Personal Finance final review

Front

What is the investment that has the highest risk yet the highest potential for returns? Options: Stocks, Savings Account, Checking account, Bonds

Back

Stocks

Front

Rent, car payment, and student loans all represent

Back

Fixed costs.

Front

Groceries, gas, and charitable giving all represent

Back

Variable costs.

Front

If Emma and Ja'qwan had an unforeseen expense, what could they NOT cut back on?

Back

Monthly Rent

Front

What type of insurance would you buy to make sure your family is financially stable if you were to die?

Back

Life insurance

Front

What type of insurance would you buy to make sure you will receive payments in case you are injured?

Back

Disability insurance

Front

They are FDIC insured.

Back

Bank

Front

They generally have the lowest interest rates on loans.

Back

Credit Union

Front

They offer loans in exchange for a portion of your paycheck.

Back

Payday Lender

Front

They offer loans in exchange for collateral.

Back

Title Pawn Lender