Big Personal Finance Review

Term for when you don't have to pay taxes on your investment's distributions

The world’s largest stock market in terms of dollar volume; It is a physical entity on Wall St.

Type of credit that has a fixed number of payments, such as a car loan

Do or Don’t of Insurance: Go with the bare minimum coverage

All of these are factors in how much your auto insurance premium will cost EXCEPT

The one type of auto insurance coverage that is required by state law is

Fringe benefits of a job include all of the following except

If you make $20.00/hr and work 40 hr/week, and your deductions = $132.69, what is your net pay?

Which credit score below would be the weakest?

This doesn’t use collateral, yet $ could be taken out of your wages if loan is not paid for

Largest U.S. Stock Market (companies listed) where all stocks are traded electronically

Collision coverage covers you specifically for

What factor affects the cost of your auto insurance the most?

Your auto insurance premiums might be higher if

You will pay higher auto insurance premiums if you

Company earnings distributed to shareholders, usually in the form of money or stock

Index tracks the stock prices of the 500 top U.S. companies

T/F: The purpose of insurance is to transfer risk

Term for when you pay taxes on your investment later (on distributions!)

Do or Don’t of Insurance: Insure yourself with uninsured motorist coverage

High-risk stocks that typically sell for less than $1-$3 per share    

The profit from the sale of assets such as stocks, bonds or real estate    

Daily average of the stock prices of 30 of the most successful blue chip companies in the U.S.

T/F: The deductible on insurance is the amount you have to pay before insurance covers expenses

The name for the amount you pay before your insurance payment kicks in

What is the purpose of a sinking fund?

Loan in which the borrower pledges some asset (ex: car) as collateral for the loan

A debt instrument where a company or the government owes you money

Type of credit that allows you use of certain things such as utilities and cell phones

Before you can begin investing, you must have enough money to

Term for when you can write off something on income taxes to help reduce income tax payments

Do or Don’t of Insurance: Own a trampoline

Which of the following actions could you take to increase your chance of being promoted?

A debt instrument that is issued by a corporation, bank, or the government    

T/F: If you have an older car, you can consider dropping liability