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WorksheetsFinancial Lingo
Total questions: 27
Worksheet time: 38mins
Anything you own (for example your house, your car) are (a) .
When the value of stocks is generally going up this is refered to as a
Pig Market
Bull Market
Chicken Market
Bear Market
Check off all the discretionary expenses.
Gourmet Food
Mineral Water
Designer Shoes
Muskoka Cottage
Check all the examples of liabilities
mortgage
car
student loan
granola
Check off all the non- discretionary expenses.
Food
Water
Shelter
Muskoka Cottage
The CDIC insures bank accounts up to what amount?
$150 000
$100 000
$250 000
$200 000
You total income before taxes and deductions are removed is referred to as-
Take Home Pay
Net Pay
Gross Pay
Pay Cheque
The term that means -mixing a wide variety of investments within a portfolio to reduce overall risk- is
dimensioned
disection
directional
diversification
When the value of stocks is generally going down this is refered to as a
Pig Market
Bull Market
Chicken Market
Bear Market
Check all the statements that are true of an RRSP (Registered Retirement Plan)-
it can reduce the current amount of income tax you pay
means the money you have saved is tax free when you access it in your retirement
helps you save for retirement
is hard to say 5 times fast
TFSA stands for
The First Savings Account
Totally Free Savings account
Tax Free Savings Account
Tax Forgiven Savings Account
An RESP
helps you save for a house downpayment
helps you save for a child's education
helps you save for a special event
helps you save for a child's excitement
A document that gives someone the legal authority to make financial and/or medical decisions for someone else is called a
(a)
A credit rating is
the review of a credit card
a number that shows how big a mortgage you have
a number that represents your history of meeting financial commitments
a reccomedndation for what age groups should use certain credit cards
What is the process of combining high interest debts into one lower interest payment called?
(a)
GDP stands for
Gross Domestic Product
Great Deals Provided
Great Domestic Push
Grandma Dances with her Pets
The Toronto Stock Market is called what?
(a)
What is the term for the payments a company pays its shareholders that is a portion of the company's profits
Dividend
Personal Gain
stock profit
Denominator
Check all answers that are true of a Mutual Fund?
it is a moderate risk investment
it is a high risk investment
it's run by a professional Fund Manager
many people pool their money to buy a portfolio of stocks, bonds and other investments
What is the term that means 'the price of goods and services (in general) increase over time'
(a)
Your income after taxes and deductions are removed is called what?
(a)
A collection of financial assets (ex. stocks, bonds, mutual funds) is called:
a portfolio
an investment basket
an investment account
a GDP
What is the term that means' the price of a particular asset increases over time'
(a)
The term that means' a loan to a government or corporation for a set interest rate for a set time'?
Mutual Fund
Stock
Bond
GIC
Your car decreases in value over time. What is this an example of?
inflation
deflation
appreciation
depreciation
What is the term that means 'the value of your assets minus the value of your liabilities'?
Personal Worth
Your Balance
Net Worth
Net Pay
What is the term that represents 'partial ownership of a company'?
(a)
