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EPF Chapter 17 Savings and Investing
Quiz by Al Johnson
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19 questions
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- Q1What is an emergency fund?a bank offered tax defermentstocks and bondsa savings account that you can access quickly to cover unexpected expensescertificate of deposit30s
- Q2The three types of goals are short-term, long-term and ______________________.middleintermediateemergencyfinancial30s
- Q3Always pay ___________________ first.taxesutilitiesyourselfyour bills30s
- Q4Strategies for surviving a financial crisis includeestablish a larger emergency fundreduce spendingpay off credit cardsall of the above30s
- Q5A risky investment with a potential for a large return is calleda speculative investmenta preferred stocka certificate of depositgood investing30s
- Q6Financial goals are necessary forsolid financial planningresponsible spendingestate planningcredit protection30s
- Q7Inflation is when purchasing powerdecreasesremains the samenone of the aboveincreases30s
- Q8Calculate the loss of buying power (in dollars) using an original price of 500 and a loss of buying power % of 2%.$10$15$100$530s
- Q9A stockholder can expect a return in the form ofa mutual funda refunda stock optiona dividend30s
- Q10Retained earnings aremutual fund purchasesnone of the abovelong term investmentsprofits that are reinvested30s
- Q11The ability to buy or sell an investment quickly is known assalesmanshipshort term investmentsinvestment liquidityretained earnings30s
- Q12Money that a business gets from its owners in order to operate is know asinitial investmentsretained earningsstart-up moneyequity capital30s
- Q13A type of stock that gives the owner the advantage of receiving cash dividends before other investors is amutual fundcorporate bondpreferred stockcommon stock30s
- Q14If a bond is paid on May 15 2019, that day is known as thematurity datestock saledividend payout date1st quarter payout30s
- Q15Diversification can be defined asspreading assets among several types of investmentsequal opportunity investingpurchasing preferred stocka government program to protect investors30s