stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
BBI - Personal Finance Flashcards | StudBud
Explore
/
BBI - Personal Finance
BBI - Personal Finance
20 terms
·
StudBud Administration
·
492 plays
#business #grade9
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Diversification is when you have shares for many different types of businesses.
True
False
2
Government programs that provide income for people unable to work due to illness, layoffs etc.
Social programs
Investment
Employment income
Savings
3
What is a credit limit?
The maximum amount of credit cards a person can have
The maximum amount a person can spend on a credit card
None of the above
The maximum of of time you can have a credit card
4
Loan used to purchase an automobile
Personal Line of Credit
Personal Loan
Car Loan
Installment Plan
5
What are mutual funds?
A piece of property
Securities representing loans from a lender to a borrower
Investments that pools money from several investors
Items that are relatively rare or highly valued
6
The selling of ownership (shares) in a corporation.
Savings
Credit
Bonds
Stocks
7
Other benefits of a job are...
Self-fulfillment
All of the above
Skill development
Health Insurance
8
What is a bullish stock market?
When the speculation maintains the share price index.
Prices are generally falling over time.
Prices on average are rising over time.
When the market equilibrium does not change.
9
What is interest?
Money you earn
Money you borrow
None of the above
Money paid for the use of money
10
Which of these are an example of a source of income?
Investments
Employment
Social Programs
All of the above
11
Which of the ways below can a card issuer earn money?
Usage fees
Interest on unpaid balances
All of the above
Annual fees
12
Is travel an example of a financial goal?
No
Only if it reaches a certain amount
Yes
Only if it is with two or more people
13
What are bonds?
You receive interest in return if you invest in it
All of the above.
Lending money to the government/ company for a fixed period
A type of investment. They mature.
14
What does a good credit rating get you?
Free money
Lower interest rate
Higher interest rate
Same interest rate
15
A certificate offered by a company or government
Bond
Savings
Stock
Credit
16
dividend ( stock market )
a part of a company's money that's paid to its stock holders
A fraction problem
dividing the end of a problem
information on a stock's latest trading price
17
What type of interest is calculated on the principal and previous interest?
Multiple
Compound
Hard
Simple
18
What is the stock market?
A market where you can stock up on food
pizza pizza
A market where you can buy everything
A market where you can buy shares of a company
19
Two types of interest are...
Increased & Decreased
Red & Green
Simple & Compound
Higher & Lower
20
Which of these is NOT a type of credit?
Gift Card
Line of Credit
Car Loan
Personal Loan
