Personal Finance Final Review Part 2

Initial amount of money saved/invested

• Principal

• Simple Interest

• Compound Interest

• 3-6 months

Rate of earnings on the initial sum of money saved/invested

• Principal

• compound interest

• simple interest

• 3-6 months

Interest on both the initial sum of money saved/invested AND previous interest earnings

• Principle

• compound interest

• simple intersest

• 3-6 months

A fully funded emergency fund is _______ months

• simple interest

• compound interest

• principle

• 3-6 months

How many hours must you work in a week to earn overtime pay?

• 20

• more than 20

• 40

• more than 40

Shares of ownership in a corporation

• Stocks

• Bonds

• mutual fund

• commondity

A debt instrument issued by the government or corporation that requires the issuer to pay the holder the loan principal plus interest at maturity

• Stock

• Bond

• Mutual Fund

• Commodity

An investment program funded by shareholders that trades in diversified holdings and is professionally managed

• Stock

• Bonds

• Mutual Funds

Property often consisting of land and or buildings

• Stocks

• Bonds

• Mutual Funds

• Real Estate

A basic good used in commerce that is interchangeable with other goods of the same type

• Stocks

• Bonds

• Mutual Funds

• Commodities