FP I Objective 4 Vocab Review Question Preview (ID: 61555)


FP Objective 4 Vocab Review. TEACHERS: click here for quick copy question ID numbers.

a dishonest scheme; a fraud
a) scams
b) accounting
c) laws
d) insurance

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) insurance
b) securities
c) investing
d) laws

A tax on imported goods; also called duty
a) tariff
b) price support
c) subsidy
d) public good

Building wealth by using money to make money
a) investing
b) lending
c) laws
d) insurance

Government financial help given to a business
a) subsidy
b) tariff
c) price support
d) monopoly

An illegal activity in which a business charges different customers different prices for similar amounts and types of products
a) price discrimination
b) price supports
c) licensing
d) monopoly

The regulatory agency established by the federal government to enforce laws that protect consumers’ health
a) Food and Drug administration
b) Federal Trade Commission
c) Federal Communications Commission
d) Licensing

A condition in which a market is controlled by one supplier with no substitute goods or services readily available
a) monopoly
b) disposable income
c) fiscal policy
d) price supports

The amount of money people have to spend, or dispose of, after they have paid their taxes; also called discretionary income
a) disposable income
b) monopoly
c) fiscal policy
d) price supports

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) insider trading
b) consumer finance
c) financial services
d) laws

The process of keeping and interpreting financial records
a) accounting
b) finance
c) lending
d) insurance

trading of one currency for another
a) foreign exchange
b) lending
c) accounting
d) consumer finance

The legal owning or lending agreements between individuals, businesses, or governments
a) securities
b) investing
c) lending
d) laws

professional services involving the investment, lending, and management of money and assets.
a) financial services
b) laws
c) accounting
d) investing

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