1. A ________ is an investment company that sells shares to investors and then invests the pool of funds in stocks, bonds, or other assets.
2. The “Four Ps” to consider in choosing a financial institution include product, price, people, and
3. A certificate of deposit is a type of savings account that pays
4. Which of the following types of accounts is not insured for $250,000 by the Federal Deposit Insurance Corporation (FDIC)
5. Simone spent an average of $500 each month on groceries last year for herself and her family. She is now forecasting the family budget for next year. She read that an inflation rate of 5% is expected. How much should Simone budget for the monthly food expense next year?
6. You are comparing a one-year CD and a five-year CD offered by the same bank. Assuming all the other terms are equivalent, which one will give you the higher rate of interest
7. If your projected net cash flow is negative, which of the following should you do first
8. A money market mutual fund is a mutual fund that invests in
9. Setting up automatic bill payment whenever possible will help ensure that
10. Which of the following is (are) good reasons for tracking budget variances
11. A budget variance occurs when your actual expenses are ______ than your budgeted expenses
12. The process of adjusting income, expenses, and savings in order that more is not spent than is earned is known as ________ a budget