FBLA PERSONAL FINANCE COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS
VERIFIED SOLUTIONS
Question:
Net worth.
Answer:
Amount by which assets exceed liabilites
Question:
Stop payment order.
Answer:
A request that the bank not cash or process a specific check
Question:
avocation.
Answer:
secondary occupation
Question:
AMEX.
Answer:
The American Stock Exchange, which is one of the organized stock markets in the US
Question:
403(b) plan.
,Answer:
A retirement account for employees of schools, tax-exempt organizations, and government units
Question:
Municipal bond.
Answer:
Debt securities issued by governments that r used to fund schools highways sewers, not issued by
federal
Question:
Bank.
Answer:
A financial institutions that accumulates deposits and channels money into lending activities
Question:
tax liability.
Answer:
the total amount of taxes owed
Question:
Bonds.
Answer:
Cover terms longer than 10 years interest paid 6 months
Question:
Borrower.
Answer:
,The person who borrows money or uses another form of credit
Question:
personal factors that change your buying patterns.
Answer:
age, lifestyle, employment status
Question:
Finance.
Answer:
Management of large amounts of money
Question:
Common stock.
Answer:
A class of stock whereby the person who owns the stock shares directly in the success or failure of
the business
Question:
Prospectus.
Answer:
Detailed financial information about a mutual fund company or a company issuing stock
Question:
Late payment fee.
Answer:
A charge added to an account if a required payment is not received by a specific date
, Question:
Down payment.
Answer:
An amount given as security for a loan to ensure that other remaining payments will be made
Question:
Appendix.
Answer:
additional information on a business plan, resumes, permits, leases, and other documents
Question:
tax avoidance.
Answer:
the use of legitimate methods to reduce one's taxes
Question:
Account and Routing Numbers.
Answer:
the account number appears in bank coding at the bottom of each check. The routing number is for
the electronic sorting and routing of checks.
Question:
venture business.
Answer:
a business in which the owner wants it to grow into a large company with unlimited growth potential
VERIFIED SOLUTIONS
Question:
Net worth.
Answer:
Amount by which assets exceed liabilites
Question:
Stop payment order.
Answer:
A request that the bank not cash or process a specific check
Question:
avocation.
Answer:
secondary occupation
Question:
AMEX.
Answer:
The American Stock Exchange, which is one of the organized stock markets in the US
Question:
403(b) plan.
,Answer:
A retirement account for employees of schools, tax-exempt organizations, and government units
Question:
Municipal bond.
Answer:
Debt securities issued by governments that r used to fund schools highways sewers, not issued by
federal
Question:
Bank.
Answer:
A financial institutions that accumulates deposits and channels money into lending activities
Question:
tax liability.
Answer:
the total amount of taxes owed
Question:
Bonds.
Answer:
Cover terms longer than 10 years interest paid 6 months
Question:
Borrower.
Answer:
,The person who borrows money or uses another form of credit
Question:
personal factors that change your buying patterns.
Answer:
age, lifestyle, employment status
Question:
Finance.
Answer:
Management of large amounts of money
Question:
Common stock.
Answer:
A class of stock whereby the person who owns the stock shares directly in the success or failure of
the business
Question:
Prospectus.
Answer:
Detailed financial information about a mutual fund company or a company issuing stock
Question:
Late payment fee.
Answer:
A charge added to an account if a required payment is not received by a specific date
, Question:
Down payment.
Answer:
An amount given as security for a loan to ensure that other remaining payments will be made
Question:
Appendix.
Answer:
additional information on a business plan, resumes, permits, leases, and other documents
Question:
tax avoidance.
Answer:
the use of legitimate methods to reduce one's taxes
Question:
Account and Routing Numbers.
Answer:
the account number appears in bank coding at the bottom of each check. The routing number is for
the electronic sorting and routing of checks.
Question:
venture business.
Answer:
a business in which the owner wants it to grow into a large company with unlimited growth potential
