r.i.p my grades Word Scramble
D I F C
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| Question | Answer |
| A federally sponsored corporation which insures accounts in national banks and other qualified institutions up to $100,000 is called the | fdic |
| A is a living space that is the same as a condo, but when you buy it you become a part owner of the building. | co-op |
| The three types of investment accounts are | taxable, tax-deferred, and tax-exempt. |
| An may be a percentage of the loan or it may be a flat fee | application fee |
| FDIC stands for | Federal Deposit Insurance Corporation |
| investments are in companies and governments who are well established, pay dividends and are known for their consistent growth. investments are generally in companies who have room for growth. | limited risk |
| The actual amount of money you borrowed from the lender for your purchase is called the | principle |
| A is a company which experiences growth and its stock value increases where the investor can make money when he decides to sell the stock. | growth stock |
| Corporations have , just like individuals. | credit rating |
| investments are generally in companies who have room for growth. | moderate risk |
| How much a person makes relative to how much they are obligated for is called | debt-to-income ratio |
| What are the 3 basic fees you pay when you take out a loan? | 1. application fee 2. attorney fee 3. credit history fee |
| 1. normally pay a higher rate of interest than a passbook or statement savings account. | Money Market Account |
| is an asset, usually what is being purchased, which the bank owns the rights to until the loan is paid in full | Collateral |
| There are main criteria credit bureaus use to determine your credit rating or score. | 5 |
| The main advantage of a mutual fund is | diversifaction |
| An investor owns 10 shares of Fedex Company stock and its shares are trading at $54 per share. The company does a stock split of 6:1. How many shares will the investor now own? What will be the price per share? | 10 x 6 = 60 shares $54 / 6 = $9 |
| You purchased 300 shares of XYZ stock for $250 per share in January. In December, you sell it for $275 per share. How much will you earn or lose on this investment? | 300 x $250 = $75,000 82,500 - 75,000 = 7,500 300 x $275 = $82,500 |
| A is basically an apartment which you buy. | condo |
| An is when the company makes a profit and then pays its investors a dividend based on that profit. | income stock |
| Individuals are allowed to get a copy of their own credit report for free from these credit bureaus how many times a year? | once |
| What type of loan do you put up collateral for? | secured loan |
| When buying a housing you are responsible for | mortgage payment, insurance, taxes, maintenance, and repairs. |
| stocks sell for more than dollars per share and are usually stocks of a well established company that has predictable income with slow, but steady growth. | blue-chip, five, stable |
| The two major components which make up your credit history are | consumer credit information and public records. |
| is another term for how much return the fund has earned in the past. | performance |
| A means the interest rate set at the time you take out the loan will be the interest rate you pay throughout the entire term of the loan | fixed rate |
| You purchased 900 shares of Apple stock for $150 per share in March. In June, you sell it for $115 per share. How much will you earn or lose on this investment? | 900 x $150 = 135,000 103,500 - 135,000 = -31,500 900 x $115 = 103,500 |
| What are three basic types of housing? | 1.condo 2.co-op 3.single family |
| You can only make a deposit when you open a | cd |
| What are the 3 major stock markets reported here in the US? | 1.NASDAQ 2.Dow Jones 3.S & P 500 |
| The 3 national credit bureaus are | Equifax, Experian, and Transunion |
| What are four basic types of risk categories in investing? | 1. Low Risk 2. Limited Risk 3. Moderate Risk 4. High Risk |
| An may change during the term of the loan. | adjustable rate |
| An investor owns 550 shares of ABC Company stock and its shares are trading at $90 per share. The company does a stock split of 3:1. How many shares will the investor now own? What will be the price per share? | 550 x 3 = 1650 shares $90 / 3 = $30 |
| represent a loan which is being made to a corporation or government entity by a group of investors. | bonds |
| When you buy a house you will make a down payment that is to percent of the purchase price. | 5,20 |
| The is the length of time the loan is set up for you to pay it back. | term |
| In December of this year, you will be paid $1,000 per share you own of ABC stock. You own 2,500 shares and you do not plan on selling these shares at this time. How much will you earn in dividends on this investment? | $1,000 x 2,500 = $2,500,000 |
| What are the five criteria for determining your credit rating? | 1. payment history 2. total amount owed 3. length of credit history 4. how much credit 5. what types of credit |
| An investor owns 50 shares of Ford Company stock and its shares are trading at $30 per share. After a stock split, the investor owns 150 shares and the shares are trading at $10 per share. What was the stock split? | 50 x ? = 150 shares Answer: 3:1 ratio |
| A is what you make or earn on an investment. | return |
| An investor owns 150 shares of Banana Republic Company stock and its shares are trading at $50 per share. After a stock split, the investor owns 300 shares and the shares are trading at $25 per share. What was the stock split? | 150 x ? = 300 shares Answer: 2:1 ratio |
| are normally used for various types of big ticket purchases individuals routinely make. | Personal Loans |
| investments provide a guaranteed return or principal to the investor in addition to interest earned during the investment period. | low risk |
| There are three areas you must consider when choosing an investment. They are: | Liquidity, risk and return. |
| pay a specified amount of interest on a regular basis to the | bonds, bond holders |
| are named as such because they usually hold their value better during downturns in the economy and the capital markets. | defensive stock |
| is the level of likelihood you may earn or lose the money you invest. | risk |
| are a portion of a corporation’s assets paid to stockholders on a per share basis. | dividends |
| You can deposit money into a account at any time. | personal savings and money market |
| investments are generally on speculative investments, such as futures, brand new companies and high-yield bonds. | high risk |
| In August of this year, you will be paid $10 per share you own of ABC stock. You own 750 shares and you do not plan on selling these shares at this time. How much will you earn in dividends on this investment? | $10 x 750 = $7,500 |
| Checking accounts and savings accounts are insured by the | fdic |
Created by:
joshdun
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