Financial Lingo

Anything you own (for example your house, your car) are______________.

When the value of stocks is generally going up this is refered to as a

• Pig Market

• Bull Market

• Chicken Market

• Bear Market

Check off all the discretionary expenses.

• Gourmet Food

• Mineral Water

• Designer Shoes

• Muskoka Cottage

Check all the examples of liabilities

• mortgage

• car

• student loan

• granola

Check off all the non- discretionary expenses.

• Food

• Water

• Shelter

• Muskoka Cottage

The CDIC insures bank accounts up to what amount?

• $150 000

• $100 000

• $250 000

• $200 000

You total income before taxes and deductions are removed is referred to as-

• Take Home Pay

• Net Pay

• Gross Pay

• Pay Cheque

The term that means -mixing a wide variety of investments within a portfolio to reduce overall risk- is

• dimensioned

• disection

• directional

• diversification

When the value of stocks is generally going down this is refered to as a

• Pig Market

• Bull Market

• Chicken Market

• Bear Market

Check all the statements that are true of an RRSP (Registered Retirement Plan)-

• it can reduce the current amount of income tax you pay

• means the money you have saved is tax free when you access it in your retirement

• helps you save for retirement

• is hard to say 5 times fast