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Question 8.8. (TCO 1) An example of _____ is a situation in which
you would use a software program to help track your spending each
week. (Points : 4)
Question 9.9. (TCO 2) An example of _____ would involve a situation
in which Judy Smith and Tom Smith each write their daughter a check
for $12,500 for graduation, instead of giving her one $25,000 check,
so they will not have to pay a gift tax. (Points : 4)
Question 10.10. (TCO 2) A _____ is an employer-sponsored program
that allows a taxpayer to cover medical and child care costs. (Points : 4)
Question 11.11. (TCO 2) The Federal Deposit Insurance Corporation
insures deposits up to $250,000 per person per financial institution.
Joyce has $198,000 in an individual account and $404,000 in a joint
account with her husband, Dan. How much of Joyce's money is not
covered by FDIC insurance? (Points : 4)
Question 12.12. (TCO 2) The most liquid type of account would be a
(Points : 4)
Question 13.13. (TCO 3) All of the following are examples of closed-
end credit except a(n) (Points : 4)