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Business Principles > Chp 10 > Flashcards

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
Q

Members are OWNERS

A

Credit Unions

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25
Q

A nonprofit institution owned and run by its members

A

Credit Unions

26
Q

Preserves confidence in the financial system by supervising banks and insuring deposits in banks and thrift institutions

A

Federal Deposit Insurance Corporation-FDIC

27
Q

Money sitting in your banking account is insured

A

FDIC

28
Q

Step two

A

Manage your credit score

29
Q

Invented the credit score

A

Fair Isaac Company-FICO

30
Q

Impacts your ability to get a mortgage business loan, personal loan, car loan and JOB

A

FICO

31
Q

Jobs or companies are gonna judge you on your score if

A

You don’t keep your credit score

32
Q

Knows your FICO score

A

Credit reports

33
Q

Credit reports to go to is

A

Trans Union
EQUIFAX
Experian

34
Q

What is credit report to no go to?

A

Freecreditreport.com because offers protection that isn’t needed

35
Q

Step 3

A

Get a credit card

36
Q

If you don’t qualify for a credit card what do you get?

A

A secured credit card

37
Q

Manage debt to

A

Credit limit ratio

38
Q

Don’t max out

A

The available amount

39
Q

NEVER_____a credit card

A

Close

40
Q

Why don’t you not wanna not close a credit card?

A

Cause once you pay the credit off it it increases credit score

41
Q

Step 4

A

Set upon E (emergency) fund

42
Q

First investment is

A

Emergency fund

43
Q

Savings goal for emergency fund should be

A

$16,000 for college kid

44
Q

Step 5

A

Retirement

45
Q

What is your second investment?

A

Retirement

46
Q

Pension fund that is transportable from employer to employer

A

401K

47
Q

Comes from my company for 35 years then will pay for the rest of my life is exp of

A

Pension

48
Q

When you can double money by doing this up to a certain percent

A

Employer match

49
Q

Invested in mutual funds

A

Pre-tax investing

50
Q

Your employer can direct deposit money

A

Individual Retirement Accounts (IRAS)

51
Q

Tax-deferred pension fund Wage earners supplement other retirement funds

A

Individual retirement account

52
Q

Step 6

A

Wealth Management through continual diversification and timing

53
Q

Your third investment

A

Non-retirement investments

54
Q

Is equity

A

Stocks

55
Q

How do you buy stock?

A

The broker will buy what is on your behalf

56
Q

Are buying debt

A

Bonds

57
Q

A whole bunch of investors who spread money over all different stocks and bonds

A

Mutual Funds

58
Q

What’s so good about mutual funds?

A

It’s diversifying

Your diversifying and timing

59
Q

A short term low risk financial securities purchased with the assets of investor owners

A

Money market mutual funds

60
Q

More equites and less fixed income securities

A

Moderately portfolio

61
Q

Less equities and more fixed income securities

A

Conservative portfolio

62
Q

5 to 15 percent cash

A

Conservative portfolio

63
Q

5 to 10 percent cash

A

Moderately aggressive portfolio

Business Principles (10 decks)

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