Ch 16 Review

the right, but not the obligation, to buy or sell a commodity or stock for a specified price within a specified time period.

• Option

• Rule of 72

Low-priced stocks of small companies that have no track record

• Financial Stock

• Mutual Funds

• Annual Funds

• Penny Stock

A collection of investments

• Annuity

• Ledger

• General Journal

• Portfolio

pools money of many investors to buy a large selection of securities.

• Mutual Fund

• Portfolio

• Collectible

• Financial Pages

contract by which you make a lump-sum payment or series of payments that earn interest and, in return, receive regular disbursements, usually after retirement.

• Financial Pages

• Annual Report

• Annuity

• Permanent Investments

a debt obligation of a corporation or a government.

• Stock

• Bond

• Systematic Investing

• Futures

U.S. Treasury securities are exempt from state and local income taxes.

• True

• False

contracts to buy and sell commodities for a specified price on a specified future date.

• Stocks

• Futures

• Collectibles

• Bonds

a unit of ownership in a corporation.

• Option

• Stock

• Bond

• Discount

The put-and-take account is considered to be an emergency fund.

• True

• False