stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Utah Financial Literacy Standard 3 Objective 2 Flashcards | StudBud
Explore
/
Utah Financial Literacy Standard 3 Objective 2
Utah Financial Literacy Standard 3 Objective 2
22 terms
·
StudBud Administration
·
228 plays
A quiz I made for my Financial Literacy class.
Flashcards
22 cards
F
Practice quiz
P
Host live
L
Questions
22
Answers
1
Rise in the average price of goods and services produced through an economy...
Deflation
Recession
Inflation
Depression
2
An account on the assets side, that a company intend to keep for over one year...
CD
Short-Term Investment
Long-Term Investment
IRA
3
An account in which individuals may set aside income in a tax deferred plan for retirement.
403 (b)
Roth IRA
IRA
IRP
4
When investors don't receive a dividend in cash, but is $ immediately put back in for equity is
Equity Investment
Dividend Reinvestment
CD
Long term investment
5
A tax-reduced retirement plan for public school teachers, some nonprofit employers, & others
403 (b)
401K
Retirement Planning
LIRP (Low Income Retirement Plan)
6
Diversification is...
Talking to people of many different financial backgrounds.
A risk management technique, mixing a variety of investments
Having currency from every country
Buying several different countries products
7
Interest paid or figured on the original amount of a loan or the amount of an account.
Elementary Interest
Flat Interest
Simple Interest
Easy Interest
8
The Rule Of 72 is...
A way to estimating double/halving time on compound interest
Always keeping $72 in your checking account
Saving $72 per month towards retirement
A law made in 1972 preventing banks from giving low interest
9
A period where business activity surges and gross product expands until it reaches a peak...
Deflation
Contraction
Expansion
Depression
10
Pay yourself first is...
A phrase meaning 'be your own boss'
A phrase meaning 'spend your money on yourself'
A phrase meaning 'eat drink and be merry'
A phrase meaning 'save for retirement'
11
The profit on money invested, which is usually a percentage of invested amount.
None of the above
Risk/Reward
Interest Earned
Expansion
12
Workplace savings plan allowing employees invest part of their paycheck before tax.
IRA
401K
403 (b)
CD (certificate of deposit)
13
Short Term Investment is...
An account with a company's investments expiring in 5 years
An account with a company's investments expiring in 2 years
An account with a company's investments expiring in 1 year
An account with a company's investments expiring in 6 months
14
"In 2001 Dalbar® concluded that average investors never achieve market index returns" shows...
Most people lose money on the stock market
Reasons not to invest money
Investor behavior
Most people make money on the stock market
15
The difference between an IRA and a Roth IRA is...
Roth is set up by your employer
Roth money comes out of budget last
Roth money comes our of budget first
Roth is taxed
16
Money saved over a period of time. Funds not spent and set aside, often regularly for later use
All of the above
PYF (Pay yourself first)
Savings
Short Tem Investment
17
CD (in financial literacy) stands for...
Complete Deal
Compact Direction
Certificate of Deposit
Compact Disk
18
Interest paid or to be paid both on principle and accumulated unpaid interest.
Accumulative Interest
Multiplicative Interest
Inflation
Compound Interest
19
Recession is...
A rise in oil prices
A severe depression
A decline in national economic activity for 1 year
A decline in national economic activity for 2 quarters
20
A sustained decrease in the average price of all goods and services produced in the economy.
Inflation
Expansion
Deflation
Recession
21
A process of determining retirement income goals and taking the steps to achieve them...
IRA
401K
Retirement Planning
Roth IRA
22
Money put aside for profit.
Retirement Planning
Investment
Roth IRA
IRA
