Piece of ownership in company stock

Which statement is true about liquidity?

The more liquid and investment, the less return

The following is true about PAC's

stands for Pre-Authorized Checking

What is Murphy's law?

Anything that can go wrong will

Degree of uncertainty of the return on investment

Baby Steps 1 and 3 have to do with

Both Saving AND an Emergency fund

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Consumers Ed Unit 1

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#Consumers Education Dave Ramsey Chapter 1 - 3

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Questions 25

Answers

1
What is the KISS rule of investing?
Keep It Solo Situated
Keep It Somewhere Safe
Keep It Simple Stocks
Keep It Simple Stupid
2
Save money for three basic reasons. What are they?
All of these
Purchases
Wealth Building
Emergency
3
A share is
Piece of ownership in company stock
Retirement plan
List of your investments
Emergency fund
4
Money market account is
Typical retirement plan
Where your emergency fund goes
Piece of ownership in company stock
A list of your investments
5
Amoral means
Spread around the risk
Degree of uncertainty of the return on investment
Anything that can go wrong, will go wrong
Money is neither good nor bad
6
Which of the following is NOT a good investment?
All of the above
futures
gold
viaticals
7
Baby step 1 is :
$1,000 in the bank
Debt Snowball
3 to 6 months of expenses in the bank
Saving for retirement
8
It's ok to use your emergency fund to pay cash for big purchases.
True
False
9
Commodities and futures are extremely speculative and carry a high risk.
True
False
10
Which statement is true about liquidity?
The more liquid an investment, the more return
The less liquid the investment, the less return
The more liquid and investment, the less return
11
The following is true about PAC's
stands for Private Authorized Credit
stands for Personal Account Coordinator
stands for Pre-Authorized Checking
12
Interest is money paid to a saver by a financial institution.
True
False
13
Your income level greatly affects your savings habits.
True
False
14
A Sinking fund
Grows tax-free
List of your investments
Typical retirement plan found in most corporations
Saving money for purchases
15
Diversification lowers your risk with investing.
False
True
16
What is Murphy's law?
Spreads around the risk
Earns interest on interest
Anything that can go wrong will
Is neither good nor bad
17
Your portfolio is
Piece of ownership in company stock
List of your investments
Emergency Fund
Typical retirement plan found in most corporation
18
Risk is
Saving money for purchases
Anything that can go wrong, will go wrong
Degree of uncertainty of the return on investment
Money is neither good nor bad
19
Compound Interest is
Piece of ownership in company stock
Degree of uncertainty of the return on investment
Grows tax-free
Interest on interest
20
____ % of any 10 year period in the stock market has made money.
95%
75%
53%
100%
21
A savings account with a certificate is a
C.D.
Bond
viatical
Annuity
22
Baby Steps 1 and 3 have to do with
Both Saving AND an Emergency fund
getting out of debt
Emergency fund
saving
23
A single stock is the best place to keep your emergency fund.
True
False
24
Diversification is
Spread around the risk
Typical retirement plan found in most corporations
Interest on interest
Piece of ownership in company stock
25
Saving is about contentment and
pride
emotion
Greed
having money

Consumers Ed Unit 1 Flashcards | StudBud