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  • Which of The Following Instruments Is Not Typically Associated With Spending? A. ATM Card B. Cash C. Certificate of Deposit D. Credit Card

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    Mahadeva Mysore
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    The document contains 10 multiple choice questions testing financial literacy knowledge. The questions cover topics such as types of financial instruments, automobile insurance, government protected savings programs, ATM card usage, credit card theft liability, sources of retirement and personal income, and basic accounting terminology.

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    The document contains 10 multiple choice questions testing financial literacy knowledge. The questions cover topics such as types of financial instruments, automobile insurance, government protected savings programs, ATM card usage, credit card theft liability, sources of retirement and personal income, and basic accounting terminology.

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    Download as ODP, PDF, TXT or read online from Scribd
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    7 views20 pages

    Which of The Following Instruments Is Not Typically Associated With Spending? A. ATM Card B. Cash C. Certificate of Deposit D. Credit Card

    Uploaded by

    Mahadeva Mysore
    The document contains 10 multiple choice questions testing financial literacy knowledge. The questions cover topics such as types of financial instruments, automobile insurance, government protected savings programs, ATM card usage, credit card theft liability, sources of retirement and personal income, and basic accounting terminology.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as ODP, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 20

    1.

    Whichofthefollowinginstrumentsis
    nottypicallyassociatedwithspending?

    a.ATMcard
    b.Cash
    c.Certificateofdeposit
    d.Creditcard

    C.Certificateofdeposit

    2.Ifyouhavecausedanaccident,which
    typeofautomobileinsurancewouldcover
    damagetoyourowncar?

    a.Collision
    b.Comprehensive
    c.Term
    d.Liability

    a.Collision

    3.Manysavingsprogramsareprotectedbythe
    Federalgovernmentagainstloss.Whichofthe
    followingisnot?

    a.Bondissuedbyoneofthe50states
    b.Certificateofdepositatthebank
    c.U.S.Treasurybond
    d.U.S.Savingsbond

    a.Bondissuedbyoneofthe50states

    4.Whichofthefollowingstatementsisnot
    correctaboutmostATMcards?
    a.Youmusthaveabankaccounttohavean
    ATMcard
    b.Youcangenerallygetcash24hoursaday
    c.Youcangenerallyobtaininformation
    concerningyourbankbalanceatanATM
    machine
    d.Youcangetcashanywhereintheworld

    d.Youcangetcashanywhereinthe
    worldwithnofee

    5.Ifyourcreditcardisstolenandthethief
    runsupatotalof$1,000butyounotifythe
    issuerofthecardassoonasyoudiscoveritis
    missing,howmuchwillyouberesponsibleto
    pay?
    a.None
    b.$50
    c.$1,000
    d.$500

    b.$50

    6.Retirementincomepaidbyacompany
    iscalled:
    a.Socialsecurity
    b.Rentsandprofits
    c.Pension
    d.401(k)

    c.Pension

    7.Whichofthefollowingbestdescribesthe
    primarysourcesofincomeformostpeopleaged
    2035?
    a.Profitsfrombusiness
    b.Dividendsandinterest
    c.Rents
    d.Salaries,wages,andtips

    d.Salaries,wages,andtips

    8.IndiareportedhighestGDPrateof9.4%

    inwhichyera.
    a.200506
    b.200607
    c.200809
    d.201112

    b.200607

    9.OldeststockexchangeinAsia
    a.NSE
    b.BSE
    c.SSE
    d.TSE

    b.BSE

    10.Selectthecorrectwordthatdescribes
    theamountbywhichexpensesexceed
    revenues.
    a.retainedearnings
    b.assets
    c.costprinciple
    d.netloss

    d.netloss

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