Unit 3 review (Financial skills)

An account comprising of a certain amount of money that will make interest but must stay in place for a certain period of time.

• Savings 
• Checking
• Certificate of Deposit
• Mutual fund 

Buying something and then paying later.

• Interest 
• Credit 
• Diversify 
• All of the above

An order to pay money from an account to another person or company.

• Credit 
• Statement 
• Check 
• Salary 

The income one makes after taxes and other deductions are taken out.

• Gross pay
• Net pay 
• Hourly pay 
• Salary 

The income one makes before taxes and other deductions are taken out.

• Gross pay 
• Net pay 
• Hourly pay 
• Salary 

One’s required signature on the back of a check for cashing or depositing purposes.

• Memo 
• Endorsement 
• Statement 
• None of the above 

Money that is put into the bank.

• Debit 
• Credit 
• Withdraw 
• Deposit 

A pool of money from many investors used to buy stock, bonds or other financial assets.

• Stock 
• Bond 
• Mutual fund 
• CD

A promise by a corporation or government to repay a certain amount plus interest at a specific time.

• Stock 
• Bond 
• Mutual fund 
• CD 

Ownership shares in a company.

• Stock 
• Bond 
• Mutual fund 
• CD