Final Review Part II

A record of checks, ATM transactions, deposits, and charges on an account.

• bank statement

• income statement

• balance sheet

• CD

The process of spreading risk by putting money in a variety of investments.

• bonds

• stocks

• diversification

• mutual funds

A strategy for using money to reach important goals and to advance financial security.

• spending

• giving

• earning

• saving plan

An investment created by pooling the money of many people and investing it in a collection of securities.

• mutual fund

• bonds

• stocks

• annuity

The person, business, or organization to whom a check is written.

• banks

• payor

• payee

• signature

Purchasing a financial product or valuable item with the goal of increasing wealth over time in spite of possible loss

• bonds

• investing

• gambling

• stocks

Using a debit card has the same result as ___________.

• Using a credit card

• Writing a check

• Borrowing money

• Saving money

Which of the following is an example of a banking service?

• Safe-Deposit Box

• Loan

• Special Payment Service

• All of the above

Reconciling a bank statement means comparing the _______.

• Check register to the checking account

• Check register to the savings account

• Savings account to the checking account

• Credit card to the debit card

The portion of a company’s earnings that is paid to stockholders is a(n)______.

• Interest payment

• Dividend

• Annuity

• Deposit