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Chapter 6: Personal Finance Flashcards | StudBud
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Chapter 6: Personal Finance
Chapter 6: Personal Finance
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Flashcards
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Questions
10
Answers
1
Which of the following is an example of a stock market index?
Dow Jones Industrial Average
American Exchange Bond Market
Securities and Exchange Commission
New York Stock Exchange
2
Accounts with a set maturity
require you to wait until an amount of time has passed
offer lower interest rates than a savings account
allow you to take money out at any time
3
Which can make money very quickly but is considered a risky investment?
stocks
mutual funds
savings account
4
period of time at the end of which deposits will pay a stated rate of interest
maturity
price window
credit requirement
5
What is the term for a go-between for buyers and sellers of stocks and bonds?
commissioner
stock broker
floor trader
6
When you save money in a bank or fund, how does that help the economy?
You are not spending your money.
Banks and businesses use your money to invest.
Banks use your money to fund charities.
7
Which has become one of the credit card industry's biggest money makers mentioned in the video?
late fees
lawsuits against customers
taxes charged by the government
8
The term for raising interest rates when customers are late on payments to OTHER companies is
FICO score
universal default
credit inquiry
9
A company plan that provides retirement income for their workers is a
pension plan
mutual fund
certificate of deposit
10
Which of the following usually requires a minimum balance?
basic savings account
certificates of deposit
money market deposit account
