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Money Matters Fall Semester Review Flashcards | StudBud
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Money Matters Fall Semester Review
Money Matters Fall Semester Review
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StudBud Administration
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A #personal #financial #literacy review covering topics included in the fall semester 2018
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Which of the following type of valuable goods can be considered an investment?
collectibles
All of the above.
gemstones
precious metals
2
Cash and savings that can be converted to cash quickly and easily are
current liabilities
current assets
fixed assets
long-term liabilities
3
Investing a fixed dollar amount at regular intervals without regard to current price is, _____.
net asset value investing
buy-and-hold investing
dollar-cost averaging
a DRIP
4
When a budget period ends, fill in the _______ column and total each section.
Actual
Planned
Estimated
Variance
5
Which of the following statements is true of Internet banks?
Most of their services must be paid for with service charges
low overhead allows them pay higher interest on savings
They have high operating expenses due to full staffing 24/7.
Most Internet banks staff brick and mortar locations
6
What is a certificate of debt issued by a corporation or government?
bond
mutual fund
dividend
stock
7
Which of the following topics should be considered when shopping for a checking account?
restrictions and penalties
interest rates
All of the above
fees and charges
8
Monthly rent payments are an example of a(n) _______ expense.
emergency
fixed
variable
discretionary
9
If you receive a check that you will deposit tomorrow, but endorse now...you should use a _____
blank endorsement
descriptive endorsement
special endorsement
restrictive endorsement
10
Which of the following is necessary to use the Rule of 72?
An interest rate of 10% or more
A minimum of 25 years
A minimum of $5,000
A fixed interest rate
11
Planning to buy a car in one year is an example of a ________ goal.
medium-term
realistic
long-term
short-term
12
Which of the following items is
not
characteristic of a passbook savings account?
low interest rate
requires a high minimum balance
few fees
unlimited withdrawals
13
A(n) ______ check is written with a future date.
bounced
invalid
overdrafted
postdated
14
Which investment is created by pooling investor funds and then buy a collection of securities?
investment club
common stock
mutual fund
corporate bond
15
Data ________ is the process of studying data with the goal of discovering new information.
processing
inputting
analysis
synthesis
16
How long should the money in your emergency fund cover?
three months
one year
six months
eight to ten months
17
Which savings product requires a person to commit his or her money the longest period of time?
passbook savings account
high-yield savings account
certificate of deposit (CD)
interest-bearing savings account
18
In which market do investors purchase securities from other investors?
secondary
new-issues
primary
IPO
19
A payroll savings plan (PSP) is another application of which strategy?
time value of money
Rule of 72
compounding interest
pay yourself first
20
In what stage of the family life cycle does retirement usually occur?
developing stage
aging stage
launching stage
expanding stage
