Savings and Risk Management Quiz

This is an IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.

• Bond

• Opportunity Cost

• Interest

• Invest

This is a business that provides money related services

• Financial Institution

• Interest

• Risk

• Saving Account

This is when a person commits money to gain a profit or earn interest

• Invest

• Financial Institution

• Opportunity Cost

This is the next best alternative given up when making a financial choice

• Opportunity Cost

• Pay Yourself First (PYF)

• Risk

• Principal

This is the possibility of financial loss or physical harm

• Risk

• Saving Account

• Stock

• Principal

This is a share of a coporation sold to the public

• stock

• mutual fund

• risk

• savings account

This is the money paid out of pocket before insurance covers the remaining cost

• Deductible/co-pay

• Premium

• Stocks

• Saving Account

This is the contract that outlines coverage plans and protects a person against financial loss or damage

• Premium

• Insurance Policy

• Risk

• Co-pay/Deductible

This is the amount paid for an insurance policy

• Premium

• Mutual Fund

• Risk

This is when you have automatically save a specified amount from a paycheck for future use.

• Pay Yourself First (PYF)

• Principal

• Savings Account

• Stock