Personal Finance

Investment

• An asset that generate money

• Someone who takes risk

• When you deposit money into a bank

Which best describes an investor’s primary goal?

• to earn a profit

• to lose a profit

Which is true about investments and risk?

• Every investment carries some degree of risk.

• NOT Every investment carries some degree of risk.

Which one of the following is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender?

• Property

• Money

• Collateral

• Deposits

Interest is the additional charge you get for borrowing money

• True

• False

What is the range for credit scores?

• 300-800

• 300-850

• 0-1000

What's one way to boost my credit score?

• Pay bills on time

• Use credit wisely

• Take out loans and pay them back with interest

What is a credit card?

• The ace of diamonds

• A large plastic card designed to ruin consumer's finances

• A small plastic card issued by the government attached to a line of credit

• A small plastic card issued by a bank and attached to a line of credit

The primary role of the Federal Reserve Bank is to steer the economy by

• controlling the budget
• setting spending levels.
• controlling the money supply.
• loaning out money.

Which is a main goal of the Federal Reserve?

• Create a high level of inflation

• Create a stable, healthy economy

• Print currency for American citizens

• Develop new laws for the United States