Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Banks And Credit
Test Description: Review
Instructions: Answer all questions to get your test result.
1) The total amount of money outstanding on a loan.
A
Time value of money
B
Usury
C
Principal
D
Simple interest
2) The ease with which an asset can be converted into cash
A
FDIC
B
Liquidity
C
Balancing your records with the banks records
D
Face value
3) FDIC protects depositor's money in case of the failure of a bank; up to ______
A
$150,000
B
$250,000.00
C
$200,000
D
$75,000
4) US Treasury Department must notify be to track large deposits, the federal government requires that deposits of ______or more.
A
$32,000
B
$75,000
C
$15,000
D
$10,000
5) Interest earned only on the original amount or principal.
A
Simple interest
B
Compound interest
C
Time value of money
D
Principal
6) How long does it take checks to clear
A
1 business day
B
3-7 business days
C
ASAP
D
7-10 business days
7) Roth Individual Retirement Account (IRA) can be withdrawn _______
A
tax and penalty free
B
Retiremnt
C
401K
D
Matching Income
8) retirement plan when employers often match a portion of every dollar you invest
A
401K
B
A long-term, fixed rate certificate of deposit
C
Stocks
D
CD
9) If you think interest rates will fall in the future, you should invest in long-term Fixed rate
A
Mutual Funds
B
Stocks
C
IRA
D
CD
10) A credit card account is an________ because it does not require collateral.
A
secured loan
B
unsecured loan
C
401K
D
Credit Limit
11) Interest calculated on both the principal and the accrued interest.
A
60 Days
B
Simple Interest
C
Compound interest
D
Time value of money
12) security given for loan, assets to secure the debt
A
CD
B
Collateral
C
Character
D
Capacity
13) Traditional IRA can be withdrawn __________
A
anytime
B
captial
C
but you must pay penalties and taxes
D
Tax free
14) If you have been denied credit,You are entitled to receive a free copy of that credit report within how many days
A
60 days
B
1 year
C
A week
D
1 day
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?