EPF Benchmark Review

how quickly assets can be converted to cash

• liquidity

• goal

• wealth

portion of income not spent on consumption

• assets

• wealth

• savings

original amount invested

• savings

• principal

• assets

setting aside a predetermined amount before paying any bills

• pay yourself first

• pay bills first

• pay yourself last

In the formula, I=PRT, the T stands for:

• interest

• time

• tipping

More ______ = More _________ earned

• time, money

• money, time

• time, interest

A _____________ can hold either stocks or bonds or both and is used to diversify your investments

• government bond

• parent company

• mutual fund

• real estate

Which would be considered the highest risk investment type?

• stock

• mutual fund

• bond

• money market fund

Harvey has $100,000 invested at Robinhood. He is charged 3.5% of his investment in annual fees. What is the dollar amount of his investment fee?

• $350

• $35

• $35,000

• $3,500

What is the chief reason corporations issue stock?

• To raise money for the corporation

• To give consumers ownership in the company

• To secure tax advantages

• To help the economy