Financial Literacy Final Exam Review
Who pays for health insurance under Obama’s plan?
Define inflation
Define milestones
What is an actuary?
Goals include wants, needs, values and emotions
SMART stands for
What are the four C’s of credit?
What does an insurance agent do?
What are the best places to borrow money from college
Define diversification and explain what a diversified investment looks like
What does a stock broker do?
Give an example of a high risk investment
Give an example of a growth investment
Give an example of an income investment
What is a market index and name two indexes
What is a dividend?
Define dependent
Define wealth building asset
Assets – Liabilities = ??
Give an example of a low-risk investment
What is the purpose of a co-signer of a loan?
What is a ticker symbol?
What does a Beta number measure?
Explain what happens in a stock split
When reading a stock quote table, what does the close represent?
What is a stock market exchange? Give three examples
What is a mutual fund?
What does cyclical stocks mean?
What does insurance protect?
What is an insurance premium?
What is an insurance deductible?
Who does redlining discriminate against?
What effects the price of car insurance?
What does comprehensive car insurance cover?
What does Gap insurance cover?
What does renters insurance cover?
Describe how term life insurance work?
Define empathy
Explain different types of Health insurance and coverages
Define and give examples of expenses
A retirement plan sponsored by employers and allows workers to defer income tax is called
Goal length: Short term goal = ___ Mid term goal = ___ Long term goal = ___
A government sponsored plan that pays retirement benefits based on a worker’s earnings is called
What is a living will?
What does a power of attorney provide?
Define liquidity
Who determines the beneficiary of an insurance policy?
What is the main purpose of a financial planner?