Unit 2 Saving, Investing, & Risk Management Quiz-Lesson 1

Pay Yourself First (PYF) means.....

• investing money for high return

• save a portion of your income for future use

• spending your income once you get it for bills.

• possible financial loss or physical harm.

A 10U issued by a company or the government in exchange for a loan from an investor that will be repaid with a set rate of return is known as..

• Stock

• Mutual Fund

• IRA

• Bond

A business that provides money related services is called....

• Financial Institution

• Principal

• PYF

• Mutual Fund

A fee received or paid for the use of money is known as..

• Opportunity Cost

• Risk

• Interest

• Stock

Money that is committed to gain a profit or earn interest is called....

• Mutual Fund

• Bond

• Stock

• Invest

A collection of stocks, bonds, or various corporations is called...

• principal

• mutual fund

• invest

• interest

The next best thing given up when making a financial choice is known as ....

• risk

• interest

• principal

• opportunity cost

The amount of money originally invested is called ....

• Principal

• Risk

• Pay Yourself First

• interest

The possibility of a financial loss or physical harm.

• Opportunity Cost

• Stock

• Risk

• Mutual Fund

A _________ gains interest where people put money for future use is called...

• stock

• savings account

• mutual fund

• interest