MVHS Financial Literacy Unit 4 Test Review

Banking from home can be performed by using a:

Interest is considered the price of what?

The amount of money of your original loan:

What type of return allows you to earn interest upon interest?

Which investment plan offered by employers is pre-tax and often has some sort of employer match?

What are the costs of procrastinating your retirement investments?

Generally speaking, the "Higher the rate of return, the __________ the risk."

Dividends are part of the firm's profits that they share with stockholders

A disadvantage of using online banking is that you do not:

What will $10,000 be worth in 24 years if it is invested at a 6% annual rate of return?

This measures a stocks volatility compared to overall changes in the stock market?

Which financial principle helps you figure out how long it takes your money to double in value?

You invest $2000 and get a 6% APR. How many years will it take for it to double in value?

Money set aside for short-term goals is usually placed in which of the following accounts?

What is an example of a Tax Deferred Account?

What does “pay yourself first” mean?

Depository Institutions offer a wide variety of services including:

What factor affects the time value of money?

What is savings?

Diversification is

One type of on-line banking called Reoccurring payment allows the customer to:

What is the fund called that uses Professional managers, pools investment money and diversifies the monies?

Funds deposited in a federally insured account (FDIC) are protected against loss for up to:

A high risk stock that has the potential for high earnings has what classification?

Consumers benefit from using a checking account because it will:

To use ATM and debit cards safely , the consumer should:

The primary purpose of a checking account is to:

How liquid is a savings account?

Debit cards are beneficial because the consumer:

What is inflation?

Funds in a checking account can be accessed by using a/an:

This type of plan - you put in after-tax dollars, it grows and comes out tax free - usually not offered by the employer

Investments that represent ownership in a company are called:

Online banking allows the consumer to:

An(ETF) is a diversified investment fund that trades on an exchange and intraday, like a stock .

How much money should you have in your savings account incase of loss of employment?

Big name stocks that have a long history of being successful are called:

You invest $4000 and get an 8% APR. How many years will it take for it to double in value?

What is compound interest?

Bonds are