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FP I Objective 4 Vocab Review
Test Description: FP Objective 4 vocab review
Instructions: Answer all questions to get your test result.
1) The amount of money people have to spend, or dispose of, after they have paid their taxes; also called discretionary income
A
monopoly
B
fiscal policy
C
disposable income
D
price supports
2) A condition in which a market is controlled by one supplier with no substitute goods or services readily available
A
disposable income
B
fiscal policy
C
monopoly
D
price supports
3) The regulatory agency established by the federal government to enforce laws that protect consumers’ health
A
Licensing
B
Federal Trade Commission
C
Food and Drug administration
D
Federal Communications Commission
4) An illegal activity in which a business charges different customers different prices for similar amounts and types of products
A
monopoly
B
price discrimination
C
licensing
D
price supports
5) Government financial help given to a business
A
subsidy
B
tariff
C
price support
D
monopoly
6) A tax on imported goods; also called duty
A
tariff
B
public good
C
subsidy
D
price support
7) Building wealth by using money to make money
A
insurance
B
laws
C
investing
D
lending
8) A contractual agreement in which one company (insurer) will pay for specified losses incurred by the other company (insured) in return for installment payments (premium)
A
investing
B
laws
C
securities
D
insurance
9) a dishonest scheme; a fraud
A
laws
B
scams
C
accounting
D
insurance
10) When a company’s owners, directors, or key management trade its stock; illegal when trading on information that is not disclosed to the public
A
laws
B
financial services
C
consumer finance
D
insider trading
11) The process of keeping and interpreting financial records
A
accounting
B
insurance
C
finance
D
lending
12) trading of one currency for another
A
accounting
B
lending
C
consumer finance
D
foreign exchange
13) The legal owning or lending agreements between individuals, businesses, or governments
A
laws
B
securities
C
investing
D
lending
14) professional services involving the investment, lending, and management of money and assets.
A
investing
B
accounting
C
financial services
D
laws
*select an answer for all questions
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