JAFP 2 / Saving, Investing & Risk Management

Insurance premiums are usually determined by which of the following? ^#10

If a stock price goes down, the shareholder is secured against any losses incurred by most banks and credit unions. ^#7

Identify 4 long-term savings options. ^#2

Plans that take less than a year to accomplish. ^VOCAB

A collection of stocks or bonds of various corporations. ^VOCAB

What are two short-term savings options? ^#1

The amount paid for an insurance policy. ^VOCAB

Payment made by a publicly-traded company to its stockholders, as a distribution of profits. ^#6

The price of stock changes __________.

The amount of money originally invested. ^VOCAB

What percent of teenagers are currently saving money for college? ^#11

Plans that take a year or more to accomplish. ^VOCAB

What is another way of saying "insurance"?

Money paid out-of-pocket before insurance covers the remaining costs. ^VOCAB

A medium risk, uninsured IOU w/ a set rate of return? ^#5

The possibility of financial loss or physical harm. ^VOCAB

A business that provides money-related services. ^VOCAB

Which of the following options does not include one of the major types of insurance? ^#9

I = prt ^#8

What does FDIC stand for? ^#3

Identify a low-risk saving option that offers higher interest rates than savings accounts. ^#4

To commit money to gain a profit or earn interest. ^VOCAB

A contract that outlines coverage plans and protects a person against financial loss or damage. ^VOCAB

It is __________ in Indiana to drive w/out auto insurance.

A fee received or paid for the use of money. ^VOCAB

A share of a corporation sold to the public. ^VOCAB

There are many PROs to having an insurance policy. However, which of the following is a CON? ^#12

To automatically save a specified amount from a paycheck for future use. ^VOCAB

IOU issued by a company or federal gov't in exchange for a loan that will be repaid. ^VOCAB

A very low interest-bearing account where people put money for emergency or short-term future use.

The next best alternative given up when making a financial choice. ^VOCAB

There are many CONs to having an insurance policy. However, which of the following is a PRO? ^#12