stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
JROTC LE 300 Ch1 L1 Flashcards | StudBud
Explore
/
JROTC LE 300 Ch1 L1
JROTC LE 300 Ch1 L1
35 terms
·
StudBud Administration
·
45 plays
Imported from external platform
Flashcards
35 cards
F
Practice quiz
P
Host live
L
Questions
35
Answers
1
Uncertainty as the outcome of an investment..
Risk
proabale investment
Spend limits
Tolerance
2
Which question should you ask yourself when establishing your financial goals? p 9
What do you need money for?
What do you need money for?
What income level should you be making?
How important is money to you?
3
Which of the following would be considered an asset?
Stock in a ompany
Valuable Baseball cards
A car you may own
All the above
4
funds raised by companies through through sale of shares
Mutual funds
Assets
Stocks
investments
5
Obtaining or providing money for a specific purpose
Financing
Checkbook Register
Electronic Check Conversion
Balancing
6
In regards to Finance, What is Risk?
Uncertainty as to the outcome of an investment
amount above which you not spend.
Amount I can invest
My projected income and return
7
Risk is uncertainty as to the outcome of an investment
False
True
8
A part of your financial plan should involve a plan for protecting your assets and income through insurance coverage.
True
False
9
What is interest?
A charge on borrowed money
something that you want to know more about
Liquidity
profits made
10
Which of the following is considered an investment?
Bicycle
Car
Stocks
computer
11
Which of the following is an advantage of savings accounts?
They cannot be touched until you reach your goal
They area high risk investment with a potential for large growth
They pay interest
They will ensure you retire comfortably
12
_________ is/are an example of a need.
X box
Savings account
basic meals
transportation/Car
13
When revising your financial plan, you should think about which of the following?
Any major life changes
Your new job that did not increase your salary
Any changes in your education
Your potential income if you land a new job
14
Which type of investment helps a company or gov. agency raise funds for a return greater than the money you invested?
mutual fund
Bonds
insurance
Shares
15
You were loaned $12500 to pay for college. The interest rate= 5% per year. What do you owe after a year w/ no payments?
$13500
$13125
$12825
$12500
16
Which of the following expenses should be considered as part of your budget?
Books provided by school
clothes
gas for car paid by parents
Food provided by school cafeteria
17
What is Interest?
Somthing you enjoy
Charge for paying bills late
a credit score
Charge on borrowed money
18
One of the most important expenses is
Savings
Starbucks
Travel
Entertainment
19
Which of the following provides a safer method to achieve your goals?
bonds
stocks
mutual funds
Savings accounts
20
The person obtaining the money for financing is the ___________.
lender
borrower
loaner
collections
21
The startingpoint in mastering your personal finance is to creat a:
managingyour liquidity
financial plan
investingfor future
saving for a car
22
This second step in financial planning takes into account money for unexpected expenses
managing your liquidity
investing for future
protecting your assets
managing your budget
23
Equal parts into which company stocks are divided
bonds
insurance
shares
mutual funds
24
Which of the following is an advantage of understanding personal finance?
ALL the above
It will make you wealthy
It will Help you Make good financial decisons.
It will help you become a financial adviser
25
The word finance refers to...
management of Bling
managment of money
management of skills
only money you saved
26
According to the 70-20-10 rule. How much of your income should you invest?
70%
90%
20%
10%
27
What is a mutual fund?
An investment portfolio that includes Crypto
A fund specifically for two people to share and build wealth.
A friendly fund you get to share
A mix of stocks and/or bonds purchased in shares.
28
What is compound interest?
a loan
interest on accumulated unpaid interest.
broken finances
29
Your goal should be for your income to be _____________, not just equal to, your expenses.
separate
lessthan
greater than
20%greater than
30
To insure an asset of any kind, you must pay a monthly fee, or ___________?
premium
rental
intangiblefees
interest
31
Which of the following would be an intangible asset?
Your grandmother’s ring
Yourg randmother’s ring
Stock you own in a company
Your health
32
Your budget is a detailed summary of expected __________ and _________ during a given period.
income and expenses
liquidity and assets
assets and expenses
liquidity and expenses
33
An advantage of understanding personal finance is that it enables you to make good financial decisions.
False
True
34
money you receive regularly is
insurance
stocks
a bonus
income
35
When setting a short-term financial plan, it should cover the following time frame:
0-1years
5+years
1-5 years
