Foundations in Personal Finance-Chapter 8

Savings plan run by state/educational institution to help families raise funds for college

A retirement plan found in nonprofit organizations such as churches, hospitals, and schools

A reason that people need to save and invest is to:

To ensure that some of your retirement savings won't be subject to income tax, contribute to:

Savings accounts and money-market accounts are most appropriate for:

If you get into financial trouble, borrowing from your retirement plan is a good option

Mutual fund portfolio that is diversified will have all funds in only one of four categories

You should start investing as soon as you have your college education funnded

Securities that represent part ownership or equity in a corporation

Money that is invested, either tax deferred or tax free, within a retirement plan

Which of the following is a good investment option?

Saving and investing have nothing to do with the amount of money you make

Company X issued a portion of its earnings to its shareholders. You can expect to receive a:

Federal agency responsible for collecting taxes and for the interpretation and enforcement (IRC

Piece of ownership of a company, mutual fund or other investment

Good investment portfolios are extremely comlpex

Quality of an asset that permits it to be quickly converted into cash without loss of value

A young investor willing to take moderate risk for above-average growth would be most interest

Funding your employee contribution plan whether your company matches or not

Distribution of a part of a company's income,decided by the board of directors, to shareholders

Which of the following statements about the stock market is false?

If you have in your employer's retirement plan and left the job,roll it into an IRA(no tax/fee)

Employee benefits packages:

Money markets are great for emergency funds do to their liquidity and stability.

Single stocks and mutual funds carry the same amount of risk

Long-term investments, properly diversified, include the following mutual funds:

The benefit of diversification in your investments is:

When buying and selling investments, you should not...

You can start investing with a small amount of money

Savings account sold by an insurance company, designed to provide payments at intervals-retire 

The government agency responsible for regulating the stock market

Which statement is true about liquidity?

Relationships of substantial reward compared to the amount of risk taken

War bonds are to finance military operations during war and were last issued during Vietnam War

A list of your investments