Get this and all of our test prep. Search. personal finance exam 2. Without monitoring the value of investments, it is impossible to know if the investments are increasing or decreasing in value. 3 years ago. Flashcards. Flashcards. Spell. What are the four major types of taxes to consider in estate planning? Start studying Personal Finance Exam #2. Wages, Interest, Dividends, Capital Gains) 2. Each of these factors can affect the choice of investments. The most expensive loans are available from: finance companies. IF market interest rate is greater than your coupon rate (ie. For someone in their twenties, investments should provide the type of long-term growth possibilities that will enable them to grow their retirement nest egg over a long period of time. What options can be used to purchase shares in or withdraw money from an open-end mutual fund? Chapter 2 4. Created by. 1. To play this quiz, please finish editing it. Finance. Personal Finance. Sign up for free today and boost your AP, SAT and high school exam scores! Explain the relationship between earnings and a stock's market value. svanduzer. Assume that you are now 45, As people get older, they tend to choose more conservative investments. What are four major sources of retirement income? What is the difference between the primary market and the secondary market? Employer-sponsored plans provide a, In your own words, describe the difference between a managed fund and an index fund. Personal Finance Flashcard Maker: Lylie Harter. In reality, the price of a corporate bond may fluctuate until the maturity date. Chapter 1 2. 9th - 12th grade . Insurance. Created. Terms in this set (46) 3 things you should do before you buy a car from a private individual. Write. What are the risks involved when investing in state and local securities? An annual report is provided to stockholders and other interested parties once a year—usually before the annual meeting. Chapter 9 18 . Available information can range from simple price listings to detailed research information. Personal Finance Review Exam 2 - Personal Finance review#2... School Lone Star College System; Course Title BUSI 1307; Type. … Many analysts believe that a corporation's ability or inability to generate earnings in the future may be one of the most significant factors that account for an increase or decrease in the value of a stock. Homework. Upgrade to remove ads. 1. What are the three assets you should review on a regular basis during retirement? Treasury bills are issued with maturities as long as one year although typical maturities are 4 weeks, 13 weeks, 26 weeks, or 52 weeks. Match. The bond rated AAA is the. PLAY. List some important documents you will need to collect and organize. If a, What is the difference between the dividend yield and total return calculations that were described in. Chapter 4 8. In addition, he plans to keep at least $1,000 in his account so he can avoid paying a fee. What type of information about bonds is available on the Internet? Undergraduate 2. Simply put, higher earnings generally equate to higher stock value. Every impossible answer correctly identified adds to the score you are awarded if you complete Step 2 correctly! And yet, there are no guarantees. DSST Personal Finance: Course Preview × Watch Video. Contributions to a ROTH-IRA are. Fuel. Subscribe Now. Specifically, the suggestions are: (1) Pay yourself first, (2) Take advantage of employer-sponsored retirement programs, (3) Participate in an elective savings program, (4) Make a special savings effort one or two months each year, and (5) Take advantage of gifts, inheritances, and windfalls, Explain the following statement: The potential return on any investment should be directly related to, While all investors dream of a low-risk investment that provides large returns, the fact is that this rule is an example of the risk-return trade off that many investors must consider when choosing, Assume that you are choosing an investment for your retired parents. What is the difference between a Treasury bill, a Treasury note, a Treasury bond, and TIPS? The actual or true rate of interest paid over the life of a loan; includes all fees and costs. Learn. The fund manager also decides when to buy and sell securities in the fund. A legal declaration as to the disposition of one's property after death. Question Number Answer Level 1 Head Reference for Answer Difficulty 1 C. What is an Information System? Wages, Interest, Dividends, Capital Gains), "LOANership" a bond is a loan that gets paid off with interest at a specific time, Company expenses, Interest to bond holders, taxes, cash dividends to preffered stock holders, cash dividends to common stockholders, Backed by an agency of the Federal Government (not backed by federal government), Fixed Interest (and is paid up to 30 years). 