Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
30 Cards in this Set
- Front
- Back
|
Evaluating risk |
Every decision involves uncertainty, which is referred to as |
|
|
The time value of money refers to |
Increased in an amount of money as a result of interest earned |
|
|
Personal balance sheet and cash flow statement |
Which of the following are 2 personal financial statements that you create yourself? |
|
|
Investment |
Brokerage statements are an example of a(n) ___ record |
|
|
1099 |
At the end of the year, Yvonne received a form from her bank that reported income from her savings. That form is called a |
|
|
Revenue bond |
A bond that is repaid from the income generated by the project it is designed to finance is called a(n) |
|
|
General obligation |
A bond backed by a full faith, credit, and unlimited taxing power of the government that issued it is called a ___ bond |
|
|
Municipal bond |
A debt security issued by a state or local government is known as a |
|
|
Open-end fund |
Whose shares are issued and redeemed by the investment company at the request of investors? |
|
|
Prospectus |
Sally wants to invest in a mutual fund. The mutual fund must provide a(n) ___ to her as a potential investor. |
|
|
Profit-sharing plan |
An employer's contribution will vary according to the company's profits in a |
|
|
Mortgage payment |
An example of a fixed expense is |
|
|
Mediation |
A process used to settle grievances in a non binding process is called a(n) |
|
|
Variable annuity |
Which of the following allows an individual to receive an amount of income that will change based on the income received from stocks or other investments over a certain period of time, or over his or her life? |
|
|
Non-working spouse method |
(18-youngest child's age)x$10,000 |
|
|
Proxy |
A legal form that requests that stockholders transfer their voting rights to individual(s) is called a |
|
|
Sinking |
A fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue is called a(n) ___ fund |
|
|
Diversification and professional management |
Which of the following are major reasons that investors purchase mutual funds |
|
|
Escrow |
Which of the following is an account used to pay property taxes and homeowner's insurance |
|
|
Domestic tax credit |
Which of the following is NOT a tax credit? |
|
|
Buy-down |
If you have an interest rate subsidy from a home builder or real estate developer, you have a |
|
|
Mortgage |
A corporate bond that is secured by various assets of the issuing firm is called a(n) ___ bond |
|
|
A trust |
A legal agreement that provides for the management and control of assets by one party for the benefit of another is known as |
|
|
Bond Rating Corporation |
Which of the following is NOT a rating agency for bonds? |
|
|
12b-1 |
A fee charged to defray the costs of advertising and marketing a mutual fund is called a ___ fee |
|
|
Debenture |
A bond that is backed only by the reputation of he issuing corporation is called a(n) ___ bond |
|
|
Alimony received |
When calculating federal income taxes, what increases "gross income"? |
|
|
Serial |
Bonds of a single issue that mature in different dates are called ___ bonds |
|
|
Fixed annuity |
Which of the following allows an individual to receive a fixed amount of income over a certain period of time, or over his or her life? |
|
|
Preshopping activities, evaluating alternatives, selection and purchase, postpurchase activities |
The text identified several phases in the research-based buying process. The correct order of the phased is |
