What is the primary reason to issue stock?

Tor raise money to grow the company

The purpose of a budget is to:

help you plan how you will spend the money you get

Diversification is important in investing because....

helps you balance risk with different types of investments

When it comes to saving money, what is a good rule of thumb?

Put aside money for savings each month

the amount owed for for borrowing money

What is the best strategy to avoid ATM fees?

Only use ATMs in your bank's network

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Financial Literacy 2015-16

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Questions 14

Answers

1
Which of the following can increase your credit cards APR (Annual Percentage Rate)?
Missing a credit card payment
Cashing in reward points
Paying the minimum
Paying off the full balance
2
What is the primary reason to issue stock?
To increase investor awareness of the company
To help investors earn a higher rate of return
Tor raise money to grow the company
To distribute the risk of bankruptcy across more investors
3
The purpose of a budget is to:
stop you from spending too much money
tell you how much you owe the government in taxes
increase the balance of your savings account
help you plan how you will spend the money you get
4
Which type of account is typically the MOST liquid?
Savings account
Certificate of Deposit
Checking account
5
Which of the following accounts will give you the LEAST access to your money?
Cash
checking account
Simple savings account
Certificate of Deposit (CD)
6
Which choice goes from the greatest to least risk for your money?
stocks, mutual funds, bonds
stocks, bonds, mutual funds
mutual funds, stocks, bonds
7
What payment type can help you stick to a budget?
Credit cards
Debit cards
Payday loans
Cash advances
8
When you buy a ______________, your loaning money to an organization.
Mutual fund
Index fund
Bond
Stock
9
Diversification is important in investing because....
it ensures that you make only low risk investments
helps you balance risk with different types of investments
helps you gain the highest rate of return despite any risks
increases overall risk, which will make you more money
10
Which of the following represents typical account fees?
Service fee
ATM fee
All of the choices
Minimum balance fee
11
When it comes to saving money, what is a good rule of thumb?
Put aside money for savings each month
Putting anything you can't afford on your credit card
Keep most of your savings in your checking account
Choose the savings account with the lowest interest rate
12
Interest is:
a charge for accessing money stored in your bank account
a charge for lending money
amount added into your savings when opening a bank account
the amount owed for for borrowing money
13
Which payment type typically charges the highest interest rate?
Cashier's checks
Pre-paid cards
Payday loans
Credit cards
14
What is the best strategy to avoid ATM fees?
What is the best strategy to avoid ATM fees?
Only use ATMs in your bank's network
Only use ATMs to withdraw cash
Only use ATMs you have used before

Financial Literacy 2015-16 Flashcards | StudBud