EPF Unit 8 - Test Review

Front

Provides protection against a possible negative eventuality (illness, accident, etc.)

Back

Insurance

Front

Money paid to an insurance company for a policy.

Back

Premium

Front

Amount you must pay before your insurance covers expenses.

Back

Deductible

Front

The addition of interest to the principle of a loan or deposit; interest on interest.

Back

Compound Interest

Front

A managed portfolio of diversified stocks and bonds.

Back

Mutual Fund

Front

Amount of time needed to double one's investment

Back

Rule of 72

Front

What is it called when the stock market rises for a period of time?

Back

bull market

Front

What is it called when you lose money on stocks you have purchased?

Back

capital loss

Front

Does a bear market mean the stock market is rising or going down?

Back

going down

Front

What was the closing price for Google that day?

Back

$96.66