Which of the following does the Federal Reserve use to regulate the nation's money supply? - ✔✔ Monetary policy
The denominations of coins in the
... [Show More] United States are: - ✔✔ $.01, $.05, $.10, $.25, $.50, and $1.00
The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are: - ✔✔ Salaries, wages, and tips
Which of the following provides an increase in assets or wealth? - ✔✔ Having capital gains
Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able to make the call by using her: - ✔✔ Cash card
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? - ✔✔ Use a random selection of letters and numbers
Money for saving, investing, or spending cannot be from: - ✔✔ Capital losses from the sale of stock
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back? - ✔✔ No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
The common name for U.S. currency is - ✔✔ Green backs
New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the - ✔✔ Federal Reserve System
An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks later, the investor receives notice that the corporation has approved a 2-for-1 stock split. Based on this information, the investor would own at the moment of the split - ✔✔ shares of the stock and the price of each share is $40
As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower then expected if the - ✔✔ one of the apartments is not rented.
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the - ✔✔ brokerage firm is lending the investor 50% of the money
A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that dividend, this means that the $2.00 will go toward buying - ✔✔ more of the same stock
Buying a treasury bill (T-bill) is best for investors who are looking for - ✔✔ a secure, low risk investment.
What is the largest equities market in the world? - ✔✔ New York Stock Exchange (NYSE)
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with: - ✔✔ The Securities and Exchange Commission (SEC)
A pharmacy is to drugs as the American Stock Exchange is to - ✔✔ Securities
The interest earned on United States Series EE Savings Bonds is - ✔✔ exempt from state and local taxes.
Which of the following best describes diversification? - ✔✔ Reducing risk by investing in different types of securities
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - ✔✔ US Treasury Department
Which financial product can you buy for $25, is safe, and will be worth $50 at a future date? - ✔✔ Series EE savings bond
Which documents should be stored in a safe-deposit box? - ✔✔ Mortgage loan papers.
Which is the best example of a way to reduce fees paid for ATM transactions? - ✔✔ When making supermarket purchases with a debit card, a person adds $50 in cash to the transaction instead of using an ATM machine.
Which financial product may pay a dividend? - ✔✔ Common stock
The phrase used for putting money into a savings account is - ✔✔ Making a deposit
Which financial product typically pays the highest rate of interest? - ✔✔ Certificate of deposit [Show Less]