Principles of Finance Final Exam

When a person buys shares in a company you own?

• Interest
• Annuity
• Stock
• Bank

Which of the following investment strategy pools people's money to buy stock

• Bond
• Annuity
• Commodities
• Mutual Fund

The organization that regulates the banking system in the United States is called?

• Federal Reserve
• Global Summit
• Internal Revenue Service
• Fannie Mae

The FDIC insures deposits in the bank up to?

• $100,000
• $200,000
• $250,000
• $500,000

Goals that are specific, measurable, attainable, realistic, and time bound are?

• Smart Goals
• Short-Term Goals
• Medium Goals
• Long-Term Goals

A detailed plan to manage your spending and saving of money is a ?

• Wealth Plan
• Cash Flow Analysis
• Budget
• Checking Account

A professional who provides financial planning and advice on money matters is?

• Your friends
• Financial Advisor
• Your teachers
• Your boss

An investment where money is distributed in a series of equal payments over time for retirement income in?

• Stock
• Bond
• Annuity
• Mutual Fund

A loan that is backed by collateral, such as a car is known as?

• Unsecured Loan
• Bank Loan
• Discretionary Loan
• Secured Loan

Income that is available after all essential financial commitments have been paid is known as?

• Gross Income
• Discretionary Income
• Negative Income
• Financial Income