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Personal Finance Chapter 4

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

The reason to invest is to make more money for something like _____________________________.

a)

planning for retirement

b)

next month's vacation

c)

a new car

d)

opening a business in the next 6 months

2.

All a thief needs is some of your ___________ information.

a)

personal

b)

driver's license

c)

employee

d)

family's

3.

____________ is the equivalent of building your shelter or fortress in a game.

a)

insurance

b)

mutual funds

c)

money market accounts

d)

bonds

4.

When you ___________, it can be worth more in the future.

a)

leave your money in the bank

b)

hide your money in the mattress

c)

invest your money

d)

take your money out of your investments

5.

Saving is for the ___________.

a)

short term

b)

long term

6.

The most important thing to do- online and everywhere- is to ___________ what you're doing.

a)

stop and give up on

b)

use no caution and press forward

c)

stop and think about

d)

think very little about

7.

__________ are investments owned by a group of investors.

a)

401(k)s

b)

mutual funds

c)

bonds

d)

money market accounts

8.

___________ represent ownership in a company.

a)

mutual funds

b)

certificates of deposits

c)

Roth IRAs

d)

stocks

9.

A ____________ is the part you pay before the insurance company pays their part.

a)

premium

b)

deductible

c)

commission fee

d)

bi-weekly bill

10.

Because of inflation, your money can be worth ____________ in the future.

a)

less

b)

much more

c)

an appropriate amount

d)

nothing

11.

A loan of money to a business or government that is paid back with interest over time.

a)

CD

b)

fraud

c)

inflation

d)

bonds

12.

a saving certificate with a fixed saving period and fixed interest rate

a)

insurance

b)

CD (certificate of deposit)

c)

bonds

d)

stock

13.

the amount you must pay before you receive any benefits from your insurance coverage

a)

bonds

b)

fraud

c)

deductible

d)

premium

14.

wrongful or criminal deception for financial gain

a)

bonds

b)

security

c)

fraud

d)

identity theft

15.

the illegal use of someone's personal information to purchase items or receive benefits

a)

identity theft

b)

illegal activity

c)

bad stuff

d)

fraud

16.

the rate at which the prices for goods and services rise

a)

inflation

b)

insurance

c)

identity

d)

deductible

17.

an agreement in which a policyholder transfers the risk for potential financial losses to another party in exchange for a fee

a)

mutual fund

b)

stock

c)

insurance

d)

premium

18.

a financial profesional who manages investments and has been trained and licensed to do so

a)

actuary

b)

accountant

c)

software engineer

d)

investment advisor

19.

a policy that protects an individual in the event of a lawsuit due to injury as the result of an accident

a)

personal policy

b)

liability insurance

c)

life insurance

d)

health insurance

20.

a collection of stocks, bonds, and other investments owned by a group of investors who put their money together

a)

basket of eggs

b)

mutual fund

c)

stocks

d)

bonds

21.

the amount that is paid monthly, quarterly, semi-annually, or annually to purchase insurance coverage

a)

investment

b)

premium

c)

policy balance

d)

deductible

22.

investments that represent small pieces of ownership in a company

a)

mutual funds

b)

bonds

c)

certificates of deposit (CDs)

d)

stocks

23.

the potential impact of inflation and interest on money

a)

cost value of money

b)

time value of money

c)

time value of stocks

d)

cost value of stocks