Saving and Investing Review

Which of the following is the term used to describe when the market is on the rise? 

How much money does it take to open a savings account? 

A fund that pools money together to invest in many companies is a 

A unit of ownership in a company is 

A debt instrument where a company owes you money.

It is just as good to save your money in your sock drawer than a savings account. 

Your money is insured up to __________ at your financial institute. 

Savings rate at commercial banks is typically better than credit unions. 

The electronic trading system that links brokers. 

When comparing rates always look at the APY. 

This is the dollar amount printed on the front of a bond.

A person who handles the transfer of stocks and bonds between buyer and seller. 

An account that allows your money to grow tax-free for retirement.

Interest paid on the principal and previously earned interest. 

This means to spread out your investment. 

Law that states all banks are required to calculate interest in the same way. 

This is the interest paid on your account each year. 

A tax-differed savings plan offered to employees by their employer.

Who insures your money at the credit union? 

A non-voting share of stock that pays a fixed dividend. 

Who insures your money at the bank? 

This is your very best friend when investing. 

Dave Ramsey's baby Step #1 is

When using real estate as an investment, have plenty of 

The availability of your money is 

A fully funded emergency fund has __ to __ months expenses in it. 

When you have a bond, you must keep it for 6 months. 

The profit you earn from selling stock at a higher price than you paid 

The chance that an investment will decrease in value. 

The higher the risk with an investment, the higher the ___________. 

Never invest using ____ money.

A savings tool that ties you money up for a specific amount of time. 

Which of the following is an appropriate expense to use your emergency fund for? 

Financial Institutions that offer memberships to those with a common bond. 

Cd's are big money makers in terms of investments.