1)
Debit cards are also often called:
A.bank cards.
B.ATM cards.
C.cash cards.
D.check cards.
E.All of these
2) As of 2013, what is the maximum yearly amount that an individual can give as a gift
without incurring gift tax liability or having to report the gift to the IRS?
A.$5,000
B.$14,000
C.$15,000
D.$20,000
E.$25,000
3)
Which of the following is sent to a company to indicate your interest in a position and
to obtain an interview? (Hint: It is generally accompanied by your resume.)
A.List of references
B.College transcript
C.Diploma
D.Cover letter
E.Recommendation letter
4)
What should you do if your identity is stolen?
A.Contact the fraud departments of each of the 3 major credit bureaus.
B.Ignore the problem and hope that it will go away.
C.Close all of your accounts and do not say anything to anyone.
D.Pay all the charges for which you are billed, even if they are not yours, so you can
keep your credit accounts.
E.All of these
5)
If you think you have been discriminated against by consumer reporting agencies or
creditors, you should file a complaint with which government agency?
A.Federal Reserve Board
B.Federal Deposit Insurance Corporation
C.Federal Trade Commission
D.Office of the Comptroller of the Currency
E.National Credit Union Administration
6)
If you sell your home without a real estate agent, you should still employ the services of
a(n):
A.broker.
B.insurance agent.
C.lawyer.
D.contractor.
E.rental agent.
7)
Mellon Manufacturing has after-tax income of $3 million. It also has 2 million shares of
stock outstanding. What is the firm’s earnings per share?
A.$3.00
B.$2.00
C.$1.50
D.$0.67
E.$0.75
8)
Medicare covers the cost of care in what countries besides the United States?
A.Mexico
B.Canada
C.Germany
D.Mexico and Canada
E.Mexico, Canada, and Germany
9)
This morning, you received a phone call regarding a debt you allegedly owe. If you
dispute this debt, you must write to the debt collector and request verification of the
obligation. How many days do you have to send this letter?
A.5
B.10
C.15
D.20
E.30
10)
It is much easier today to find and trade in collectibles than it was in prior years. Which
one of the following is primarily the reason for this?
A.Telephone
B.Internet
C.Magazines
D.Plane travel
E.Automobiles
11)
Which of the following is a disadvantage associated with purchasing a mutual fund?
A.Difficulty of buying and selling shares
B.Aggressive or unethical sales personnel
C.Only one withdrawal option
D.No distribution of income and capital gains
E.All of these are disadvantages associated with purchasing shares in a mutual fund.
12)
Because of the age factor, younger investors tend to invest a large percentage of their
nest egg in what types of investments?
A.Speculative stocks
B.Commodities
C.Municipal bonds
D.Growth-oriented mutual funds
E.Certificates of deposit
13)
A contract condition that states that the agreement is binding only if a certain event
occurs is a(n):
A.dual agency.
B.contingency clause.
C.counteroffer.
D.zoning law.
E.prefabrication.