Intro To Finance Question Preview (ID: 33596)
WISE Review Questions.
TEACHERS: click here for quick copy question ID numbers.
Which of the following does the Federal Reserve use to regulate the nation's money supply?
a) fiscal policy
b) proposing legislation
c) monetary policy
d) regulations
When money is not used and goods and services are exchanged for other goods and services, this system is called
a) credit
b) money
c) barter
d) checks
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 insead of the agreed $25. How can Susan get the $75 back?
a) Demand the ABC Credit Union reimburse her for Marie's unathorized transaction
b) File a complaint with the Federal Reserve Board to reimburse her for Marie's unauthorized transaction
c) Demand that the bank where Marie has her checking account reimburse her for Marie's unauthorized transaction.
d) No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
Identify the background color of a U.S. $5.00 bill
a) Orange
b) Blue
c) Green
d) Yellow
The common name for U.S. currency is
a) orange backs
b) blue backs
c) green backs
d) yellow backs
Which of the following provides an increase in assests or wealth?
a) volunteering at a hospital
b) taking out a loan
c) having capital gains
d) running in the marathon
Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used her debit card, her maximum liabilty is
a) $50
b) $500
c) Unlimited liabilty
d) No liabilty because she notified the financial institution
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
a) credit card
b) identification card
c) cash card
d) traveler's check
Which of the following is a disadvantage of using phone cards, debit cards, electronic transfers, and ATM cards?
a) Consumers can make purchases without writing checks.
b) They expose consumers to greater likelihood of identify theft.
c) They slow down the economy's recovery.
d) They decrease availability of currency in the economy.
The demoninations of coins in the United States are
a) $.01, $.05, $.10, $.25, $.50, and $1.00.
b) $.01, $.30, $.50, and $5.00
c) $.05, $.10, $.50, $.75, $10.00
d) Coins can be in any denomination a consumer desires
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 33596 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 33596 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register