Financial Literacy

Final Exam Review

Who pays for health insurance under Obama’s plan?

Define inflation

Define milestones

What is an actuary?

Goals include wants, needs, values and emotions

SMART stands for

What are the four C’s of credit?

What does an insurance agent do?

What are the best places to borrow money from college

Define diversification and explain what a diversified investment looks

like

What does a stock broker do?

Give an example of a high risk investment

Give an example of a growth investment

Give an example of an income investment

What is a market index and name two indexes

What is a dividend?

Define dependent

Define wealth building asset

Assets – Liabilities = ??

Give an example of a low-risk investment

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

What is a ticker symbol?

What does a Beta number measure?

Explain what happens in a stock split

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

What is a stock market exchange? Give three examples

What is a mutual fund?

What does cyclical stocks mean?

What does insurance protect?

What is an insurance premium?

What is an insurance deductible?

Who does redlining discriminate against?

What effects the price of car insurance?

What does comprehensive car insurance cover?

What does Gap insurance cover?

What does renters insurance cover?

Describe how term life insurance work?

Define empathy

Explain different types of Health insurance and coverages

Define and give examples of expenses

A retirement plan sponsored by employers and allows workers to

defer income tax is called

Goal length:Short term goal = ___Mid term goal = ___Long term goal = ___

A government sponsored plan that pays retirement benefits based on

a worker’s earnings is called

What is a living will?

What does a power of attorney provide?

Define liquidity

Who determines the beneficiary of an insurance policy?

What is the main purpose of a financial planner?