INVESTING
Mutual funds that are properly _________ will have investment dollars spread equally among different classes of financial assets.
Diversified
Account for day to day transactions
Checking account
What is a loan vs direct payment?
3.4%
True or False? Information, even if not true, can cause a stock's value to drop.
True
The degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.
RISK
A % percent you pay or gain when you lend or borrow
Interest is applied to this card if not paid on time
NIL meaning
Name, Image, and Likeness
Would the risk be low or high to invest all your money in only one type of stock?
High
ROI meaning
Return on Invesment
This federal agency insures bank deposits up to $250,000 per depositor, per insured bank.
FDIC
Name one type of credit card company
American Express, VISA, MasterCard, etc
Time Value of Money Concept
IPO meaning
Initial Public Offering
One of the three major stock exchanges in the U.S.
NASDAQ, NYSE, AMEX
Finish the Sentence: Don't save by the dollar, save by the ____
Percent
Finish the sentence: Credit Cards are paid ____
Monthly
What is the average interest rate on a 30 yr fixed mortgage in 2026?
Roughly 7.4%
One of the ways (relating to time) that expenses occur.
What is monthly, annually, quarterly, periodically, etc..?
These are a debt instrument where the issuer owes you money. They make regular interest payments and pay back the face value at a later date. The risk is lower than stocks.
BONDS
What is a commonly cited target percentage to save?
20%
What is the average interest rate for a new credit card?
Roughly 24%
With the average at transaction price of a new vehicle being roughly 50 thousand USD, how much does a new car depreciate in a year? Percentage answer
Roughly 15% on average, with model and brand playing a factor
For how many months should you be able to live off your emergency fund?
3-6 months