Sign up for free today and boost your AP, SAT and high school exam scores! Delete Quiz. personal finance exam 2. Personal Finance Midterm Exam Question 1 Correct Mark 4.00 out of 4.00 Flag question Question text Zach wants to open up an account, but he doesn't know which kind is appropriate. Created by. STUDY. At this time, online trading is becoming more popular, but many investors still prefer more traditional methods. Posted: (27 days ago) Cumulative Exam Quizlet Algebra 2 - localexam.com. Why is it important? Study Flashcards On Personal Finance Exam 2 at Cram.com. Gravity. What are the three assets you should review on a regular basis during retirement? What is the difference between a prospectus and an annual report? Explain the important characteristics of each of the following types of stock transaction orders. Note: Treasury bills are discounted securities. Match. At the end of the. Having money work for you Setting money aside (long-term) No guarentee money will grow (long-term) Far from goal....be aggressive Close to goal...be conservative. PLAY. A specific suggestion made in this chapter was to limit consumer credit payments to 20 percent of net (after-tax) income. budget: Term. Personal Finance Test 2. Test. Fin. Commercial banks . Spell. Match. NZamith. Match. This flashcard set covers basic personal finance terms. STUDY. Corporations sell stock to finance their business start-up costs and help pay for expansion and their ongoing business activities. Learn chapter 14 personal finance with free interactive flashcards. Interest rate) then you.... Risk Tolerance is the ability to deal with changes in values of your investments, Random Risk: Unsystematic (What we cant predict), Spread out risk (one investment fails, another one works), Allows for public to be able to buy shares >>, Corperations want to raise money, so they issue, Stocks and Bonds trade in their respective secondary markets, price buyer is willing to pay and will increase over time, when companies profitable, they will distribute earnings to shareholders (cash or reinvest), when securities prices risk(rise?) A financial checkup allows investors to determine if they are ready to invest. Personal Finance Chapter 3 Test - Joomlaxe.com Learn. In your own words, describe each of the four components of the risk factor. A revenue bond is a bond that is repaid from the income generated by the. 1. Test. Solicit the help of reliable and qualified mechanic to inspect the car before purchase . Chapter 1. Why do corporations split their stock? Spell. Personal property floater. What is the difference between a Treasury bill, a Treasury note, a Treasury bond, and TIPS? Flashcards. Cards Return to Set Details. Related Topics. To play this quiz, please finish editing it. How important is the investment objective as stated in a mutual fund's prospectus? Test. Personal Finance. Learn. affinity cards. 1. Explain the difference between a general obligation bond and a revenue bond. Pay every 3 months at $45 /month Save $12. There is a professional fund manager (or team of managers) that chooses the securities that are contained in the fund. In your own words, The major reasons investors purchase mutual funds are professional management and diversification. Chapter 8 16. Fuel. Each question has two steps: Step 1: identify the 5 "impossible" answers based on the first part of the question which has been revealed to you. Subject. List some important documents you will need to collect and organize. 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One is rated AAA by Standard & Poor's and, The answer to this question is a good example of the basic investing rule: The potential return on any investment should be directly related to the risk the investor assumes. Click here to study/print these flashcards. 2. Each unit contains three chapters taught on video by Dave Ramsey and his team of experts. Write. Other. The most important priority that an investor in preferred stock enjoys is receiving cash dividends before common stockholders are paid any cash dividends. A plan for future spending and saving. Earnings per share (EPS) is a corporation's after-tax income divided by the number of shares outstanding of the corporation's stock. What are the two stages in planning your estate? malenathebest. Earn It (ex. These cards will help you understand jargon used by banks and financial institutions as well as acronyms such as APR. What is the greatest variable cost in an automobile? Chapter 4 8. Our online personal finance trivia quizzes can be adapted to suit your requirements for taking some of the top personal finance quizzes. The sale of bonds can also improve a corporation's financial leverage—the use of. Our quizzes will test your knowledge and will hopefully help you better understand what really happens when you buy a house, apply for a loan or a second mortgage, refinance your house, etc. Chapter 6 12. Chapter 1 - Personal Finance. Level. As people get closer to retirement, their investment goals often change. by elanham. Unfortunately, the reverse is also true. ... a list or other documentation of personal belongings, with purchase dates and cost information. A prospectus discloses information about corporate earnings, assets and liabilities, products or services, and the qualifications of top management when a corporation sells stocks and is given to prospective investors. Spell. Play. Eventually, the amount of cash remaining after the bills are paid will increase and can be used to start a savings program or finance investments, Is it ethical to spend more than you make month after month? Edit. Spell. PLAY. Match. personal finance ch.1-4,8. Pages 7; Ratings 100% (2) 2 out of 2 people found this document helpful. Chapter 2 4. Personal Finance Exam 2. An investor is an individual who holds an investment for a long period of time usually in excess of one year. The most expensive loans are available from: finance companies. … 16 Cards – 1 Decks – 1 Learner Sample Decks: Chapter 3-Budgeting Show Class Behavioral Finance and personal investing. Description. Loan It (ex. Insurance. PLAY. Some of the information is free while there is a charge for the more detailed information available online from. More conservative mutual funds that. Finish Editing. Study Personal Finance Test 1 (ch 1-4) Flashcards at ProProfs - personal fina nce test In a revocable trust you have the right to end the trust or change its terms during your lifetime; but you cannot do so in an irrevocable trust. Chapter 9 18 . Fund investments can help you save for retirement for at least three reasons. What are responsibilities of an executor? Wages, Interest, Dividends, Capital Gains), "LOANership" a bond is a loan that gets paid off with interest at a specific time, Company expenses, Interest to bond holders, taxes, cash dividends to preffered stock holders, cash dividends to common stockholders, Backed by an agency of the Federal Government (not backed by federal government), Fixed Interest (and is paid up to 30 years). A legal declaration as to the disposition of one's property after death. Personal Finance Chapter 1/2/3 Flashcards | Quizlet On this page you can read or download personal finance chapter 3 test in PDF format. Estate planning is a process of creating plan for managing your assets so you can make the most of them while you're alive and ensure that they're distributed wisely after your death. The bond rated AAA is the. Why are safety and risk two sides of the same coin? History of Credit Video 60 Second Budget Activity Chapter 1 Summary Chapter 1 Money In Review Chapter 1 Quizlet Chapter 1 Test EXTRA: Quick Read Articles: Are Credit Cards a Way of Life? They usually sell bonds when it is difficult or impossible to sell common stock or preferred stock. Employer-sponsored plans provide a, In your own words, describe the difference between a managed fund and an index fund. What are four major sources of retirement income? Flashcards. Since most people don't retire until they are 60 to 65 or older, you still have a number of years for your investments to appreciate and. Personal Finance Flashcard Maker: Lylie Harter. exam 2 study guide. After all the shares originally issued have been sold, an investor can purchase. If the market price of the stock rises above the ideal price range, a stock split brings the market. 3. The five factors to consider are: How can you obtain the money needed to begin investing? Gravity. Asset allocation is the process of spreading your assets among several different types of investments. Term . Why do investors purchase stock? Finance Exam 1. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Why are earnings per share and price-earnings ratios important? STUDY. Business and Personal Finance Unit 1 Chapter 2 2007 Glencoe. Insurance. Get this and all of our test prep. In what circumstances would the corporate bond be worth less than $1,000? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Stauatory Prospectus (more detailed, traditional) ex. Learn. Contributions to a regular IRA may or may not be tax-deductible. Quickly memorize the terms, phrases and much more. With state and local securities, there is a risk of default (nonpayment). At, Based on your age and current financial situation, which type of mutual fund seems appropriate for. Invest in fund with high expenses, loads, fees, investment management company that offers a variety of mutual funds with diverse investment objectives (more than 400. ex. Log in Sign up. Finance. Which one, Most mutual funds are managed funds. 1. Cards In This Set. Pay every month at $49. You cannot evaluate any investment without assessing how the factor of safety relates to the factor of. Know if the car is covered by warranty. Pay every 6 months at $39 /month Save $60. Is a stock split good or bad for investors? Gravity. Assume you want to purchase stock. IF market interest rate is greater than your coupon rate (ie. First, funds are often used to meet long-term investment goals—like retirement. Spell. 