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Chp 10 Flashcards

0
Q

Money must have

A

Portability
Divisibility
Durability
Stability

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1
Q

The most influential women in media

A

Suze Orman

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2
Q

Can be carried anywhere

A

Portability

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3
Q

Breaks up

A

Divisibility

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4
Q

Value of money depends on

A

Supply

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5
Q

Available

A

Liquid money

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6
Q

Timed deposit

A

CD-Certified Deposit

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7
Q

Is on a subpratic of stability

A

Money

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8
Q

Not available

A

Non-Liquid money

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9
Q

Most liquid money

A

M1

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10
Q

Money that is quickly convertible committing to locking your money within a term and getting it back when term is over

A

M2+M1

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11
Q

Money market mutual funds

Puts money in safe investments

A

M2+M1

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12
Q

Least liquid like bonds

A

M3+ M2+ Less Liquid Deposits

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13
Q

Plastic money is

A

Credit cards

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14
Q

Are NOT money and are not included in M1, M2 or M3 when measuring the motions money supply

A

Credit cards

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15
Q

Gonna hold onto your money for a fixed period of time (a investment)

A

CD

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16
Q

Buying a company, cities or states debt lending money in order to cover debt

A

Bond

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17
Q

Step one is

A

Open a checking and savings account

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18
Q

Chase is example of a

A

Commercial Bank

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19
Q

Lends your money (invests)

The invests in stocks, bonds and private equity

A

Commercial Bank

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20
Q

ONLY does mortgages and financing boats

A

Savings and Loan Associations

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21
Q

Instead of paying interest they disrupt money across dividends

A

Co-op banking

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22
Q

The more money you give to the bank the more money your gonna get back
Co-op banking

A

Mutual Savings Bank

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23
Q

Shareholders that make dividends

A

Mutual Savings Bank

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24
Members are OWNERS
Credit Unions
25
A nonprofit institution owned and run by its members
Credit Unions
26
Preserves confidence in the financial system by supervising banks and insuring deposits in banks and thrift institutions
Federal Deposit Insurance Corporation-FDIC
27
Money sitting in your banking account is insured
FDIC
28
Step two
Manage your credit score
29
Invented the credit score
Fair Isaac Company-FICO
30
Impacts your ability to get a mortgage business loan, personal loan, car loan and JOB
FICO
31
Jobs or companies are gonna judge you on your score if
You don't keep your credit score
32
Knows your FICO score
Credit reports
33
Credit reports to go to is
Trans Union EQUIFAX Experian
34
What is credit report to no go to?
Freecreditreport.com because offers protection that isn't needed
35
Step 3
Get a credit card
36
If you don't qualify for a credit card what do you get?
A secured credit card
37
Manage debt to
Credit limit ratio
38
Don't max out
The available amount
39
NEVER_____a credit card
Close
40
Why don't you not wanna not close a credit card?
Cause once you pay the credit off it it increases credit score
41
Step 4
Set upon E (emergency) fund
42
First investment is
Emergency fund
43
Savings goal for emergency fund should be
$16,000 for college kid
44
Step 5
Retirement
45
What is your second investment?
Retirement
46
Pension fund that is transportable from employer to employer
401K
47
Comes from my company for 35 years then will pay for the rest of my life is exp of
Pension
48
When you can double money by doing this up to a certain percent
Employer match
49
Invested in mutual funds
Pre-tax investing
50
Your employer can direct deposit money
Individual Retirement Accounts (IRAS)
51
Tax-deferred pension fund Wage earners supplement other retirement funds
Individual retirement account
52
Step 6
Wealth Management through continual diversification and timing
53
Your third investment
Non-retirement investments
54
Is equity
Stocks
55
How do you buy stock?
The broker will buy what is on your behalf
56
Are buying debt
Bonds
57
A whole bunch of investors who spread money over all different stocks and bonds
Mutual Funds
58
What's so good about mutual funds?
It's diversifying | Your diversifying and timing
59
A short term low risk financial securities purchased with the assets of investor owners
Money market mutual funds
60
More equites and less fixed income securities
Moderately portfolio
61
Less equities and more fixed income securities
Conservative portfolio
62
5 to 15 percent cash
Conservative portfolio
63
5 to 10 percent cash
Moderately aggressive portfolio

Business Principles (10 decks)

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