Investing and Saving

Front

The New York Stock Exchange is where trading is done through a network of investment companies

Back

False

Front

A ________________ bond is one that can be converted into a predetermined amount of the company.

Back

Convertible

Front

___________ accounts work like a checking account, but with limited withdrawals.   Pays a higher rate of interest than savings accounts and the interest rate can vary while the money is deposited.

Back

Money Market 

Front

The time value of money can best be explained using which of the following concepts? Options: The risk-to-return relationship, The "pay yourself first" philosophy, Make your money work for your, Time, money, and rate of interest relationship

Back

Time, money, and rate of interest relationship

Front

Bonds or bills issued by the U.S. Government

Back

Treasury Issues

Front

What approximate interest rate would an investor need to earn in order to double the value of an investment in six (6) years?

Back

12%

Front

Who will have the larger mutual fund balance in 20 years if Monica adds $500.00 annually for 10 years and Mason invests $5,000.00 after 10 years, both earning a 7% return?

Back

Monica

Front

Owning __________ means you own a part of a publicly traded company.

Back

Stock

Front

Blue Chip Stocks are issued by older, larger, well established companies that have a proven record of paying dividends.

Back

True

Front

Diversity is a technique that reduces risk by allocating investments among various financial instruments, industries and other categories.

Back

True