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JA Finance Park: Saving and Investing Flashcards | StudBud
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JA Finance Park: Saving and Investing
JA Finance Park: Saving and Investing
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Review of Junior Achievement Finance Park Savings and Investment Unit
Flashcards
26 cards
F
Practice quiz
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Host live
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Questions
26
Answers
1
A business that provides money-related services.
A privately-owned company.
A publicly-owned company.
A financial institution.
A Trump casino.
2
medium risk, low-medium reward, not insured, commit money for set time or penalty, loan to gov.
Bonds
Mutual Funds
Money Market
Stocks
3
The amount of money you originally invested or borrowed.
Share
Risk
Principal
Interest
4
The higher the risk, the higher potential __________.
renewal
revenge
return
re-assessment
5
A share of a corporation/business/company sold to the public.
Mutual Fund
Mocha Latte
Stock
Bond
6
Which would earn the least return?
Bonds
Stocks
Mutual Funds
Certificate of Deposit
7
low to high risk, low to high rewards, professionally managed, pool of investors, diversified
Stocks
Mutual Funds
Bonds
Money Markets
8
A collection of stocks and/or bonds and other investments managed by a professional for a group
Stock
Bond
Money Market Account
Mutual Fund
9
What does PYF stand for?
Pay Yourself First
Prepay Your Finances
Prepare Your Future
Pay Your Friends
10
The FDIC insures depositors' accounts up to $__________ per financial institution.
$250,000
$2,500,000
$25,000
$2,500
11
The possibility of financial loss or physical harm.
Cost
Return
Reward
Risk
12
medium to high risk, low to high reward, not insured, sold in shares, prices go up and down
Money Markets
Stocks
Bonds
CDs
13
Investment that's basically an IOU with a set rate of return. A loan to a company/government.
Savings Bond
Stock
Mutual Fund
Savings Account
14
What is FDIC (Federal Deposit Insurance Corporation)?
car insurance
health insurance
home insurance
bank insurance
15
Account at a financial institution where you keep money safe for the future. Earns very little
Mutual Fund
Bond
Stock
Savings Account
16
Low risk, low return, take your $ anytime, low initial deposit, low minimum balance, insured
Certificate of Deposit
Money Market Account
Savings Account
Mutual Fund
17
What does PYF mean?
Paying for all your primary expenses first.
Saving whatever is leftover at the end of the month.
Take yourself shopping
Saving money for the future first.
18
Low risk, low reward, high deposit, commit money for set period of time or penalty, insured
Savings Account
Money Market Account
Certificate of Deposit
Mutual Fund
19
Examples of financial institutions
car dealership, bank, mortgage company
payday loan business, mortgage firm, ATM machine
bank, credit union, investment firm
insurance company, bank, car dealership
20
Which of the following savings/investment option has the LOWEST financial RISK?
Mutual Funds
Stocks
Bonds
CD (Certificate of Deposit)
21
A fee received or paid for the use of money. Also a way that an account can make a return.
Share
Interest
Risk
Bond
22
To commit money to earn a profit or interest.
Paycheck
Risk
Pay Yourself First
Invest
23
Which of the following has the potential to earn the greatest return?
Dolla Dolla Bill Y'all
Stocks
Certificate of Deposit
Savings Account
24
Which of these savings/investment options is "safest" in terms of RISK of financial loss?
Bond
Mutual Fund
Certificate of Deposit
Stock
25
Which savings/investment option is NOT insured?
Savings Bond
Money Market
CD
Savings Account
26
Stocks are insured
True
False
