F.Lit. Exam

Card Set Information

Author:
seniorcompany18
ID:
156954
Filename:
F.Lit. Exam
Updated:
2012-06-02 20:30:00
Tags:
financial literacy final
Folders:

Description:
Final 3!
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user seniorcompany18 on FreezingBlue Flashcards. What would you like to do?


  1. the ability to buy or sell an investment quickly without substantially reducing its value
    investment liquidity
  2. when you have enough money in your account to pay for the check you have written you can___
    cover that check
  3. what kinds of bonds are issued by the General Electric Company?
    corporate
  4. a document that allows a person to act on someone else's behalf
    power of attorney
  5. SEC
    Securities & Exchange Commision
  6. the difference between the price at which a home could be sold and the amount owed on the mortgage
    equity
  7. stocks and bonds AKA
    securities
  8. the return on an investment, or amount of money an investment earns
    yield
  9. ability to quickly turn an investment to cash
    liquidity
  10. FDIC insures individual accounts up to:
    250,000
  11. guarantees interest rate on a bank deposit for up to 5 years
    CD
  12. market economy
    gov controls most of the productive resources
  13. command economy
    gov controls the important economic resources
  14. giving up something in exchange for something else
    opportunity cost
  15. occurs when there is too much money in circulation
    inflation
  16. amount of an employee's income that an employer sends directly to the government
    withholdings
  17. tax imposed on the manufacture and distribution of certain consumer goods
    excise tax
  18. when a portion of the federal tax fund is porvided to the state government
    revenue sharing
  19. process of listing deductible personal expenses on a tax form
    itemization
  20. employers withhold what from your paycheck?
    State, FICA & Federal Taxes
  21. FICA consists of:
    Social Security & Medicare
  22. form used to compute the amount of federal income tax to withhold
    W-4
  23. decreases the income that is subject to tax by the exemption amount
    exemptions
  24. total dollar amount you pay to use credit
    finance charge
  25. 4C's: describes the worth of the borrower in the event that they may not be able to repay their loan
    capital
  26. a non-installment credit
    studen tloan
  27. fee creditors charge for using their money
    interest
  28. whether you have a job, how much you make, and how long you've been employed
    capacity
  29. regular payment required to purchase interest
    premium
  30. collision
    insurance that covers your own car in an accident that was your fault
  31. amount item is currently worth
    market value
  32. insurance that covers damage to the vehicle of the insured person no matter who is at fault
    collision
  33. asset that lenders can take from you if you don't repay the loan
    collateral
  34. items of value that lenders can sell to repay the loan
    capital
  35. ability to pay back loan
    capacity
  36. low P/E =
    good investment
  37. protects you when you cause an auto accident resulting in injury/death of other parties
    bodily injury liability
  38. protects you when you cause an auto accident in which the property of others is damaged
    property damage liability
  39. physical damage insurance pays for loss or damage due to most other causes (theft, fire, wind, flood)
    comprehensive

What would you like to do?

Home > Flashcards > Print Preview