Personal Finance + Taxes Quiz Review

Which of the following is considered a financial asset?

The ability to turn an asset quickly into cash is considered

Banks lend out ___% of money deposited and reserve ____%

Banks make profit by

Hedge funds are private organizations that are made up of beginner investors.

You bought a stock for $25.00 and sold it for $75.00. You just experienced a

Mortgages are loans that are issued to buy

Credit cards differ from debit cards because

Usually in investing, the higher the risk, the

An operating budget must be a balanced budget.

The federal income tax is an example of

A stock is riskier than a bond.

I buy a $10,000 bond with a 5% interest rate. My par value is

Progressive taxes can be summarized as

Banks are nonprofits.

Regressive taxes hurt

Junk bonds are the ____bonds because of the ______

Your taxable income is

Compound interest differs from simple interest because

The two largest sources of revenue for state governments are sales and individual income taxes.

Stockbrokers are people who

An advantage of being a bondholder is that you own a part of the company.

The biggest stock exchange is the

The 2 largest indexes that aim to represent the market is

Mutual funds are a great investment because