Financial Literacy Flashcard

Front

What is a certificate of debt issued by a corporation or government?

Back

bond

Front

How long should the money in your emergency fund cover?

Back

six months

Front

Interest periods offer more flexibility for depositing and withdrawing money without loss of interest. What type of interest period is being described?

Back

Longer

Front

Which of the following type of valuable goods can be considered an investment? gemstones, collectibles, precious metals, All of the above.

Back

All of the above.

Front

A SMART goal should be ______.

Back

achievable

Front

Which type of investment provides an individual with voting rights and receives dividends when declared by the company?

Back

common stock

Front

Spreading risk by putting money in different types of investments is known as _____

Back

diversification

Front

A payroll savings plan (PSP) is another application of which strategy?

Back

pay yourself first

Front

Which form states the total interest earned during a tax year? Options: Form 1040, Form W-4, Form 1099-INT, Form W-2

Back

Form 1099-INT

Front

In which market do investors purchase securities from other investors rather than from the issuing company?

Back

secondary