1. Financial Literacy Final Exam Review

2. Who pays for health insurance under Obama’s plan?

3. Define inflation

4. Define milestones

5. What is an actuary?

6. Goals include wants, needs, values and emotions

7. SMART stands for

8. What are the four C’s of credit?

9. What does an insurance agent do?

10. What are the best places to borrow money from college

11. Define diversification and explain what a diversified investment looks like

12. What does a stock broker do?

13. Give an example of a high risk investment

14. Give an example of a growth investment

15. Give an example of an income investment

16. What is a market index and name two indexes

17. What is a dividend?

18. Define dependent

19. Define wealth building asset

20. Assets – Liabilities = ??

21. Give an example of a low-risk investment

22. What is the purpose of a co-signer of a loan?

23. What is a ticker symbol?

24. What does a Beta number measure?

25. Explain what happens in a stock split

26. When reading a stock quote table, what does the close represent?

27. What is a stock market exchange? Give three examples

28. What is a mutual fund?

29. What does cyclical stocks mean?

30. What does insurance protect?

31. What is an insurance premium?

32. What is an insurance deductible?

33. Who does redlining discriminate against?

34. What effects the price of car insurance?

35. What does comprehensive car insurance cover?

36. What does Gap insurance cover?

37. What does renters insurance cover?

38. Describe how term life insurance work?

39. Define empathy

40. Explain different types of Health insurance and coverages

41. Define and give examples of expenses

42. A retirement plan sponsored by employers and allows workers to defer income tax is called

43. Goal length: Short term goal = ___ Mid term goal = ___ Long term goal = ___

44. A government sponsored plan that pays retirement benefits based on a worker’s earnings is called

45. What is a living will?

46. What does a power of attorney provide?

47. Define liquidity

48. Who determines the beneficiary of an insurance policy?

49. What is the main purpose of a financial planner?