Stock Market
When a company "goes public" for the first time, this is also referred to as.......
What is an IPO?
Initial Public Offering
How many credit bureaus collect information from public records and companies you do business with and use that information to create your report?
Three
In the 50/30/20 budget, the ratios represent....
50 needs
30 wants
20 savings
Which of the following is the biggest stock market exchange in the world?
NASDAQ
NYSE
Shangai Stock Exchange
NYSE
This type of loan is specifically for buying property such as land and/or buildings.
Mortgage
True / false
Publicly-traded companies can change the price of their outstanding stocks at any time.
False
They only have a say in the price at the IPO
Of the following three items , which one does not impact your credit score calculation?
Types of Credit (loans, etc) that you have
Your Salary
Length of credit history
Salary
Your budget should start with your "net pay". What does "net pay" mean in other words?
After-tax income or take-home pay
This term describes a high-net-worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company
Angel Investor
In regard to credit cards, what does APR mean?
Annual Percentage Rate
What lasts longer - Bear or Bull market conditions?
Bull markets
The Average Americans credit score falls in which range?
580-669 - Fair
670 - 739 - Good
740-799 - Very Good
Average is 711, "Good" range
About how many months of expenses should you have saved for an emergency fund?
3 - 6 months
In regards to compound interest, this rule provides a formula to calculate how long it will take your initial deposit to double.
The rule of 72
A debit card, is most like an electronic _______.
check from a checking account
If a stock has a Beta of 2, does this mean it is more or less volatile than the market?
Beta - a way of measuring a stock's volatility compared with the overall market's volatility.
Stocks with a value greater than 1 are more volatile than the market
True / False
Closing old credit card accounts can hurt your credit score.
TRUE
Closing old credit card accounts can hurt your credit score, That’s because calculations consider the length of your credit history and your total available credit
The average American has over two credits cards and about $_________ of outstanding debt?
$5,550
This term refers to the loss of potential gain from other alternatives when one alternative or investment option is chosen.
What is opportunity cost?
This is another name for "ownership" in a business. The "Sharks" on shark tank often invest for a % of.....
Equity
What does P/E ratio measure?
The P/E ratio simply the stock price divided by the company’s earnings per share for a designated period like the past 12 months. The price/earnings ratio conveys how much investors will pay per share for $1 of earnings.
The second most important factor in determining your credit score is how much of your available credit you’re using. That’s called the credit utilization rate. you should keep your rate at this ____% or lower.
30%
Ideally, how much of down payment should you put down when buying a new home?
20% otherwise you may have to pay mortgage insurance to the lender.
What are the top 3 stock marker indices today?
The three most widely followed indexes in the U.S. are the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite
The calculation for simple interest is
I = P x R x T
Where P is Principal or initial deposit
R = Interest Rate
T = Time - how many years