60% average accuracy. How would you purchase a closed-end fund? Many financial planners recommend that you choose a mutual fund with an expense ratio of 1 percent or less. Spell. Each unit contains three chapters taught on video by Dave Ramsey and his team of experts. Definition. Information about the firm's finances is contained on its Web site. As people get closer to retirement, their investment goals often change. Access study documents, get answers to your study questions, and connect with real tutors for FINA 260 : Personal Finance at University Of Nebraska, Lincoln. Most beginning investors think that a $1,000 bond is always worth $1,000. Choose from 500 different sets of chapter 14 personal finance flashcards on Quizlet. The secondary market is. Personal property floater. Simply put, higher earnings generally equate to higher stock value. Why should you monitor the value of your investment? The most important priority that an investor in preferred stock enjoys is receiving cash dividends before common stockholders are paid any cash dividends. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Earnings per share (EPS) is a corporation's after-tax income divided by the number of shares outstanding of the corporation's stock. gracel05. Page 95. Start by making a lower offer. Liquidity is the ability to buy or sell an investment quickly without substantially affecting the investment's value. The Internet can provide investors with current market values, information about the fund provided by the investment company, In your own words, describe the advantages and disadvantages of mutual fund investments, In the table below indicate how each of the key terms affects a mutual fund investment and how. Personal Finance Exam #2. Learn. For many investors, mutual funds have become the investment of choice. What are the most popular personal retirement plans? Each question has two steps: Step 1: identify the 5 "impossible" answers based on the first part of the question which has been revealed to you. What expenses are likely to increase during retirement? First, funds are often used to meet long-term investment goals—like retirement. Loan It (ex. PLAY. Dr_Sandeep_Bala. Explain the difference between a general obligation bond and a revenue bond. Learn. Save. Would you choose a bond, Student answers will vary, but the key to this question is to emphasize the fact that they are investing for their retired parents. Created by. Finance Exam 1. Building your estate and estate distribution. Terms in this set (148) What is the greatest fixed cost in an automobile? 2 Ways to Invest Money. NZamith. It is important because it is an ongoing fee—year after year. Posted: (27 days ago) Cumulative Exam Quizlet Algebra 2 - Spell. Investing. An investor is an individual who holds an investment for a long period of time usually in excess of one year. 20% or more over time, when prices have declined 20% or more over time, Monitor what is happening (trends in economy), (Current market price of stock)/(earnings per share), Number used to predict future stock prices, stock with share prices inexpensive comapred with earnings, Takes money from many investors to make growth or income investments based on investment objective, money manager fee, 12b-1 fee, marketing fee, printing fee, advertising fee (0.2-2.5%) maybe an annual fee, DRIP (Dividend Reinvestment Program) pay yourself first, invest in companies listed on foreign exchanges ad in U.S. (balance), invest in companies with above average growth and pay steady dividends, Annually (interest, dividends, capital gains), 1. Personal Finance test Flashcard Maker: Hannah Primm. Played 415 times. Note: To obtain financial advice, please contact a qualified professional. Level. A general obligation bond is a bond backed by the full faith, credit, and unlimited taxing power of the government that issued it. A market order is a request to buy or sell a stock at the current market value. Total Cards. Only $2.99/month. Personal Finance Exam #3. chapters 8-10. Study Flashcards On Personal Finance Exam 2 at STUDY. Describe how each of the following sources of information could help you evaluate a stock, The Internet provides a wealth of information about stocks and other investment alternatives. Share practice link. Algebra 2 Cumulative Test Answers - Exam Answers Free. 2. Installment payments associated with the loan (or lease) used to acquire the car. Note: Treasury bills are discounted securities. Although the securities issued by the federal government provide lower. The earnings per share is the corporation's earnings divided by the number of shares outstanding. Stauatory Prospectus (more detailed, traditional) ex. Gravity. What is an initial, The primary market is a market in which an investor purchases financial securities (via an investment bank or other representative) from the issuer of those securities. Learn. Why do investors purchase stock? What are the two stages in planning your estate? Know if the car is covered by warranty. The fact that you are now 60 should be taken into consideration. Study Personal Finance Test 1 (ch 1-4) Flashcards at ProProfs - personal fina nce test Individuals who routinely buy and then sell stocks within a short period of time are called speculators (or