Wise Test 1 from Study Grid Name_____Andy Flores___________ Class___________ 1. What investment can pay you a check as a result of the company sharing its profits. ____________Cash dividend_____________________ 2. What investment vehicle is used for diversity instead of just buying one stock? __________Mutrual fund___________________________ 3. Which kind of stock is most interested in making as much interest as possible? ___________Growth stock___________________________ 4. When people want to buy stocks and prices are up, what kind of market is it known as?_____________bull market___________________ 5. What is it called when stock prices are falling and investors want to sell? ______________bear market______________________________ 6. If you want to own part of a company you could buy what? _________share or stock______________________________________________ 7. When you loan a company money in exchange for interest it is known as what? ___________leverage_____________________________ 8. Who regulates the sale of all securities and those selling them? ___________SEC___________________________________________ 9. Where are IPO’s sold (Initial Public Offerings)? _____________Stock exchange_____________________________________________________ 10. What bond can you buy from the government that doubles in value at maturity date? ____Series EE saving bond_________________________________ 11. What is one major thing people do to increase their wealth? _______Invest__________________________________________________ 12. The New York Stock exchange trades shares of stock in which market? _________Secondary market_______________________________________ 13. What is the company who trades in the secondary market completely online? ___Nasdaq_________________________________________ 14. What is the name of people who sell stocks? ______________Stock Trader________________________________________________________ 15. What is the name of companies who sell stocks? __________Brokrage firm__________________________________________________________ 16. What is like a saving account but if you take it out early you are charged a fee? ________early withdraw penelty__________________________ 17. What is the period of time where you can pay a bill late without penalty? _______Grace period________________________________ 18. Who insures deposits in Banks? _________________FDIC_______________________________________________________ 19. What is the best reason to put money in the bank? _________its insured_________________________________________________ 20. What protection ensures your checks are paid but you will still owe money to the bank? _______Overdraft protection_____________________ 21. What is it called when interest makes interest? ____________Compound intrests__________________________________________________ 22. What is called when interest is only calculated once? ________simple interest_________________________________________________ 23. What should you start first to start saving money? ______start a savings account______________________________________________________ 24. What has similar functions as a bank but is not for profit and claim to pay for interest? ____Credit union___________________________ 25. What is the machine called where you can make a withdrawal 24 hours a day? ________ATM______________________________ 26. When your paycheck is sent directly to your bank, what is that called? _______Direct deposit______________________________________ 27. When you tell your bank to stop a transaction for a fee, it is called what? ______Stop payments______________________________________ 28. Who insures credit unions? __________NCCUA_______________________________________________________________________ 29. What is called when you take money out of the bank? _________Withdraw___________________________________________________ 30. What is it called when you put money into the bank? __________Deposit___________________________________________________ 31. What is the cost of a loan? __________interest_____________________________________________ 32. What is your credit score commonly known as? ________Fico Score______________________________ 33. What ranges from 350 to 800? ______Credit score______________________________________________ 34. What kind of company keeps the paper work to your car and charges you a high interest rate for a loan? ___________title loan_____________________________________________________________ 35. What is it called when people use your credit without permission? _____Credit fraud___________________ 36. When something is left behind in exchange for a loan it is known as what? ____corlateral______________ 37. When do you pay for things bought with a credit card? _____________________________________________________________________________ 38. What is the true cost of a loan that includes all of the fees? __________APR_________________________________________________________________ ___ 39. What happens to your credit score if you do not pay your bills on time? ____________________ goes down 40. What is it called when they take your car away for non- payment? ______reposetion__________________ 41. What is it called when they take your house away for non-payment? _______forclose_______________ 42. What is the charge when you do not use a gift card in a timely manner? ___inactivity fee_________________ 43. What should you get while you are younger to help gain a positive credit score? ___credit card__________ 44. When someone tries to get you information over the computer to possibly use it, it is what? ________pishfing________________________________________________________________ ______ 45. If there is a problem with your credit report what should you do? _________contact the bank____________________________________________________________________ Questions: _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________
