Tema
Q:
Paper money printed in Canada cannot be exchanged for gold or silver. Its
value is entirely based on consumers' faith in the Canadian government that
issued it. This makes paper money in Canada an example of:
A. fiat money.
B. representative money.
C. inflated money.
D. commodity money.
Q:
Mandatory spending refers to programs in the U.S. federal budget that:
A. have funding levels controlled by Congress.
B. must receive a certain level of funding by law.
C. are funded by states rather than the federal government.
D. can only be funded in periods of economic recession.
Q:
The total amount of money a person can borrow using a credit card is the
A. credit score
B. minimum monthly payment
C. credit limit
D. interest rate
Q:
Which information is on a W-2 tax form?
A. Proof that an employee can legally work in the country
B. The number of dependents an employee will claim
C. Total earnings and tax deductions from an employer
D. Average income tax paid over the past five years
Q:
The amount of money a person pays each month to secure insurance
coverage is the
A. policy
B. premium
C. deductible
D. collateral
Q:
A brokerage firm that buys stocks using clients' deposits in order to earn a
profit is which type of financial institution?
A. Depository institution
B. Fractional institution
C. Contractual institution
D. Investment institution
Q:
Why do banks practice fractional reserve banking?
A. It increases the value of collateral used to secure mortgages.
B. It encourages customers to accept higher interest rates on loans.
C. It allows them to lend more money than they hold in deposits.
D. It ensures that all customers can withdraw their funds at once.
Q:
If you are long an at the money calendar spread your position would be measured at which of the following greeks?a. Long vega, short γ, positive θ Mb. Short vega, short γ, positive θ Mc. Long vega, long γ, positive θ Md. Long vega, short γ, negative θ M
Q:
A person earns \( \$ 50,000 \) per year. She deducts \( \$ 3,000 \) for charitable
donations. She also receives a \( \$ 2,000 \) tax credit.
What is the person's taxable income?
A. \( \$ 47,000 \)
B. \( \$ 48,000 \)
C. \( \$ 52,000 \)
D. \( \$ 50,000 \)
Q:
A loan taken out by a government that is repaid in a fixed amount at a specific
time is a
A. savings account
B. stock
c. hedge fund
D. bond
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