Insurance
This type of insurance pays money to your beneficiaries if you pass away.
What is life insurance?
A long term commitment to put money away and let it grow.
What is investing?
The type of business that issues stock shares to show ownership of the company.
What is a corporation?
A sum of money paid regularly by a company to its shareholders.
What is a Dividend?
Jim buys 50 shares of stock at $3 per share. How much did he spend?
$150
A payment made monthly, twice a year, or yearly for an insurance policy.
What is a premium?
An investment where you put money into a locked account for a set length of time, then get it back with interest.
What is a CD?
What is risk?
A licensed individual or company who can buy or sell stock for you.
What is a stockbroker?
Allie sells 100 shares of stock at $23.50 per share. How much does she make?
The amount you pay out of pocket before insurance starts to pay.
What is the deductible?
A bundled collection of stocks and other investments you can buy shares of to minimize risk.
What is a mutual fund?
The price of a share of a mutual fund:
NAV - net asset value.
A person who makes their living buying and selling stocks constantly looking for quick profit.
What is a Day Trader?
Ryan's stock pays a dividend of $1.50 per share. He owns 200 shares. How much money does he get?
$300
Which is NOT a type of insurance:
HMO, PPO, FICA, Traditional
FICA is not insurance.
A retirement account in which interest is completely tax free.
What is a Roth IRA?
A company or government that doesn't have stock but wants to raise money can do so by selling this investment tool.
What is a bond?
If a company announces it is introducing a popular new product its stock would go...
UP!
George owns a $1000 savings bond that pays 5% interest per year. He paid 88.5% for it. What is the APY of this bond?
5.6%
The flat fee you pay to visit a doctor or specialist when using health insurance.
What is a Copay?
The cost to buy into or sell out of a mutual fund is called the fund's
What is a loading charge?
The calculated yearly return on an investment is called.
What is APY?
The largest stock market in the world is called the.
What is the New York Stock Exchange?
Larry invests $15000. One year later, his investment is worth 17236. What is the APY of his investment?
14.9%