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Personal Finance
Question | Answer |
---|---|
What is more important: an application or a resume and why? | An application because you sign it, making it a legally binding document. |
What are the two forms of sexual harassment? | Quid pro quo and Hostile Work environment |
What does VIN stand for? | Vehicle Identification number |
What does EFT stand for? | Electronic funds transfer |
What does ATM stand for | Automated teller machine |
What is an asset? | Anything you own of value |
What are the three values of a vehicle? | Private, trade in, and Retail |
What are the four types of property sold by real estate agents? | Land, residential, Commercial and recreational |
How are real estate agents paid? | Commission |
What is the principal of a loan? | The amount borrowed |
What are the two types of home insurance and which is better? | Actual cash value and full replacement: full replacement is better. |
What is a CD? | Certificate of deposit |
FTC | Federal Trade Commission |
what is it called when someone looks over your shoulder to see your pin? | Shoulder surfing |
What is it called when someone sends you emails asking for your personal information so they can steal your identity? | phishing |
What is the investment with the highest rate of return? | Stock market |
What is a stock? | Partial ownership in a company |
What is a commodity? | Something sold in bulk |
What was the first electronic stock market? | NASDAQ |
The greater the risk the greater the... | rate of return or loss |
What are all of your investments combined called? | Investment portfolio |
What are the three types of bonds? | Municipal, Government, or corporate |
What are three three types of auto insurance? | Liability, Collision, and comprehensive. |
What is the most expensive form of auto insurance? | Collision |
At what age will you get a decrease in your auto insurance? | 25 |
What are indexes? | They show how the stock market is doing |
What is one index? | S&P 500 or DOW |
What are the two types of IRAs? | Traditional and Roth |
What are the three types of mutual funds? | Growth, Growth and Income and income |
What are the two types of stocks? | common and preferred |
What is the difference between stocks and bonds? | stocks you own, bonds you loan |
What is sole proprietorship? | A business owned by one person |
What is a partnership? | a business owned by two or more people |
What is a corporation? | A separate entity or being |