Personal Finance Review

Front

Which investment allows you to invest in 90-200 different companies therefore lowering the risk but still giving you the benefit of investing in the stock market?

Back

Mutual Funds

Front

Diversified means to....

Back

buying many investments to spread out risk

Front

Why is compound interest more beneficial than simple interest?

Back

You earn interest on your interest

Front

Money in a bank or credit union is insured up to ...

Back

250,000

Front

Which would be the best savings tool for an emergency fund? Options: Certificate of Deposit, Savings Account, Money Market Account, Stock

Back

Savings Account

Front

Someone breaks into the apartment you rent and steals your television, which type of insurance will cover?

Back

Renters Insurance

Front

The type of health insurance that is normally the least costly but you have limited choices of health care professionals and most specialist require a referral from your primary care physician.

Back

HMO (Health Maintenance Organization)

Front

Which type of Life Insurance policy only pays a beneficiary when a person dies during a pre-determined time period?

Back

term life

Front

The amount paid to have insurance is the

Back

premium

Front

Your money remains tax-deferred in this account until you withdraw (taxed as income)

Back

Traditional IRA