stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
HERO Personal Finance 2016 Flashcards | StudBud
Explore
/
HERO Personal Finance 2016
HERO Personal Finance 2016
16 terms
·
StudBud Administration
·
29 plays
Imported from external platform
Flashcards
16 cards
F
Practice quiz
P
Host live
L
Questions
16
Answers
1
The ability to quickly turn an investment into cash is called?
Debit Card
Valid
Alteration
Liquidity
2
What is the formula for wealth?
Increase assets decrease debt
Increase debt decrease income
Increase hours worked decrease savings
3
The Amount left in your check after all the deductions have been taken out is called
Surplus Pay
Gross Pay
Net Pay
Opportunity Cost
4
Pursuing your education and continually updating your skills is an investment in?
Capital Investment
Family
Human Capital
5
Money set aside for future use is called ____________
Savings
Compounding Interest
Liquidity
Debit Card
6
What is an account that earns interest on the balance?
Check
Direct Deposit
Interest-earning account
Schwab Account
7
When you give up one thing in order to get another it is called?
Fixed Income
Deficit
Goals
Opportunity Cost
8
A stock is partial ownership in a company
True
False
9
It is very important to set up Financial Goals.
False
True
10
How many months of expenses should be in the emergency account?
1 month
3 months
1 Year
6 months
11
It is recommended that you pay yourself 10-20% per pay check.
False
True
12
In Personal finance, the term CD stands for_________?
Coming Due
Credit Debt
Certificate of Deposit
Compact Disc
13
The number one rule in money management is to________?
Get a job
Open an investment portfolio
Rob a bank
Pay yourself first
14
What is the first step of the financial planning?
Set Goals
Get a Job
Rob a bank
Determine Financial Goals
15
An asset is something that can generate
Status
Interest
Cash flow
16
Emergency savings should be in account and set aside for an emergency
False
True
