All of the assets you own are referred to as your:
a. savings
b. indices
c. brokerage account
d. investment portfolio
prior to investing, you should
a. do no planning.
b. create a financial statement.
c. get an advisor.
d. create a negative net worth.
it is recommended that you create a budget for each:
a. month
b. day
c. week
d. year
financial institutions came under greater federal regulation because of
a. world war ii.
b. the federal reserve act.
c. the great depression.
d. the securities exchange act.
the purchase of one cup of coffee a day
a. is worth the cost.
b. is not financially significant.
c. takes money away from potential savings.
d. is a good financial investment.
real estate is a good investment.
a. short-term
b. long-term
c. no risk
d. debt-free
most people achieve financial security through
a. saving and investing.
b. inheritance.
c. a successful business that they own.
d. working at a job or series of jobs.
investments in securities or mutual funds are not as secure as saving accounts because
a. they are higher risk.
b. you could lose the money you've invested.
c. savings accounts are insured by the fdic.
d. you can't purchase them from banks.
an example of a short-term financial goal is
a. starting a business.
b. the education of one's children.
c. saving for retirement.
d. a car purchase.
a method of saving that allows easy access to the money at low risk in case of emergency is
a. a 401(k) account.
b. home equity.
c. a savings account.
d. stock purchases.