W!SE Financial Literacy Practice Test Questions with Complete Answers, A+ Which of the following does the Federal Reserve use to regulate the nation's money supply? - ✔✔ Monetary policy
The denominations of coins in the United States are: - ✔✔ $.01,
$.05, $.10, $.25, $.50, and $1.00 The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security
are: - ✔✔ Salaries, wages, and tips
Which of the following provides an increase in assets or wealth? - ✔✔ Having capital gains 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:
- ✔✔ Cash card
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? - ✔✔ Use a random selection of letters and numbers
Money for saving, investing, or spending cannot be from: - ✔✔
Capital losses from the sale of stock 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 instead of the agreed to $25.How can Susan get the $75 back? - ✔✔ No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN 1 / 2
The common name for U.S. currency is - ✔✔ Green backs New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the - ✔✔ Federal Reserve System An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks later, the investor receives notice that the corporation has approved a 2-for-1 stock split. Based on this information, the investor would own at the moment of the split - ✔✔ shares of the stock and the price of each share is $40 As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower then expected if the - ✔✔ one of the apartments is not rented.Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the - ✔✔ brokerage firm is lending the investor 50% of the money A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that dividend, this means that the $2.00 will go toward buying - ✔✔ more of the same stock Buying a treasury bill (T-bill) is best for investors who are looking for - ✔✔ a secure, low risk investment.What is the largest equities market in the world? - ✔✔ New York Stock Exchange (NYSE) Before the Kiss Corporation can issue stocks or bonds, it must
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