GENERAL
1. More than likely, a dollar today is worth _________  a dollar will be worth tomorrow or in future years.
    A. more than           C. the same as
    B. less  than            D.  no different than

2. Net worth equals your __________ minus __________.

3. FDIC stands for _____________ and insures qualified bank deposits up to a maximum amount
   

4. APR stands for ______ and is comprised of ___ ____ plus any other finance charges.

5. ARM stands for _______ and is the opposite of a _____ rate mortgage.

6. One difference between an investment and traditional savings accounts is that the principal amount of  an investment is ____________.
    A. not risked                                   C. indexed for inflation
    B. not guaranteed against loss     D. FDIC insured

7. Which government agency is most likely to give you information regarding identity theft?
    A. SBA                     C. FCC
    B. HUD                     D. FTC

RETIREMENT
8. IRA stands for _________.

9. If you do not actively participate in a qualified retirement plan, you may fully deduct your contribution to your traditional IRA as long as that limit is within the contribution limit.    True or False

10. Contributions to a ________ IRA are never tax deductible.
       A. Traditional
       B. Roth

11. Depending on the type of retirement plan, you may have to pay a ____ % penalty for early withdrawal plus any taxes owed.
      A. 2                      C. 10
      B. 5                      D. 20

12. Social Security was never intended to be a person’s _______ source of retirement income.
      A. dependable     C. extra
      B. sole                  D. inadequate