Unit 2 JA Finance Flashcard

Front

When it comes to personal savings, What does the acronym PYF stand for?

Back

Pay yourself first

Front

What is one pro about owning a health insurance policy?

Back

It allows you to get regular medical health care.

Front

Protection against risk is the primary reason people purchase this type of policy.

Back

All of the above

Front

is the fee received for the use of money.

Back

Interest

Front

This type of investment is essentially an IOU with a set rate of return.

Back

Bonds

Front

What are 2 long term savings options?

Back

401(k) and Stocks

Front

What are 2 cons of owning a health insurance policy?

Back

It is expensive and co-payments usually apply.

Front

True or false, a large investment usually means an investment period of one to three months.

Back

False

Front

Stocks insured against loss by most banks and credit unions?

Back

False

Front

By automatically reinvesting dividends, you are buying additional shares and increasing your investments. True or False

Back

True