Financial Lit Unit #4

What does the 60-10-10 rule represent?

What is the difference between a back and credit union?

What is cash management?

Money that is put aside for profit is known as:

If you are investing in the stock market and choose a lot of different companies to reduce risk, What is this called?

What is savings?

100 shares of stock for $78 per share. You sold it, for $92 per share. What is your gain after the sale?

The relationship between the price of 1 stock and the annual earnings is what?

What concept will help you know when your money will double in value?

What is the price of borrowing money called?

A general rule that states that the higher the risk, the higher the potential return:

What is the original amount of a loan on which interest is paid?

What does "pay yourself first" mean?

What is the organization that insures deposits at credit unions up to $250,000?

How do consumers benefit from using a checking account?

What factors affects the time value of money?

The idea that money at the present time is worth more than the same amount in the future is what:

Interest earned for one year with a deposit of $1,500 and pays 5%. How much did you earn?

What is a Reoccurring payment that is part of online banking?

How can banking from home be performed?

How liquid is a savings account?

What is compound interest?

How can funds in a checking account be accessed other than at the bank in person?

Which of the following is an employer-sponsored tax-sheltered retirement plan?

When you spend more money than what is in your back account this occurs.

What are funds not spent and set aside, often on a regular basis, for later use and are more liquidable?

What is the cost of money that is borrowed and must be paid back?

This is known as the rise in the general of prices:

How are debit cards beneficial to the consumer?

What is ownership in a company?

What do financial experts recommend you have in savings?

Which financial principle helps you figure out how long it takes your money to double in value?

This measures a stocks volatility compared to overall changes in the stock market?

An individual retirement plan where contributions are not tax deductible and qualified distributions are tax free:

Investments that represent ownership in a company are called what?

What does online banking allow the consumer to do?

What is the primary purpose of a checking account?

Depository Institutions offer a wide variety of services including:

Earning interest on interest is known as what?

Funds deposited in a federally insured account (FDIC?NCUA) are protected for loss up to what amount?

Setting aside income for future spending is known as:

These stocks are recognized companies, less risky, and grow at a consistent rate. Ex: McDonald's, Wal-Mart & Coke

What is the organization that insures deposits at banks up to $250,000?

This is used to access money in a Personal Checking Account

According to the rule of 72, if you earn 11% interest on a $5,000 investment, how long will it take to double?