Personal Finance Final Review

Personal finance is a about managing your ____________

• income

• friends

• bank account

• behavior

April 15th is:

• Mr. Fratriks birthday

• founders day

• the day income tax filings are due

• Senior skip day

The tax I pay on my home:

• property tax

• income tax

• estate tax

• sales tax

A profitable investment portfolio must be extremely complex.

• true

• false

A retirement plan for employees at non profit organizations like churches and schools.

• 401K

• 403B

• 457

• Roth IRA

For an emergency fund or short term savings goal, you should keep your money in __________________.

• a savings account

• the stock market

• a mutual fund

• cash under your matress

When you own stock in a company, and that company makes a profit, you get some of that money. This is called a:

• buy-out

• investment

• interest payment

• dividend

Which retirement plan is often matched by your employer?

• roth IRA

• bond funds

• 401K

• index funds

Why is diversification important in investing?

• to decrease risk

• to increase return

• to reduce tax liability

• to keep investments more liquid

Sales and excise taxes are taxes on:

• income

• wealth

• property

• consumption