Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Consumer Ed Honors > Finals extras > Flashcards

Finals extras Flashcards

1
Q

Lowest to highest interest rates
Savings account
Certificate of deposit
Money market

A

Savings, money market, cd

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is it called when you sign the back of a check

A

Endorsement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is common stock

A
  • normal stock

- Shares of a stock that you can buy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What does it mean to put a stop payment on a check and does it cost money

A
  • yes

- stop payment stops the check from going through

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is a check register and why should it be up to date

A
  • check book

- outstanding checks- keep track so you aren’t surprised when they deposit prevent overdraft

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

The value of a home always increases, true or false and why

A

False, they can go down in value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

ARM stands for what

A

Adjustable rate morgage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is eft and an example

A

Electronic funds transfer

- direct deposit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Know what you cannot do at an atm

A

Change pin

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

If someone defaults on a loan, what will happen

A

Assets are repossessed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

In a car insurance policy, what does 50/100/200 represent

A

-limits if there is an accident
50- amount paid per person for bodily injury
100- amount paid in total for bodily injury
200- max out in property damage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is a market order in the stock market

A
  • you pay market price for the stock. Buy it at the current price
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is a limit order in the stock market

A

You set it so it automatically buys if it drops to the price that you set

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is it called when someone sells their assets for cash

A

Liquidity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What can lower your car insurance

A

Discounts

  • multiple lines
  • homeowners and auto insurance with the same company
  • good driving records
  • good grades
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is equity

A

Your owner ship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Two most popular ownership for health insurance and describe them

A

PPO- preferred provider organization,more expensive, more options on hospitals, care, doctors
HMO- health maintenance organization, not as good, but cheaper

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

When buying a house how much should one try to put down

A

20%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

FTC

A
  • Fair trade organization
  • protect consumers from unfair trade policies
  • monopolies, price fixing
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

FDIC

A

-protects your deposits up to $250,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

SEC

A

Securities and exchange commission

- regulates stock company reports

22
Q

FDA

A

food and drug administration

- facts, what is put out

23
Q

FAA

A

Federal aviation and administration

-airline industry

24
Q

Federal reserve

A
  • Monetary y

- controls supply of money

25
IRS
- regulating checks and tax returns
26
BBB
better business bureau | -private, complaints on business made here
27
What can make your credit score go up
- Time, pay back loans, have lines of credit open | - not really income, but more income gives you more limit
28
What can make your credit score go down
- failure to repay | - too many credit lines open
29
What is an example of a good credit score
720
30
What is a reason you might want a good credit score
-effects ability to obtain a loan and interest rates you get
31
Pros and cons of buying and leasing a car
Pros of leasing- new car, under warranty, lower payments | Cons- build no equity, no customizations, miles limites
32
What does comprehensive car insurance cover
-damage to your car not from a traffic accident
33
What does collision car insurance covers
Accident and you are at fault.covers anything damaged
34
What is a co-pay for car insurance
- like deductible | - like if you go to a doctor outside of network you have prescription
35
What is germ life insurance
Only a specific term.
36
What is whole life insurance
Life insurance for your entire life when you die
37
Law of demand
As prices go up, demand goes down
38
Law of supply
As prices go up, quantity goes ho
39
What are monopolies
- companies that have too much power. Set market prices for everything - disney
40
What is the GDP
- Gross domestic product | - how much money is exchanged in a country p/state want it to be high
41
What is CPI
consumer price index | -how expensive it is to be a consumer
42
What is a W4 and why is it used
Before you start your job | -Estimate different deductions
43
What is a W2 and when do you recieve it
Sent to you by Jan 31st ish | -How much you made, federal, state, tips, use to file tax return
44
What number of allowances makes your return the lowest and your taxes the lowest at the end
-0
45
When must your taxes be paid by every year
April 15th
46
What are the major factors that effects the health of the economy
- GDP | - people spending taxes
47
Persuasive advertising
Pursuades you to do something | -ASPCA
48
Brand adertising
- Use overall brand | - Nike
49
Informative advertising
-Facts and stuff, rational | Cars-> safest vehicle
50
What is a pre-existing condition
- Health insurance | - You can't say you are healthy if you have pre exiting conditions
51
According to the Universal Health Care Law, you can stay on your parent's insurance until how old
When you turn 26 you have to get your own insurance
52
What rooms, if remodeled will increase the home value the most
Bathroom and kitchen

Consumer Ed Honors (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions