Unit 2 JA Finance Flashcard
Flashcard
•
Social Studies
•
7th Grade
•
Hard
Wayground Content
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12 questions
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1.
FLASHCARD QUESTION
Front
When it comes to personal savings, What does the acronym PYF stand for?
Back
Pay yourself first
2.
FLASHCARD QUESTION
Front
What is one pro about owning a health insurance policy?
Back
It allows you to get regular medical health care.
3.
FLASHCARD QUESTION
Front
Protection against risk is the primary reason people purchase this type of policy.
Back
All of the above
4.
FLASHCARD QUESTION
Front
is the fee received for the use of money.
Back
Interest
5.
FLASHCARD QUESTION
Front
This type of investment is essentially an IOU with a set rate of return.
Back
Bonds
6.
FLASHCARD QUESTION
Front
What are 2 long term savings options?
Back
401(k) and Stocks
7.
FLASHCARD QUESTION
Front
What are 2 cons of owning a health insurance policy?
Back
It is expensive and co-payments usually apply.
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