Retirement
This type of account is designed to help people save money for retirement
What is a 401K
This type of investment involves purchasing ownership in a company in exchange for a share of its profits, but also comes with a higher level of risk.
What is a stock
True or False: Having a high debt is a good thing
Having a high debt means you owe more money
What is the name of the currency used in the United States
USD
This is a retirement plan that an employer provides to its employees and guarantees a certain amount of income for life after the employee retires.
Pension
What is diversification?
This term refers to the process of spreading investments across a variety of asset classes in order to reduce risk.
This type of account is designated to help people save money for emergencies.
What is a savings account
This term refers to the process of borrowing money to purchase a home.
What is a mortgage
This type of retirement account lets you put in money after taxes, and allows you to take out your money tax-free in retirement
Roth IRA
This type of investment involves loaning money to a government or corporation in exchange for interest payments.
What is a bond
What is a fixed expense?
What is an expense that remains the same each month, an example would be car payment or rent.
This term refers to the amount of money that a borrower pays to a lender for the privilege of borrowing money.
What is interest
This is a term used to describe the savings and investments that someone has accumulated for retirement
"nest egg"
This term refers to the process of selling an investment for more than its original purchase price.
What is a capital gain
This type of account is designed to help people save money for medical expenses
What is a health savings account (HSA)
This type of insurance is designated to protect against the loss of income due to a disability.
What is disability insurance
This type of insurance is designated to protect against the loss of income due to the death of the policyholder.
What is life insurance.
When does the market open and close?
What is 9am and 5pm
This type of account is designed to help people save money for their children's college education.
What is a 529 plan.
This type of investment involves pooling money with other investors to purchase a diversified portfolio of stocks and bonds.
What is a mutual fund