How quickly you can acess your account and turn it into cash.
What is Liquidity?
100
Extended line of available credit such as a credit card.
What is Open-End Credit?
100
The longer you invest the more money you will have.
What is the Time Value of Money?
100
Earning interest on interest.
What is Compound Interest?
100
Chance of loss from an event that cannot be entirely controlled.
What is Risk?
200
S.M.A.R.T. Goal
What is Specific, Measurable, Attainable, Realistic, and Timebound?
200
Credit card companies do this to reduce their risk when granting credit to young people with few assests and limited income. (two examples)
What is require a Co-signer and limit the credit line to a small amount of money?
200
Reason for having a diversified stock portfolio.
What is Lowers Risk?
200
Job of the FDIC.
What is insure your account for up to $250,000?
200
Two reasons people should purchase life insurance.
What is Peace of Mind and Financial Security?
300
My financial position today.
What is Statement of Financial Position?
300
Three financial practices that have a positive impact on credit scores.
What is pay bills on time, limit the amount of debt you have, and limit the pursuit of new credit?
300
Relationship between risk and return when it comes to investing.
What is the higher the risk the higher the potential to make a profit, the lower the risk the lower the potential to make a profit?
300
Most liquid to least liquid savings tool.
What are checking accounts, savings accounts, money market accounts, CDs, and savings bonds?
300
Covers bodily injury or property damage that you cause to property or another person.
What is Liability Insurance?
400
Put money aside in savings before you pay your bills.
What is Pay Yourself First?
400
The five categories used to determine an individual's credit score.
What is: Type of Credit, Pursuit of New Credit, Length of Credit History, Amount Owed, and Payment History?
400
Form of lending to a company or the government.
What is a Bond?
400
Savings tool that has tiered interest.
What is money market account?
400
_____________ insurance covers damage to your car from theft, vandalism, and natural disasters.
_____________ insurance covers damage to your car when you hit another car.
What is Comprehensive and Collision?
500
The three factors that impact the overall cost of an automobile if you need to take a loan out to buy it.
What is Interest Rate, Length of Loan, and Amount of Down Payment?
500
FICO Score Range.
What is 300-850?
500
Company combines the funds of many different investors, then invests the money in a diversified portfolio of stocks and bonds.
What are Mutual Funds?
500
Account that must be held for a certain length of time and requires a minimum deposit.
What is CD?
500
Type of insurance needed when you can not take care of yourself.