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Unit 3 Personal Finance Flashcards | StudBud
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Unit 3 Personal Finance
A will written by a lawyer
Investing in multiples of 100
Unit 3 Personal Finance
36 terms
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1
Investing in multiples of 100
Circle Lot
Square Lot
Triangle Lot
Round Lot
2
A will written by a lawyer
Creative Will
Hard Will
Simple Will
Holographic WIll
3
Stocks that do well in all economic periods
Blue Chip Stock
Offensive Stock
Defensive Stocks
Cyclical Stocks
4
When you make money in the stock market
Capital Loss
Capital Gain
5
Who issues a a municipal bond?
All are correct
State Government
Local Government
City Government
6
Passing risk and reward on to the investor
Call Option
Short Selling
Post Option
Future Option
7
You give them money but also tell them what to invest in.
Full Service Broker
Discount Broker
8
Government bonds have lower interest rates than other types of bonds.
True
False
9
Dollar Cost Averaging is
Always buying the same number of stocks each month
Buying different stocks each month
Spending the same amout of money each month on stocks
Buying the same stock each month
10
What is must be true for a Reverse Mortgage
must be repaid by you or heir
must have house paid off
must be 65+ years old
All are correct
11
If someone is intestate, what happens to their possessions
Given to next of kin
Awarded to the state
Donated to charity
Thrown away
12
What is the most popular retirement account?
403k
402k
404k
401k
13
A loan that must be repaid at maturity
Stock
Annuity
Mutual Fund
Bond
14
Tax on property before it is passed down
Estate Tax
Federal Gift Tax
Income Tax
State Death Tax
15
When someone stands in for you in legal situations
Power of Heir
Power of Attorney
Power of Will
Power of the Courts
16
Someone who inherits property is known as an heir
False
True
17
To legally change a will
Codicil
Modicil
Sodicil
Wodicil
18
A bond that has a low or no rating
Junk Bond
Zero Coupon Bond
Registered Bond
Convertible Bond
19
IRA stands for
Individual Retirement Account
Individual Retirement Association
International Retirement Account
International Retirement Association
20
Can transfer a bond to a stock
Callable Bond
Junk Bond
Zero Coupon Bond
Convertible Bond
21
Diversification is buying a wide variety of stocks and bonds
False
True
22
These stocks follow the curve of the economy
Cyclical Stock
Blue Chip Stock
Offensive Stock
Defensive Stock
23
A popular and well known company
Blue Chip Stock
Green Chip Stock
Yellow Chip Stock
Red Chip Stock
24
Opportunity to buy stocks at a later date
Post Option
Futures Option
Short Selling
Call Option
25
Issuer has the right to pay back before maturity date
Junk Bond
Callable Bond
Convertible Bond
Zero Coupon Bond
26
What does NAV do?
Tells you value of a persons estate
Tells you value of stock
Tells you value of bond
Tells you value of mutual funds
27
Tax applied when you give more than $15,000 in a year
Gift Tax
Estate Tax
Income Tax
State Death Tax
28
What are two ways that retirement accounts are taxed
East Load and West Load
Right Load and Left Load
North Load and South Load
Front Load and Back Load
29
A pool of money, that is collected from a large group of people, to be invested
Stock
Bond
Mutual Fund
Future Option
30
Backed by assets
Secure Bond
Debenture
Junk Bond
Callable Bond
31
You give them money and they make all your investments.
Full Service Broker
Discount Broker
32
Commodities are raw materials bought and sold on the open market
True
False
33
Tax on the property you inherit
Income Tax
Federal Gift Tax
State Death Tax
Estate Tax
34
When you lose money in the stock market
Capital Loss
Capital Gain
35
What is true of common stock?
Gives you voting rights
Variable Dividends
All are correct
Most popular type of stock
36
Hand written will
Holographic Will
Creative Will
Hard Will
Simple Will
