EPF Final Exam Review 2020-2021

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Across
  1. 2. If your health insurance has a low ___ you will have to pay a relatively small amount before your insurance pays for any bills.
  2. 4. A savings instrument that requires a deposit for a specific period of time during which there is a penalty for early withdrawal.
  3. 8. Purchases made with your ___ card are usually deducted immediately from your bank account.
  4. 10. The term used to describe the ease and speed with which you can convert savings or an investment to cash.
  5. 11. The process of matching your checkbook register with your bank statement is called ___.
  6. 12. If a ___ is placed on imported hats, the price of hats will increase.
  7. 13. In addition to ___ ___, employers must withhold Medicare and Social Security from your paycheck.
  8. 15. Shredding personal documents, using difficult PIN numbers, and depositing mail at the secure United States post office collection box are ways to ___ your personal information.
  9. 17. A loan to a company.
  10. 18. When out on your own, develop a ___ and start investing as soon as you can.
  11. 20. Buying food for my family is a ___ expense.
  12. 21. ___ insurance will cover your items if someone breaks into your apartment and steals your flat screen television.
  13. 24. Taxes on the sale of tobacco, gasoline, and alcohol are examples of ___ taxes.
  14. 26. When you drive your brand new car off the car lot it ___ (loses value).
  15. 27. The price of ___ traded on exchanges is determined by supply and demand.
  16. 28. Dishonest business practices that are meant to deceive, trick, or gain an unfair advantage.
  17. 31. Jordan wants to buy a vacation home at the beach. The loan he will need to help him with this big purchase is called a ___.
  18. 32. A monthly mortgage or rent payment is a ___ expense.
  19. 34. A personal property ___ is most commonly used as proof of loss of property.
  20. 38. Compared to other age ranges, teenagers are most likely to may the ___ for insurance.
  21. 40. Salary, wages and allowances which you receive regularly are called ___ income.
  22. 42. Alex is completing a form that walks him through the calculations of his taxes for the prior year. The complete form will be submitted to the government. This form is called a ___ ___.
  23. 43. If enrolled, ___ ___ disability will help replace part of your salary if you are unable to work due to an injury (e.g. break a leg).
  24. 46. The first sale of stock by a private company to the public.
  25. 47. Used to estimate how long it will take to double your investment.
Down
  1. 1. ___ are people you support financially for tax purposes.
  2. 3. A legal document that tells how an estate is to be distributed when a person dies.
  3. 5. An assessment (character, capacity, capital, conditions and collateral) used by creditors to rate the likelihood that a borrower will default on their debt obligation.
  4. 6. The cost to use someone else's money for a period of time and expressed as a percentage.
  5. 7. On a net worth statement, the balance on a store credit card is a ___.
  6. 9. Falling stock prices and pessimistic headlines indicate a ___ market.
  7. 14. Every time you go to your doctor, you pay a ___ fee.
  8. 16. The more often the interest is ___, the more money you can earn.
  9. 18. A type of stock that is part of well-established companies and have strong records of being successful.
  10. 19. Every time Jack buys or sells a stock, he has to pay a ___ fee.
  11. 22. ___ tax is added to the cost of a product at the time of purchase.
  12. 23. It is rarely a good idea to wait on investing for ___; start early so it can grow while you work.
  13. 25. Taxes on property and assets that will be inherited are called ___ tax.
  14. 29. If you borrow $5,000 from ABC Bank to purchase a car, the $5,000 is referred to as the ___.
  15. 30. Percy bought 10 shares of stock for $15 per share and later sold it for $18 per share. This resulted in a ___ gain.
  16. 33. The portion of profit Ms. Marquet receives as a stockowner in Nike is called a ___.
  17. 35. The ___ cost of any decision is the next most valuable choice or the second choice.
  18. 36. The Federal Deposit Insurance Corporation (FDIC) insures accounts in ___ banks.
  19. 37. The financial institution most likely to provide the most variety of services, and offer ATMs and bank locations locally and across the nation.
  20. 39. Cost of maintenance, insurance, and sales and property tax are all considerations when buying a ___.
  21. 41. The federal agency responsible for collecting income taxes is the ___.
  22. 44. Shawna’s market sells toilet paper and is currently running a sale of two products of different sizes. Always use the ___ ___ to figure out the best price.
  23. 45. A spending and savings plan based on your income and expenses which meets your wants and needs.