Unit 2 Econ

What is a key advantage of a Roth IRA compared to a traditional IRA?

What is the primary purpose of the Free Application for Federal Student Aid (FAFSA)?

What does Personal Injury Protection (PIP) cover?

What is a stock dividend?

A mortgage is a

Having good credit is essential for taking out loans and investments

Normal IRAs and Roth IRAs help people prepare for

What does 'interest' refer to when talking about loans?

A deductible is

What type of financial aid does not need to be repaid?

In which scenario would uninsured motorist coverage be beneficial?

What does it mean to diversify your stock investments?

What is a significant commitment involved in buying a home?

What is one key advantage of investing in stocks compared to savings accounts?

What type of risk arises from a specific company or industry affecting its stock?

A premium is

Car insurance policies renew every 6 months

An account where you keep money for emergencies and it grows slowly over time

Costs that you do not pay to the college but still have to consider are

Which type of risk is associated with the overall market movement affecting all investments?

Which of the following costs is typically NOT included in the tuition and fees of a college?

What is a credit score?

The main cost of college is

What is one benefit of renting a home compared to buying?

Stocks are ways people can have ownership of a company

What is a common source of financial aid provided by colleges based on academic merit?

What is the purpose of a budget?

________________ allows for your paychecks to be immediately put into your bank account on pay day

In stocks there is high return potential but also high risk potential

When you're renting, a good rule of thumb is to have one paycheck cover the rent payment