History Checkpoint
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Name: Mame Viers Date: 2/22/18Graded AssignmentSection 4 Study QuestionsInstructionsSave the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinsons study questions for Section 1 would be named Study1JRobinson.Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions.AssignmentTotal score: ____ of 12.0 pointsAnswer each question fully. Complete sentences are not necessary.Lesson 1(Score for Question 1: ___ of 0.5 points)What is a money market account?Answer: A type of saving account that usually earns a higher interest than basic savings. Minimum deposit and and balance for MMAs is usually higher than basic savings Type your answer here.(Score for Question 2: ___ of 0.5 points)What is a liquidation policy?Answer: Tells when and how someone is able to remove their money form an account. Type your answer here.(Score for Question 3: ___ of 0.5 points)What is simple interest?Answer: Interest that is calculated on the principle or original amount of a loan or deposit. Type your answer here.(Score for Question 4: ___ of 0.5 points)What is compound interest?Answer: It is calculated on the principle amount and also on accumulated interest of previous periods. Type your answer here.(Score for Question 5: ___ of 0.5 points)What is the time value of money?Answer: The idea that money available presently is worth more than the same amount in the future because of its potential to earn interest. Type your answer here.(Score for Question 6: ___ of 0.5 points)
Name a strategy for saving money.Answer: Set up an automatic savings planType your answer here.Lesson 2(Score for Question 1: ___ of 0.5 points)What is investing?Answer: Investing is committing money or resources in the expectation of some future payoffType your answer here.(Score for Question 2: ___ of 0.5 points)What is financial risk?Answer: The risk/possibility that you might lose money Type your answer here.(Score for Question 3: ___ of 0.5 points)What is diversification?Answer: Spreading out your assets among different types of investments Type your answer here.(Score for Question 4: ___ of 0.5 points)What is risk tolerance?Answer: The amount of ups and downs an investor is willing to tolerate Type your answer here.(Score for Question 5: ___ of 0.5 points)What are debt investments?Answer: An investment such as a bond that specifies payments to the investor. Debt investments are a loan made by an investor Type your answer here.(Score for Question 6: ___ of 0.5 points)What are equity investments?Answer: Investments like stock or real estate that come with a claim on assets for the investor Type your answer here.Lesson 3(Score for Question 1: ___ of 0.5 points)What are stocks?Answer: stocks are a share in a company