Unit 2 JA Finance Flashcard

Unit 2 JA Finance Flashcard

Assessment

Flashcard

Social Studies

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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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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