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16 Cards in this Set
- Front
- Back
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What pays the highest interest, tough has the greater financial risk?
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Stocks
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What is the other name for discount bond?
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US savings bond
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What is important in considering a financial institution in which to place your savings?
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Liquidity, when its compounded, when its taxed
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What is the the date upon which a time certificate must be renewed or canceled and a new one purchased?
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Maturity
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What is a main advantage of Mutual Funds and Investment Clubs?
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Diversification
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What term identifies livestock, crops, and ferrous or non-ferrous metals traded in the stock exchanges?
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Commodities
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What is it called when interest is paid on interest earned?
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Compounded Interest
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Early withdrawal of a time certificate fund usually results in:
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Loss of interest
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What can be done if a savings bond is lost, stolen or destroyed?
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They are replased
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IRA accounts are available only at savings and loans or banks.
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False
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Municipal Bonds
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City loans approved by voters
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One of the most important reasons for saving and inverting is to provide a hedge(protection) upon what economic condition?
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inflation
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The interest on the money that is charged to a borrower for the use of credit is called:
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Finance charge
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The amount of funds borrowed is called:
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Prinicple
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Property you own that is worth more than your debts is called:
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equity
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What information may not be obtained through public records?
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Medical records
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