Chapter 8 Personal Finance

Sharon makes $50,000, her company does not match her investment in her 401k. She should:

Long-term investments, properly diversified, include the following mutual funds:

A savings account sold by an insurance company, usually after retirement.

Single stocks and mutual funds carry the same amount of risk.

Tom makes $38,000 his company offers a 401k retirement plan that matches 1:1 up to 5%.

Money markets are great for your emergency fund due to their liquidity and stability.

The benefit of diversification in your investments is:

Saving and investing have nothing to do with the amount of money you make.

The government agency responsible for regulating the stock market

Employee benefits packages:

A young investor willing to take moderate risk for above-average growth would invest in:

If you get into financial trouble, borrowing against your retirement plan is a good option.

Piece of ownership in a company, mutual fund or other investment

In some cases, employers will match the employee contribution, this statement refers to:

A reason that people need to save and invest is to:

Which of the following is a good investment option?

A list of your investments

Savings accounts and money-market accounts are most appropriate for:

Which statement is true about liquidity?

When buying and selling investments, you should not:

Good investment portfolios are extremely complex.

You can start investing with a small amount of money.

A retirement plan found in nonprofit organizations such as churches, hospitals and schools.