Understanding Financial Concepts and Terms

Front

Investment

Back

An asset that generate money

Front

Which best describes an investor’s primary goal?

Back

to earn a profit

Front

Which is true about investments and risk?

Back

Every investment carries some degree of risk.

Front

Which one of the following is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender? Property, Money, Collateral, Deposits

Back

Collateral

Front

Interest is the additional charge you get for borrowing money.

Back

True

Front

What is the range for credit scores?

Back

300-850

Front

What is a credit card?

Back

A small plastic card issued by a bank and attached to a line of credit.

Front

The primary role of the Federal Reserve Bank is to steer the economy by

Back

controlling the money supply.

Front

Which is a main goal of the Federal Reserve?

Back

Create a stable, healthy economy

Front

The Form W-4 is used to withhold what type of tax?

Back

Federal