General Financial Literacy Course - Utah, Financial Literacy State Test Questions and Correct Answers | Latest Update
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Course
General Financial Literacy
Institution
General Financial Literacy
401k
-:- Qualified plan for employees to make contributions on a post-tax or
pretax basis with possible employer contributions and tax-deferred
earnings.
403(b)
-:- Retirement plan for nonprofit organizations
529 Plans
-:- Tax-advantaged savings plans like the Utah Educational Savings P...
✓ -:- A network of financial institutions sharing information on closed
accounts to assess account opening risk.
Closing Costs
✓ -:- Fees paid at the closing of a real estate transaction.
Co-signers
✓ -:- Signing for another person's debt, legally obligating payment if the
person defaults.
Collateral
✓ -:- Security pledged for the payment of a loan.
Commissions
✓ -:- A service charge assessed by a broker or investment advisor.
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