Personal Finance Final Review Part 2

Front

Initial amount of money saved/invested

Back

Principal

Front

Rate of earnings on the initial sum of money saved/invested

Back

simple interest

Front

Interest on both the initial sum of money saved/invested AND previous interest earnings

Back

compound interest

Front

A fully funded emergency fund is _______ months

Back

3-6 months

Front

How many hours must you work in a week to earn overtime pay?

Back

more than 40

Front

Shares of ownership in a corporation

Back

Stocks

Front

A debt instrument issued by the government or corporation that requires the issuer to pay the holder the loan principal plus interest at maturity

Back

Bond

Front

An investment program funded by shareholders that trades in diversified holdings and is professionally managed

Back

Mutual Funds

Front

Property often consisting of land and or buildings

Back

Real Estate

Front

A basic good used in commerce that is interchangeable with other goods of the same type

Back

Commodities