Personal finance
問題一覧
1
Info on a person's credit rating helps lenders in making decisions to help them see if they should lend you money
2
Base rate set by financial institutions to determine the interest rate on mortgages and loans
3
Can be payed at any time
4
Have to go the same 5 year payment
5
The interest rates change meaning that your mortgage will get higher or lower
6
Even if the interest rates change your still going to be paying the same 5 year payment
7
A loan for properties finance
8
Someone who helps you find the best mortgage with the lowest interest
9
Allows you to pay for it but over time
10
Shows the money you have on your credit card, how much you have borrow, owe, spent
11
The amount of money you can spend on the credit card ( changes depending on your credit card)
12
A score given that shows if you paying your debt ( high means you paying your debt in time, middle means your a late payer, and a bad score means you are a default payer)
13
The annual payment that you have to make for certain credit cards you have
14
revolving loans similar to bank accounts that can go into a negative balance
15
You borrow money for personal needs not for companies or businesses
16
Someone who pays their debt late but still pays
17
Someone who never or is unwilling to pay their debt
18
Where you get interest and you don't reinvest
19
You get interest and reinvest
20
You put your money in an account and leave it their for x years
21
Do you do the investment or pay someone to manage the investment
22
account with monthly fees that allow you to get free transactions
23
no monthly fee and you get small amount of interest
24
Grows in value over time
25
Losses value over time
26
The bank are legally allowed to take over your property or things that you own
27
How much money you have to pay for mortgages/ loans or the money that you own from interest
28
Good: saving money. Bad: people with debt
29
Good: borrowing money. Bad: saving money
30
Someone who agrees to pay for your debt if you can't or don't
31
Professional management, lots of different options, convenience, liquidity, diversification
32
Saves you time, stress, and makes you money
33
variety of different investments that suit individuals
34
You don't have to be rich to start investing and you can start by little by little
35
Sell and buy with relative ease
36
Different investments that'll suit any individual that they can invest in and grow their assets
37
RRPS. RESP. TFSA.
38
registered retirement savings plan that's tax sheltered so you don't pay for tax and grow your assets ***cant take out the money until you retire
39
Registered education savings plan for saving money for college and university without paying tax ***rhe government gives annual money each year
40
Tax-free savings account
41
1. Your financial goal 2. Risk profile 3. Younger mean more time for investment 4. Older mean you are safer 5. Assets Allocation (what type of investment) RULE OF 100: 30 mean 70%, 40 means 60% 6. Choose your individual investment 7. Review your risk profile, assets allocation, and investment every few years
42
The rise in price over time caused by interest rates
43
(1/5%) Guaranteed investments certificate where the government or company borrows money and says that they'll pay you back after x years with interest ***your money is locked in until that x years
44
(1/5%) High interest ravings account where it's the same with GIC but your moneybisnt locked in so you can spend it
45
(6%) when you lend companies or governments money and they promise to pay you back in x years and pay you with interest every year
46
(5/7%) you own a house and live in it without paying for rent and could sent out your basement
47
(low interest in better than high interest) Real estate income trust where you buy and rent out properties
48
(7, 8%) shares of a company listed on a stock market for people to buy
49
Where stocks and bonds are grouped in a single investment
50
Exchange traded fund that lets you buy a large pool of individuals stock and bonds
51
Mutual fund that keeps all stock in a particular market
52
Raw materials like gold, gas, oil
53
Digital alternative form of currency that's not regulated by any central bank
54
Where you give a chunk of your money and get a guaranteed payment every year until you die
55
Where the stocks are traded
56
Mix of stocks
57
Mix of bonds
58
Invest in GIC
59
Mix of stocks and bonds
60
Any ground profile material
61
management expense ratio
62
App/ Au that invest your money automaticly based on your goals, age, and risk tolerance for free. (0.7% MER)
63
one ETF that invests in 4 different funds (bonds, stocks, us stocks, int stocks)