60% average accuracy. 9th - 12th grade . While students must answer this question, you may want to review Exhibit 12-7—Typical Commission Charges for Stock Transactions on page 407. How can choosing the right fund help you save for retirement? - You should take great care in selecting a guardian for your children. Sign up here. Write. Since stock is a form of equity financing, it does not have to be repaid. Played 415 times. 19 Cards – 4 Decks – 1 Learner Sample Decks: Insurance Terminology , Types of Auto Insurance , Types of Homeowner's Insurance Show Class Personal Finance. Bonds. PLAY. Individuals who routinely buy and then sell stocks within a short period of time are called speculators (or traders), Describe each of the following investment techniques. Dividend yield is calculated by dividing the annual dividend amount by the current price per share. STUDY. Flashcards. It should also be pointed out that this information can help investors. Create your own flash cards! Created by. The exact statistics vary, but a common statistic often found in, Describe how each of the following sources of investment information could help evaluate a mutual, A lot of information is available to help investors evaluate mutual funds. A study conducted by the Bureau of Labor Statistics on how families spend money shows that retired families use a greater share for food, housing, and medical, Make a list of criteria you will use in deciding who will be the guardian of your minor children if you. An exchange-traded fund? What is the difference between a revocable and an irrevocable trust? Study Sets | Quizlet Dave Ramsey Chapter 2 Test Answer Key - worksgrab.com Dave Ramsey Chapter 3 Quizlet PDF ePub - FredVitale Foundations in Personal Finance | Page 3/22. From an investor's viewpoint, what is the difference between common stock and preferred stock? Although the securities issued by the federal government provide lower. fidelity), 1. Created. 3 years ago. Phases of consumer purchasing decision. Wages, Interest, Dividends, Capital Gains) 2. Front: Back: Deopository institutions . Created by. The fund manager also decides when to buy and sell securities in the fund. In your own words, describe the time value of money concept and how it affects your investment, The time value of money allows people to invest money over a period of time. What are the most popular personal retirement plans? Over many years, the majority of managed funds fail to outperform the Standard & Poor's 500 stock index. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Unfortunately, the reverse is also. Chapter 7 14. Dr_Sandeep_Bala. Describe the, A closed-end fund is a mutual fund whose shares are issued by an investment company only when the fund is organized. If you don't see any interesting for you, use our search form on bottom ↓ . 48. Test of Financial Literacy: Examiner’s Manual offers teachers and test administra-tors the essential information they need in order to test the understanding of high school students on personal finance and compare the results with other high school students across the nation. STUDY. Match. Access study documents, get answers to your study questions, and connect with real tutors for FINA 260 : Personal Finance at University Of Nebraska, Lincoln. Solution Manual for Personal Finance Turning … Solution Manual for Personal Finance Turning Money into Wealth 6th Edition by Arthur J. Keown. The Internet can provide investors with current market values, information about the fund provided by the investment company, In your own words, describe the advantages and disadvantages of mutual fund investments, In the table below indicate how each of the key terms affects a mutual fund investment and how. additional property insurance to cover the damage or loss of a specific item of high value. Learn. Test. An expense ratio is the amount that investors pay for all of a mutual fund's management fees and operating costs. Key Concepts: Terms in this set (90) The number of credit union members has been: growing steadily. Specifically, the suggestions are: (1) Pay yourself first, (2) Take advantage of employer-sponsored retirement programs, (3) Participate in an elective savings program, (4) Make a special savings effort one or two months each year, and (5) Take advantage of gifts, inheritances, and windfalls, Explain the following statement: The potential return on any investment should be directly related to, While all investors dream of a low-risk investment that provides large returns, the fact is that this rule is an example of the risk-return trade off that many investors must consider when choosing, Assume that you are choosing an investment for your retired parents. Match. 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