MVHS Financial Literacy Unit 4 Test Review

What is savings?

An(ETF) is a diversified investment fund that trades on an exchange and intraday, like a stock .

This measures a stocks volatility compared to overall changes in the stock market?

Diversification is

Bonds are

Which investment plan offered by employers is pre-tax and often has some sort of employer match?

What is inflation?

What is the fund called that uses Professional managers, pools investment money and diversifies the monies?

You invest $2000 and get a 6% APR. How many years will it take for it to double in value?

How much money should you have in your savings account incase of loss of employment?

Dividends are part of the firm's profits that they share with stockholders

Interest is considered the price of what?

What type of return allows you to earn interest upon interest?

You invest $4000 and get an 8% APR. How many years will it take for it to double in value?

Big name stocks that have a long history of being successful are called:

Depository Institutions offer a wide variety of services including:

Generally speaking, the "Higher the rate of return, the __________ the risk."

Investments that represent ownership in a company are called:

This type of plan - you put in after-tax dollars, it grows and comes out tax free - usually not offered by the employer

Consumers benefit from using a checking account because it will:

Debit cards are beneficial because the consumer:

A high risk stock that has the potential for high earnings has what classification?

What is compound interest?

What is an example of a Tax Deferred Account?

How liquid is a savings account?

Funds deposited in a federally insured account (FDIC) are protected against loss for up to:

What will $10,000 be worth in 24 years if it is invested at a 6% annual rate of return?

The amount of money of your original loan:

Funds in a checking account can be accessed by using a/an:

Banking from home can be performed by using a:

What factor affects the time value of money?

The primary purpose of a checking account is to:

One type of on-line banking called Reoccurring payment allows the customer to:

What does “pay yourself first” mean?

Which financial principle helps you figure out how long it takes your money to double in value?

Online banking allows the consumer to:

Money set aside for short-term goals is usually placed in which of the following accounts?

What are the costs of procrastinating your retirement investments?

A disadvantage of using online banking is that you do not:

To use ATM and debit cards safely , the consumer should: