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Mrs.A FL Unit 2 Saving/Investing/Insurance Flashcards | StudBud
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Mrs.A FL Unit 2 Saving/Investing/Insurance
Mrs.A FL Unit 2 Saving/Investing/Insurance
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A #testprep quiz for the #unit2 #financial literacy test. #Saving #Investing #Insurance
Flashcards
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Questions
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Answers
1
A share of a corporation sold to the public =
Bond
Mutual Fund
Invest
Stock
2
Money paid out of pocket before insurance covers the remaining costs =
Deductible
Policy
Premium
Risk
3
The amount of money originally invested =
Down payment
Investment
Principal
Interest
4
The amount paid for an insurance policy =
Deductible
Risk
Policy
Premium
5
What part of a stock quote gives you the stock's
price the day before
?
Change %
Previous Close
Daily High/Low
Volume
6
An IOU issued by a company or government in exchange for a loan =
Bond
Stock
Investment Firm
Money Market
7
A professionally managed collection of stocks and/or bonds =
Bonds
Stocks
Mutual Fund
Money Market
8
A contract for coverage plans to protect against financial loss or damage =
premium
Risk
Deductible
policy
9
What part of a stock quote gives you information about
how many shares
were traded that day?
Previous Close
Volume
Change %
Daily High/Low
10
The benefit that a person could have received, but gave up, to take another course of action =
Possibility Cost
Risk Cost
Opportunity Cost
Benefit Cost
11
Private insurance that protects your income if you are too injured to work.
Health
Disability
Liability
Unemployment
12
What is NOT a factor that can affect health insurance premiums?
Number of People Covered
Age
Life Habits
Race
13
To make more money from investments, you must increase AMOUNT,
________
, or TIME.
PRINCIPAL
RISK
INTEREST
VOLUME
14
Why do people buy insurance?
Disasters can happen to anyone
It's stupid not to buy insurance.
Insurance covers risks people can’t prepare for on their own
Insurance agents know how to make people feel insecure
15
A fee received or paid for the use of money =
Principal
Interest
Opportunity Cost
Premium
16
Stocks are insured against loss by most banks and credit unions.
False
True
17
A company's abbreviation as used on the NYSE is known as a . . .
Stock Price
Stock Symbol
Stock Name
Stock Quote
18
A long-term investment
usually
means an investment period of ________.
10+ years
1-3 months
2-4 years
10-12 months
19
Money received regularly for work or through investments = ?
Money
Income
Salary
Payment
20
When the interest earned is reinvested (added to the principal) to create increasing interest
Inflation
Interest Rate
Compound Interest
Simple Interest
21
Income amount remaining
after deductions
have been taken =
Total Income
Gross Income
Deducted Income
Net Income