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64問 • 2年前問題一覧
1
Info on a person's credit rating helps lenders in making decisions to help them see if they should lend you money
2
Base rate set by financial institutions to determine the interest rate on mortgages and loans
3
Can be payed at any time
4
Have to go the same 5 year payment
5
The interest rates change meaning that your mortgage will get higher or lower
6
Even if the interest rates change your still going to be paying the same 5 year payment
7
A loan for properties finance
8
Someone who helps you find the best mortgage with the lowest interest
9
Allows you to pay for it but over time
10
Shows the money you have on your credit card, how much you have borrow, owe, spent
11
The amount of money you can spend on the credit card ( changes depending on your credit card)
12
A score given that shows if you paying your debt ( high means you paying your debt in time, middle means your a late payer, and a bad score means you are a default payer)
13
The annual payment that you have to make for certain credit cards you have
14
revolving loans similar to bank accounts that can go into a negative balance
15
You borrow money for personal needs not for companies or businesses
16
Someone who pays their debt late but still pays
17
Someone who never or is unwilling to pay their debt
18
Where you get interest and you don't reinvest
19
You get interest and reinvest
20
You put your money in an account and leave it their for x years
21
Do you do the investment or pay someone to manage the investment
22
account with monthly fees that allow you to get free transactions
23
no monthly fee and you get small amount of interest
24
Grows in value over time
25
Losses value over time
26
The bank are legally allowed to take over your property or things that you own
27
How much money you have to pay for mortgages/ loans or the money that you own from interest
28
Good: saving money. Bad: people with debt
29
Good: borrowing money. Bad: saving money
30
Someone who agrees to pay for your debt if you can't or don't
31
Professional management, lots of different options, convenience, liquidity, diversification
32
Saves you time, stress, and makes you money
33
variety of different investments that suit individuals
34
You don't have to be rich to start investing and you can start by little by little
35
Sell and buy with relative ease
36
Different investments that'll suit any individual that they can invest in and grow their assets
37
RRPS. RESP. TFSA.
38
registered retirement savings plan that's tax sheltered so you don't pay for tax and grow your assets ***cant take out the money until you retire
39
Registered education savings plan for saving money for college and university without paying tax ***rhe government gives annual money each year
40
Tax-free savings account
41
1. Your financial goal 2. Risk profile 3. Younger mean more time for investment 4. Older mean you are safer 5. Assets Allocation (what type of investment) RULE OF 100: 30 mean 70%, 40 means 60% 6. Choose your individual investment 7. Review your risk profile, assets allocation, and investment every few years
42
The rise in price over time caused by interest rates
43
(1/5%) Guaranteed investments certificate where the government or company borrows money and says that they'll pay you back after x years with interest ***your money is locked in until that x years
44
(1/5%) High interest ravings account where it's the same with GIC but your moneybisnt locked in so you can spend it
45
(6%) when you lend companies or governments money and they promise to pay you back in x years and pay you with interest every year
46
(5/7%) you own a house and live in it without paying for rent and could sent out your basement
47
(low interest in better than high interest) Real estate income trust where you buy and rent out properties
48
(7, 8%) shares of a company listed on a stock market for people to buy
49
Where stocks and bonds are grouped in a single investment
50
Exchange traded fund that lets you buy a large pool of individuals stock and bonds
51
Mutual fund that keeps all stock in a particular market
52
Raw materials like gold, gas, oil
53
Digital alternative form of currency that's not regulated by any central bank
54
Where you give a chunk of your money and get a guaranteed payment every year until you die
55
Where the stocks are traded
56
Mix of stocks
57
Mix of bonds
58
Invest in GIC
59
Mix of stocks and bonds
60
Any ground profile material
61
management expense ratio
62
App/ Au that invest your money automaticly based on your goals, age, and risk tolerance for free. (0.7% MER)
63
one ETF that invests in 4 different funds (bonds, stocks, us stocks, int stocks)