1
When it comes to personal savings, PYF stand for
What is Pay Yourself First?
True or False
Interest is the fee received for the use of money
What is true?
How much money you make off of your money
What is interest or rate of return?
Ownership is a corporation
What are stocks?
True or False
A long-term investment usually means an investment period of one to three months.
What is False?
The higher the probability that the even will happen, the more expensive the _ _ will be
What is insurance premium?
To commit money to gain profit or interest
What is invest?
Interest-bearing financial institution accounts where people put money aside for future use
What is savings account
True or False
Stocks are insured against loss by most banks and credit unions.
What is false?
Protection against risk is the main reason people purchase this type of policy
What is insurance?
The next best alternative given up when making a financial choice
What is opportunity cost?
The amount of money originally invested
What is principal?
A saver who wants their saving insured by the FDIC (Federal Deposit Insurance Corporation) wants to use this saving option.
What is savings account?
Designed to offer liability protections and property coverage for theft and fire
What is home insurance?
A business that provides money related services
What is a financial institution?
The possibility of financial loss or physical harm
What is risk?
What is savings account, Certificates of Deposits (CDs) Money Market Account?
Pays a benefit to survivors in the case of death
What is life insurance?
Two examples of long-term savings options
What are stocks, bonds, mutual funds
Mrs. Wagner's birthday month
What is April?