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4 years ago

SOME PLEASE HELP ME CHECK MY ANSWERS!!!

2 answers:

7 0

Bonds
IOUs from government - buy a piece of paper from government with promised interest rate - money goes to help government with task or project - most famous ones are for war.

Reserves
what the bank holds on to - does not loan out

Creditworthy
deemed acceptable by bankers - viewed as low risk in borrowing money.

Risk
chance you take that investment will or will not work out; also can be chance you take in anything like possibility of being injured or getting sick.

Claim
when you explain to insurance company about what happened

Premium
Monthly payment to have insurance coverage

Purchasing Power
strength or value of money - affects how much you can buy

Credit
act of or status from borrowing money or taking out loan from financial institution (not from friends or family)

Portfolio
list of investments

Installment Plan
breaking something into multiple payments so that large sum not due at once

Mutual Funds
money pooled or collected from multiple investors to purchase securities or investments

Insurance
coverage for 'what if' - helps split risks among multiple people

Deductible
what must be paid out of pocket before insurance company will cover costs.

Credit Union
non-profit member run financial institution

Interest
percentage charged on top of a loan

Sindrei [870]4 years ago

6 0

Answer: 1.Risk.- chance you take that investment will or will not work out; also can be chance you take in anything like possibility of being injured or getting sick.

2. Reserves .- what the bank holds on to - does not loan out .

3. Credit Union .- non-profit member run financial institution.

4. Bonds.- IOUs from government - buy a piece of paper from government with promised interest rate - money goes to help government with task or project - most famous ones are for war

5- Mutual funds.- money pooled or collected from multiple investors to purchase securities or investments.

6.- Portfolio .- list of investments.

7.- Purchasing Power .- strength or value of money - affects how much you can buy.

8. Credit.- act of or status from borrowing money or taking out loan from financial institution (not from friends or family).

9.- Creditworthy.- deemed acceptable by bankers - viewed as low risk in borrowing money .

10. Installment Plan.- breaking something into multiple payments so that large sum not due at once

11. Interest.- percentage charged on top of a loan.

12. Insurance.- coverage for 'what if' - helps split risks among multiple people

13. Deductible .- what must be paid out of pocket before insurance company will cover costs.

14. Claim .- when you explain to insurance company about what happened.

15. Premium .- Monthly payment to have insurance coverage.

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