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WorksheetsPersonal Finance Test 2
Total questions: 12
Worksheet time: 7mins
Numbers on the bottom of checks and deposit slips are that identifies the financial institution
account number
routing number
check number
amount of check
How do you tell the difference between outstanding and cleared transactions in a register
outstanding transactions have a check mark; cleared transactions do not have a check mark
outstanding transactions do not have a check mark; cleared transactions do have a check mark
Fee charged for spending more than what the balance of the checking account is
an overdraft fee
an ATM fee
a safe deposit fee
a contact fee
A combination of investments from funds of many investors to diversify a portfolio
mutual fund
stock
bond
CD
Highest amount of investment risk
stock
bond
mutual fund
CD
Lowest amount of investment risk
stock
bond
mutual fund
CD
Potential for the highest return.
stock
bond
mutual fund
CD
Receiving a share of the profit from the company you own stock in
dividend
capital gain
inflation risk
investment risk
Bond considered to have the most investment risk.
corporate bond
Treasury bond
municipal bond
Why diversify?
decrease risk by investing money in a variety of investment tools
limit investors choices to one or two investment tools
increase the risk/return ratio
indicates an investor is a good predictor of the return an investment will have
Retirement plans that are tax deductible.
traditional 401 (k)
traditional 401 (k) & Roth 401 (k)
Roth 401 (k) & Roth IRA
Retirement plans that an individual pays an income tax on the funds when withdrawn at retirement.
traditional 401 (k) & traditional IRA
Roth 401 (k) & Roth IRA
traditional 401 (k) & Roth IRA
traditional 401 (k) & Roth 401 (k)
