Please answer all four.

1. Someone who takes risks with his/her money by buying assets or shares in a company in hopes of receiving unearned income in the form of dividends is called a(n):

banker.

lender.

borrower.

investor.

2. Ana runs a small jewelry-making business from her home. She has no full-time employees, but she does pay her son (age 15) to help package and ship products. Over the holidays, Ana and her son put in many hours to meet rush orders. In fact, over the holiday break, her son logged about 60 hours of work. Typically, Ana pays her son $5 per hour. Which of the following is true in relation to this case?

Because he worked extra hours, he can demand an increase in pay to the national minimum wage level.

Because he worked extra hours, he can demand both overtime pay and an increase in pay to the minimum wage level.

Because he worked extra hours, he can demand overtime pay based on the Fair Labor Standards Act.

Because he is employed by his family, he is not entitled to extra pay or overtime pay.

3. In general, an employee being paid a salary is more likely to have _____ paid vacation and other benefits than an employee being paid an hourly wage.

less.

about the same.

impossible to determine.

more.

4. When you deposit money into an FDIC-insured bank account, you are considered a(n):

investor.

borrower.

lender.

debtor.