stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
DRams chapter 1-3 Flashcards | StudBud
Explore
/
DRams chapter 1-3
DRams chapter 1-3
26 terms
·
StudBud Administration
·
56 plays
This is a review game for my financial literacy class
Flashcards
26 cards
F
Practice quiz
P
Host live
L
Questions
26
Answers
1
This means to spread the money around to avoid or limit risk
liquidity
KISS
diversification
Roth IRA
2
Which of the following is the MOST liquid investment
checking accout
Real Estate
savings account
CD
3
If I invested $ and become a part OWNER of a company, I most likely purchased a....
bond
stock
mutual fund
real estate
4
Through the stock market's history:
97% of 5 year periods made money
80 % of 2 year periods made money
the market is unpredictable and too risky
100% of 10 year periods made money
5
If you work in a private company like Macy's you will likely be offered a...
none of the above
403 B
Pension
401 K
6
This is the list of all money taken out of your pay.
deductions
state taxes
FICA
Federal taxes
7
an investment that allows you to be diversified automatically
mutual fund
bond
401 (K)
stock
8
This is an investment option that allows you to be diversified AND protected from FEES...
Mutual Fund
Stock
Bond
Index Fund
9
This is the process of privately giving away your money to a charity of your choice...
Subsidy
Philanthropy
Bull market
Federal and state taxes
10
baby step 5
pay off your house early
BUY mutual funds
Invest in Roth IRAS
college savings for kids
11
a bear market refers to a market that...
is hungry
is good
is not trustworthy
is bad
12
Investment where you LEND money in the hopes of earning the principle back plus interest
mutual fund
real estate
stock
bond
13
baby step one
invest 15% of your household income into a roth IRA
3-6 months of savings
pay off all debt
$1000 in the bank
14
Which of the following is NOT considered one of Dave Ramsey's horrible investments?
day trading
Gold
mutual funds
viaticals
15
Baby step 2
$1,000 in the bank
Debt snowball
3-6 months of expenses in savings
15 % of your household income into Roth IRAs
16
If you work for the government (teacher, cop, fire fighter), you will likely have...
PENSION
None of the above
403B
401K
17
This is the measurement of your money becoming worthless over time (4.2%).
C.D.
compound interest
Pinnacle Point
inflation
18
When referring to savings, Dave Ramsey recommends you to think of this time frame.
less than 10 years
more than 5 years
less than 5 years
more than 10 years
19
When you own a single stock and the company gives you a share of the profit.
dividend
C.D.
mutual fund
bond
20
Which of the following is the LEAST Liquid investment
checking account
CD
savings account
real estate
21
When your money makes more than you do working for one year.
compounding interest
KISS
diversification
pinnacle point
22
baby step 4
debt snowball
15 percent of your household income into Roth IRAs
100 dollars in the bank
save for your children's college
23
a bull market refers to
a bad market
a good market
this term does not exist
a stock that is unpredictable
24
baby step 3
100 dollars in the bank
none of the above
debt snowball
3-6 months of savings
25
The length of time for which an employee’s wages are calculated; most are biweekly
pay period
gross pay
deductions
net pay
26
This is the FEDERAL health care agency for the elderly (65 years and older)
Medicare
Medicaid
Pension
Social Security