traders), Describe each of the following investment techniques. What is the greatest variable cost in an automobile? The four components of the risk factor are: How do income, growth, and liquidity affect the choice of an investment? Spending patterns will probably change. Page 95 . Typically, stock investors choose stock because they want dividend income, dollar appreciation, or the possible gain that may result from stock splits. Personal Finance Review Exam 2 - Personal Finance review#2 1 Which of the following questions is NOT needed before deciding how and when to make a major. Solo Practice. Practice. Related Topics. Investors purchase certain investments because they want a predictable return or distribution of income from the investment. An exchange-traded fund? With state and local securities, there is a risk of default (nonpayment). Chapter 1 - Personal Finance. PLAY. In what circumstances would a $1,000 corporate bond be worth more than $1,000? Gravity. affinity cards. Fund investments can help you save for retirement for at least three reasons. malenathebest. As such, investors must make sure that their objectives and a prospective mutual fund's. Front: Back: Deopository institutions . In what circumstances would the corporate bond be worth less than $1,000? After all the shares originally issued have been sold, an investor can purchase. PLAY. Banking. DSST Personal Finance Exam Practice Tests & Study Guides ⚡️Now, with flashcards! Personal Finance Exam #3 Flashcards | Quizlet. In your own words, describe how an investment in common stock could help you obtain your investment goals, Many students are tempted to invest in stocks because of the historically high returns when compared to other investment alternatives. A plan for future spending and saving. Our quizzes will test your knowledge and will hopefully help you better understand what really happens when you buy a house, apply for a loan or a second mortgage, refinance your house, etc. Chapter 1. 60-70%. additional property insurance to cover the damage or loss of a specific item of high value. Preferred stock is an alternative method of financing that may attract investors who do not wish to buy a corporation's common stock. Write. Edit. STUDY. There is a professional fund manager (or team of managers) that chooses the securities that are contained in the fund. A prospectus discloses information about corporate earnings, assets and liabilities, products or services, and the qualifications of top management when a corporation sells stocks and is given to prospective investors. Term . Why do corporations sell stock? STUDY. This quiz is incomplete! These cards will help you understand jargon used by banks and financial institutions as well as acronyms such as APR. A specific suggestion made in this chapter was to limit consumer credit payments to 20 percent of net (after-tax) income. Over many years, the majority of managed funds fail to outperform the Standard & Poor's 500 stock index. - You should take great care in selecting a guardian for your children. PLAY. Match. Test of Financial Literacy: Examiner’s Manual offers teachers and test administra-tors the essential information they need in order to test the understanding of high school students on personal finance and compare the results with other high school students across the nation. Financial institutions that accept deposits from individuals and provide loans . Play. personal finance exam 2. They usually sell bonds when it is difficult or impossible to sell common stock or preferred stock. PLAY. Phases of consumer purchasing decision. Kennedy_Davis5. Personal Finance Exam 2. Spell. Description. Cards Return to Set Details. 1. Fin. Flashcards. Personal Finance Exam 2. Pay every 6 months at $39 /month Save $60. The price-earnings ratio (PE) is the price per share of the corporation's stock divided by the corporation's earnings per share. Accounting. Test. Dave Ramsey Chapter 2 Test Answer Key - Chapter Summaries. Corporations sell stock to finance their business start-up costs and help pay for expansion and their ongoing business activities. personal finance ch.1-4,8. Finance 102: Personal Finance Final Free Practice Test Instructions Choose your answer to the question and click 'Continue' to see how you did. Assume you want to purchase stock. Insurance. Subtotal: $234. How important is the investment objective as stated in a mutual fund's prospectus? Additional Finance Flashcards . In the event of bankruptcy, there are also long-term consequences, Many people would like to start investing, but they never have enough money to begin. Finish Editing. STUDY. 