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Ch 10 Saving For the Future Flashcards | StudBud

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How can you save for the future?

What is APY?

Ch 10 Saving For the Future

10 terms·StudBud Administration·38 plays

Quiz for money management and saving for retirement

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Questions 10

Answers

1
What is APY?
Annual Percentage Rate
Something not important
Your lunch money
Annual Percentage Yield
2
How can you save for the future?
Put a portion in a 401k plan
It is impossible to save
Invest in bonds, stocks etc.
Budget every month
3
Where do I get money market funds?
From college
Brokerage Firms
Banks
A local restaurant
4
Social Security can pay off your entire retirement
False
True
5
What is a scholarship?
Something only students with 4.0 gpa can acquire
Money awarded to students to aide in the cost of education
A piece of paper that states your intelligence
Loans taken out by college students to pay for college
6
A money market deposit account is insured by the FDIC
False
True
7
What is a money market deposit account?
A certificate of deposit
A big pot of money
Money that is invested in marketing and advertisments
A savings account that offers higher interest than accounts
8
Why should you save?
Financially stable and ready for any problem
So you can spend all of your money later
To brag to your friends and family
You shouldn't save
9
What is a subsidized loan?
Your first mortage
Loans that don't have interest until after college is done
A car loan that lasts 5 years
Student loan that has interest over time like regular loans
10
A money market fund is insured by the FDIC
False
True