NEW
Font size
WorksheetsTrial
Total questions: 13
Worksheet time: 7mins
What is your COURSE?
Financial Management
NON- FM (HR / MM/ ENTREP)
What is saving?
Accumulation of excess funds by intentionally spending less than you make
Cash set aside to cover the cost of unexpected events
A monetary asset that contributes to your net worth
Money available today that is worth more if received in the future
What is emergency savings?
Transferring money into your savings before you pay your bills
Original amount of money saved or invested
Cash set aside to cover the cost of unexpected events
Maximizing your return by selling stocks at a higher price than what you paid for
How much money should you save for emergencies?
2 months worth of expenses
6 months worth of expenses
Cash in whatever stocks you have to pay for an emergency
As a neighbor for a loan if needed
How does time effect money?
The more money you save the more you will make
Saving for a short period of time proves long term investments
The longer you save your money the more you will make
What is investing?
Possibility that an investment will fail to pay the expected return
Money invested is usually used to pay for long-term goals
Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss
The danger that money won’t be worth as much in the future as it is today.
Stocks are:
A share of ownership in a company
Organization pays interest to the lender
Form of lending to a company or the government
A specified time in the future when the principal amount of the bond is repaid to the bondholder
What is a bond?
A share of profits distributed in cash to stockholders
A share of ownership in a company
When an organization pays interest to the lender (purchaser) until the maturity date is reached
A Form of lending to a company or the government
Money invested is usually used to pay to:
Achieve long-term goals
For emergencies
To purchase expensive items
To pay off loans
What is a check?
An automated teller machine
A plastic card that requires a pin number and is attached to your bank account
A form of savings
Pre-printed form of payment that is attached to you bank account
Socio-Economic Status?
LOW
MODERATE
HIGH