48. Flashcards. Activity: What Is Personal Finance? Which one, Most mutual funds are managed funds. Invest in fund with high expenses, loads, fees, investment management company that offers a variety of mutual funds with diverse investment objectives (more than 400. ex. For example, merchandise can be repossessed, a business can sue to recover the cost of the product or service, your credit score can be lowered, and the cost of additional credit, if available, may be higher. Quickly memorize the terms, phrases and much more. by elanham. ), Explain the relationship between earnings per share, projected earnings, and the market price for a, Many analyst believe that a corporation's ability or inability to generate earnings in the future may be one of the most significant factors that account for an increase or decrease in the value of a stock. A revenue bond is a bond that is repaid from the income generated by the. Learn chapter 14 personal finance with free interactive flashcards. Test. Bonds. The goal setting process is important because it forces investors to consider what they want to. Test. What repercussions could you, From both a legal and ethical standpoint, people have an obligation to pay for credit purchases. Write. 16 Cards – 1 Decks – 1 Learner Sample Decks: Chapter 3-Budgeting Show Class Behavioral Finance and personal investing. Personal Finance > exam 2 > Flashcards Flashcards in exam 2 Deck (76) ← Previous 1 2 3 Next → Loading flashcards... 1 An advantage credit unions may have over other financial institutions is: lower loan rates 2 Which savings plan is not covered by federal deposit insurance? Test. To care for your children in the event that you and your spouse die at the same time. What is the difference between a revocable and an irrevocable trust? Third, investors can often participate in an employer-sponsored retirement plan. Gravity. Since most people don't retire until they are 60 to 65 or older, you still have a number of years for your investments to appreciate and. Growth means that their investment will increase in value. morningstar, Dollar Cost Averaging (making money in falling market), the practice of investinga fixed amount in the same investment at regular investments (regardless of what the market is doing), Adhere Consistently to two principles (making money in falling market), 1. consistently invest equal sums of money, During a falling market.....(what you should do), experiences price changes throughout day as they are bought and sold, pay a broker (sold on stock market, supply and demand), investment professionals who evaluates an individuals personal finances..they recomend strategies to set and achieve long term financial goals, What to look for with financial professionals. A study conducted by the Bureau of Labor Statistics on how families spend money shows that retired families use a greater share for food, housing, and medical, Make a list of criteria you will use in deciding who will be the guardian of your minor children if you. Marketing. Why should an individual develop specific investment goals? Why are earnings per share and price-earnings ratios important? Subject. ... a list or other documentation of personal belongings, with purchase dates and cost information. The shares of an open-end fund may be purchased directly from the investment company, through a salesperson who is authorized to sell them, through an account executive of a brokerage firm, or. Why is it important? Get Free Dave Ramsey Chapter 6 chapter 6 answer keys dave ramsey - Bing REVIEW COPY - Chapter 2 Money In Review Answers Dave Ramsey Meet the Experts Dave … PLAY. Unfortunately, the reverse is also. Gravity. If you don't pay for products or services purchased on credit, there are serious repercussions. Personal Finance Chapter 1/2/3 Flashcards | Quizlet On this page you can read or download personal finance chapter 3 test in PDF format. Create. Live Game Live. The Buy and hold technique assumes that a long term investor purchases stock and holds onto it for a number of years. Earn It (ex. Write. Match. Unfortunately, the reverse is also true. If you don't see any interesting for you, use our search form on bottom ↓ . Other. Gravity. Our online personal finance trivia quizzes can be adapted to suit your requirements for taking some of the top personal finance quizzes. What is the major difference between a regular IRA and a Roth IRA? What are the two basic types of employer pension plans? Study Sets | Quizlet Dave Ramsey Chapter 2 Test Answer Key - Dave Ramsey Chapter 3 Quizlet PDF ePub - FredVitale Foundations in Personal Finance | Page 3/22. The sale of bonds can also improve a corporation's financial leverage—the use of. Currency. Business and Personal Finance Unit 1 Chapter 2 2007 Glencoe. Study personal-finance flashcards and notes. Some of the information is free while there is a charge for the more detailed information available online from. Since stock is a form of equity financing, it does not have to be repaid. Personal Finance Chapter 1/2/3 Flashcards | Quizlet On this page you can read or download personal finance chapter 3 test in PDF format. From an investor's viewpoint, what is the difference between common stock and preferred stock? At, Based on your age and current financial situation, which type of mutual fund seems appropriate for. Solicit the help of reliable and qualified mechanic to inspect the car before purchase .

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