is the

New York Stock Exchange

you on a two-year CD. You were paid simple interest on the investment. How often is simple interest paid?

annually

name two types of information commonly found on your credit report

identification and credit history

name, one benefit of the unemployed receive from unemployment insurance benefits.

money

name one type of inquiry on a credit report that lenders are not allowed to see

Credit report requests

name two fees that are commonly charged in connection with checking accounts?

Overdraft fee and bounced check fee

Insurance that protects employees who are unable to work, it pays a percentage of worker salary when the employee can't work

disability insurance

Turmoil in the Middle East causes an oil shortage. What was his due to price for gasoline in the United States?

prices will increase

The stock price indicator that tracks 500 widely held. Common stocks, is called the:

Standard & Poor's 500 index

The legal obligations of an insurance company to the insured are spelled out in a document, known as the

policy

The payment you make to an insurance company to pay, for the coverage is known as the

premium

after you complete your tax return, you may find you are owed money. This is your:

refund

when baking electronically you were asked to enter number known only by you. What is the term for this number?

PIN

You find a billing error on your credit card statement. How many days do you have to report it?

60 days

earnings after all costs of production have been met, are called

profits

they are standing balance of a loan, not counting interest, and other charges, is called:

principal

A person who buys or sells stocks on an exchange on behalf of a buyer, or investor is called

broker

when a check has been processed by the bank, the check is said to be

canceled

Who are three main types of audits conducted by the IRS name one of them

correspondence, office, field

The membership fee, you pay to have a credit card is better known as the

Annual fee

when you take cash out using your credit card, you were making a

cash advance

when you fail to make payments on the loan, it is said that you are in:

default

if a company earns 20 million dollars this year and has 20 million shares of a stock. Outstanding, what are its earnings per share?

One dollar

The amount of interest assessed on an outstanding credit card balance is known as what?

finance charge

this type of card requires payment in full when you receive your statement

charge card

under the family medical leave act an employee can take up to how many weeks of unpaid leave per year?

12 weeks

you were buying a used car and it comes as is. what type of warranty is offered by the dealer?

no warranty

Your employer sends you a W-2 each year during what month

January

name one thing a person should do before buying a car

get a vehicle history report

The best indicator of the cost of a loan is the

APR

The maximum amount of credit available on a credit card account is called

credit limit

items of value that you own, including cash are described by this term

assets

how does the availability of consumer credit benefit the car dealer from whom you're buying a car?

you can buy the car sooner

The buyers guide must be posted on our cars sold by an auto dealer. This rule is required by which federal agency.

FTC

this number helps lenders and others predict how likely you are to make your credit payments on time. This is called your.

Credit score

The temporary use of property in return for periodic payments is called

renting

what is the most well-known type of consumer reporting agency in the United States?

Credit bureau

with this method of payment, your salary goes from your employer to your bank and you never have to touch your paycheck

Direct deposit

you buy a new car and you know it will depreciate after time. What does depreciation mean?

The value lowers over time

consider your financial assets. What does liquidity measure?

How easily your assets can be converted to cash

When you receive a small amount of money regardless of sales, then receive additional commission, it is called:

Base salary plus commission

According to the OECD Better Life Index, which country has the highest net household disposable income?

Luxembourg

What is the relationship between the living wage and the minimum wage?

There is no formal relationship. The legal minimum wage is not tied to the living wage. The living wage is simply a calculation.

The fiscal year of the United States government ends on what day?

September 20

How do you file your W-4 form?

Your employer should provide you with one that you fill out and return to them

The amount of money leftover after all deductions is called:

net pay

When you stick to a budget and accumulate money for later use, this money is called:

savings

Attending college has a high opportunity cost since you miss out on working. Does this mean college is a bad financial choice? Explain.

No. Sometimes a choice with a high opportunity cost will still lead to net gains in the long run.

What is the opposite of an asset?

liability

Nonprofit credit counselors offer several services. Name one:

Budgeting, money management, strategies to deal with debt, educational materials, workshops, debt management plan

Social Security will pay for roughly what percentage of the average person’s retirement needs?

40%

$100 in your savings account could turn into $105 in a few years. What process accounts for this extra $5?

interest

Would a streaming subscription be categorized as a variable expense?

No. The subscription will be the same price every month, so it is a fixed expense.