PF Final Exam

An example of a liquid asset is a ____.

distribution of money, stock, or other property that a corporation pays to a stockholder

A savings option many employers offer is ____.

a nonprofit financial institution that is owned by its members and organized for their benefit

A bear market occurs when investors are pessimistic about the economy.

a partial refund of the price of a product

A savings & loan association is a financial institution that is owned by its members

When shopping, avoid ____.

a standard unit of measurement to compare the prices of packages that are different sizes

the price at which a property could be sold

A cash flow statement gives you important feedback on your ____.

A drawback of paying on credit is having ____.

a situation that occurs if a person spends more than he or she receives

A good budget has all the following characteristics EXCEPT ____.

process in which interest is earned on both the principal and any previously earned interest

One use of discretionary income is spending on ____.

a long-term loan extended to someone who buys property

the percentage of increase in the value of savings from earned interest

Of the following investments, the one with the most predictable income is ____.

Compared with commercial banks, credit unions generally offer ____.

Credit cards allow you to ____.

gives the owner the advantage of receiving cash dividends before common stockholders

In which kind of savings plan does the interest rate vary from month to month?

The first step in planning a budget is ____.

a written guarantee for the conditions that a product can be returned, replaced, or repaired

To pay for a new school, a local government may issue a municipal bond.

the debts that you owe

an automatic deposit of an employee’s paycheck into a designated bank account

Your net worth goes up when you ____.