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1. Medicaid is available to:
Anyone who requires long-term care assistance.
Anyone with dependent children.
Anyone age 62 or older.
Individuals who have low income and limited assets and meet other qualifications.
2.
When you deposit money into an FDIC-insured bank account, you are considered a(n):
investor.
debtor.
borrower.
lender.
3.
Unemployment benefits typically:
Last for only a limited number of weeks.
Include medical and disability insurance benefits.
Replace 100% of an unemployed persons previous income.
Are only paid to workers that have been employed for at least two years.
4.
Which of the following is the recommended targeted saving rate if you are under age 30?
15%.
12%.
10%.
20%.
5.
All of the following are examples of earned income except:
wages from a job.
a year-end bonus received from an employer.
interest received from a savings account.
commissions earned on the sale of product or services.
6.
Someone who owns the assets of a business is called a(n):
Lender.
Account Executive.
Investor.
Borrower.
Answer & Explanation
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