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Pers Fin ch 11
| Question | Answer |
|---|---|
| The use of your savings to earn a financial return is called ____________? | Personal investing |
| What is the overall objective of investing? | earning money with money |
| Some reasons for investing are ____________, to supplement earned _________, make a _________, minimize _____ burdens, provide income for ____________, stay ahead of ___________. | emergencies, income, profit, tax, retirement, inflation |
| A rise in the general level of prices is called __________. | inflation |
| What are the six wise investment practices? | define your financial goal, go slowly, follow through, keep good records, seek good investment advice, keep investment knowledge current |
| What is partial ownership of a corporation called? | stocks |
| What are debt obligations? | bonds |
| What is it called if you buy shares in a large, professionally managed company who invests in many different securities? | Mutual funds |
| What is a security? | Stock |
| What are houses and land examples of? | Real Estate |