Financial Literacy Chapter 4

Question 1

The illegal use of someone's personal information is

Accepted Answer

identity theft

Question 2

The impact of inflation and interest on money

Accepted Answer

time value of money

Question 3

Investments owned by a group of people who put ther money together is called

Accepted Answer

mutual fund

Question 4

The amount you pay before you receive benefits from your insurance

Accepted Answer

deductible

Question 5

Over time the cost for items goes up, this is called

Accepted Answer

Inflation

Question 6

Certificate of Deposit (CDs) are for saving money for

Accepted Answer

a fixed time period

Question 7

The best type of account for your emergency fund

Accepted Answer

money market account

Question 8

A professional who manages investments

Accepted Answer

investment advisor

Question 9

If someone falls on your property and sued you, this will protect you

Accepted Answer

liability insurance

Question 10

An investment where you loan money to a government is called

Accepted Answer

bonds

Question 11

You invest money with the hope it can be worth _______ in the future

Accepted Answer

more

Question 12

The purpose of insurance is to

Accepted Answer

protect yourself

Question 13

Investments that represent small pieces of ownership in a company

Accepted Answer

stocks

Question 14

Keeping your birth date, address, and phone number protected is important to prevent

Accepted Answer

identity theft

Question 15

Deception for financial gain is called

Accepted Answer

fraud

Question 16

Amount you pay monthly, or annually to purchase insurance

Accepted Answer

premium

Question 17

Saving money is important to help pay for things in the

Accepted Answer

short term

Questions 17