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Lesson 30: Your Personal Net Worth,Module 103: Maximizing Investments
Test Description: Lesson 30: Your Personal Net Worth,Module 103: Maximizing Investments
Instructions: Answer all questions to get your test result.
1) is a snapshot of a person's financial condition at a given moment. It is the total value of the person's assets, or possessions, minus the value of his or her liabilities, or debts.
A
Examples of Assets
B
Net worth
C
Liabilities
D
Capital
2) cash and investments—such as checking and savings accounts—personal property (jewelry, a car, or a computer), stocks (shares in a corporation), real estate, and business equipment
A
Securities
B
Examples of Liabilities
C
FDIC $250,000
D
Examples of Assets
3) How Quickly an asset can be converted into cash .Examples include checking accounts and savings accounts.
A
Stocks
B
Fixed Interest
C
Liquidity
D
pay yourself first Pof
4) Automatically route money from paycheck to savings (before paying bills).Is called
A
Time value of money
B
401k
C
Pay Yourself First 10%
D
Fixed Interest
5) Refers to the fact that money received today is worth more than money received next year or the year after.
A
Compound interest
B
Time value of money
C
Simple interest
D
Simple interest
6) Interest calculated on both the principal and the accrued interest.
A
Securities
B
Simple Interest
C
Liquidity
D
Compound interest
7) are financial obligations, or amounts of money you owe. Liabilities include outstanding bills and debts of any kind, such as student loans, car loans, money borrowed from friends or family, mortgages (and rent, if you have a lease), and taxes.
A
Liquidity
B
Examples of Assets
C
Liabilities
D
Net worth
8) Groups of stocks, bonds, and other investments managed by an investment firm
A
Compound interest
B
Capital
C
FDIC 250000
D
Mutual fund
9) Inflation is the general rise of price levels: who suffers in inflation
A
people living on fixed income
B
Liquidity
C
People living in California
D
people with 401k's
10) how long (many years) will it take to double an investment?
A
Diversification
B
Rule 72
C
401K
D
Simple interest
11) retirement plan when employers often match a portion of every dollar you invest
A
FDIC
B
401k
C
Net Worth
D
Stocks
*select an answer for all questions
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