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Unit Four: Personal Finance Flashcards | StudBud
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Unit Four: Personal Finance
Unit Four: Personal Finance
20 terms
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#Unit 5, #Budget #Credit, #Investing
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
When you spread out your investments to lower the risk of small returns this is called
Diversification
Determinants
Identifaction
Wealth
2
Who is more likely to earn more over their lifetime?
Someone who dropped out of high school
A college graduate
Someone with some college level classes
A high school graduate
3
What is the general relationship between risk and reward/return?
Low risk, high rewards
No risk. high rewards
High risk, high rewards
High risk, low reward
4
Which of theses investments would be at the top of an investment pyramid?
stocks
bonds
mutual funds
savings accounts
5
Which of the following is not an investment option?
Checking Account
Bonds
Stocks
401K
6
Which FICO credit score range listed below would be consider "
good
"credit?
580 to 699
670 to 739
740 and above
300 to 579
7
Goals are more likely to be achieved if you
Create a plan then share your goal with someone.
Think about what you want.
Keep it a secret.
Create a plan and keep it a secret.
8
Which of the following would be the safest type of investment listed below?
A Car
CD's
Bonds
Stocks
9
Which of the following is
not used
in determining one's credit score?
New lines and credit and closed lines of credit
Length of credit history and types of credit
How much you make and college level
Payment history and total amount owed
10
What items are needed to open a saving and checking account?
Passport, address and social security card
Address, deposit and money
ID, social security card, and a small deposit
ID, social security card, good credit
11
Higher education tends to lead to which of the following
higher income
better credit history
lower savings
more problems
12
Which investment option listed below has the most growth potential?
CD's
Bonds
Cars
Stocks
13
Which of the following
investments options
has the most
liquidity
?
Property
Saving Account
Mutual Funds
Gold
14
Which of the following will
harm
your credit score?
Making payments on time.
Paying off debt.
Keeping credit card balances low.
Closing unused card accounts.
15
A mutual fund is
an investment made up of a pool of money from many investors
a stronger and more secure savings account
an investment made up of credit card funds
the same a stock
16
Which of the following is a form of good debt?
Buying a house and taking out a mortgage.
Credit cards debt that you plan to pay back over the next two years.
Taking out a loan for college then dropping out.
Taking out a loan to buy a new car with cash.
17
Which of the following would be a good
long term
investment option?
Checking and savings account.
Stocks and bonds.
Working and saving 5% of your income at the bank.
CD's and a checking account.
18
How much of your income should you try to save?
5%
30%
20%
50 %
19
Stocks can be defined as
government debt with a maturity date of 10 years or more
a risky investment backed by the government
private securities with high returns
ownership in a corporation that represents a claim
20
High credit may help in determining the size of an initial deposit required in all
except
renting a home
buying a cellphone
booking a hotel
put a down payment on a car
