MP2 9wks Econ REVIEW

Front

Who contributes to 401K’s?

Back

employees and employers

Front

Risk can be defined as

Back

the potential for loss

Front

What happens if you withdraw money from your retirement account early?

Back

The amount withdrawn will be taxed at your current income tax rate & you may pay a penalty.

Front

Who contributes to IRA’s?

Back

individuals only

Front

Although banks typically pay low interest rates, you can earn more money from a bank if you put money into

Back

a CD (certificate of deposit)

Front

Which of these investments carries the most risk?
Options: savings account, Bonds, stocks, Certificates of Deposit (CDs)

Back

stocks

Front

A lender's requirement to guarantee repayment of a loan is referred to as

Back

collateral

Front

How many credit cards should I have?

Back

0-2

Front

When a bank evaluates you to receive credit, you must be considered

Back

creditworthy and a low risk

Front

What will make you more appealing to potential employers? Options: sleeping on the job & frequently on your phone, having bad work habits, having many valuable skills and training, frequent absences

Back

having many valuable skills and training