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savings and investing
savings and investing
25 terms
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StudBud Administration
a # computer essentials class #to teach the basics of understanding how savings and investing works
Flashcards
25 cards
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Practice quiz
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Host live
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Questions
25
Answers
1
a business that offers and sells financial services to people is
commercial bank
depository institution
deposit
savings tool
2
What is compounding interest ?
You have most discretionary expenses.
You have a large monthly car payment.
Interest that's added to the principal of an account.
An investment that gains value slowly over time.
3
FDIC & ncua insure accounts for up to $250,000
false
true
4
What is the New York Stock Exchange?
the number of shares of stock sold in a previous day
dividends
the largest exchange for trading stocks and other securities
capital gains
5
taking the time to do the math in a job offer is worth it
true
false
6
the most common type of depository institutions
commercial bank
depository institution
deposit
7
net income is ______ taxes and deductions
after
before
8
what is an example of a want
candy
a warm sweater
food
9
Credit is very important ?
True
False
10
what would you choose
$200 a day for 20 days
penny doubled
11
what is credit rating
so they can store their money.
by stealing others people's identity.
borrowing money
ability of a person or organization to fulfill commitments.
12
Which of the following is a reason to have a financial reserve that's larger than the normal?
You have most discretionary expenses
Your income is fairly predictable
You would be able to find another job quickly if lost.
You have large monthly car payments.
13
what would you choose
1 million dollars
a penny doubled daily for a month
14
using an is optional when using an atm
true
false
15
What is a stock?
a government investment
a partial ownership in a company
the total return dollar amounts
the ROI percentages
16
it is realistic to assume that a penny will double daily
false
true
17
FDIC stands for the following
credit union
cars
commercial bank
18
what is a volatile investment?
the value of an investment opportunity you pass u
interest that's added to the principal of an account.
an investment that gains value slowly over time .
an investment that can change quickly without warning.
19
depository institutions are the best choice for savings because
they may earn interest
they are insured against loss
20
What is a factor to not consider in accepting a job offer ?
Color of the walls in the office
Salary and Benefits
Types of work
People whom you will work with
21
Choose when compounding interest could be bad for a consumer.
When using debt
When investing
22
NCUA insure the following
Cars
Commercial Bank
Credit Union
23
a person should have how much money worth of savings
6 months
3 months
1 month
24
what is savings
the portion of income used for fun items
the portion of income not spent on consumption
25
where is the safest place to save your money
under your mattress
in a depository institution
in a piggy bank
