Personal Finance Question Preview (ID: 61670)


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Money left over after expenditures are set aside for rupture
a) savings
b) investing
c) broker
d) dividends

Process of putting money aside to increase the wealth for long-term goals
a) Savings Account
b) Savings
c) broker
d) Investing

Interest earned on the principal amount/ Any interest already earned
a) Compund Interest
b) Capital Gains
c) Financial Adivsor
d) Broker

A person who is the in between for buyers and sellers of stocks and bonds
a) Portfolio
b) Financial Advisor
c) broker
d) James

A list of assest and investments
a) Dividneds
b) Portfolio
c) Savings Account
d) Deductible

Advantages of a Saving plan
a) Low Risk, Interest Rate are defined, easily accessible, Tax-Favored
b) Low Risk, low returns, easily accessible, Tax-Favored
c) Low Risk, Interest Rate are defined, easily accessible, Stocks
d) Susceptible to inflation, Interest Rate are defined, easily accessible, Tax-Favored

One example of an investing plan
a) Market risk
b) Stocks
c) broker
d) Loads

T/F - Its essential to understand the power of compounding and the importance of starting late in implementing a saving and investing plan
a) T
b) F
c)
d)

A disadvantage of an investment plan
a) Grow with economy
b) High risk
c) Easy to Buy
d) Little money needed

Distribution of profits by a corporation to its shareholders
a) Portfolio
b) Capital gains
c) Dividends
d) Investing

T/F - It's essential to consider years till retirement when deciding on savings and to invest
a) T
b) F
c)
d)

What do savings help people with?
a) Keeps up with inflation
b) Future large purchases are harder to purchase
c) Protect yourself against emergencies
d) Low returns

T/F - Spending is essential when it comes to personal finances
a) T
b) F
c)
d)

Within the next couple of years is a
a) Long-Term goal
b) Short-Term goal
c)
d)

A cost that does not change
a) Variable Expenses
b) Fixed Expenses
c) Budget
d) Goals

Example of fixed expense
a) Doctor bills
b) Entertainment
c) Dinner
d) vacation

Expenses that vary every month
a) budget
b) Variable Expenses
c) Fixed Expensees
d) Goals

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