Jaden's Quiz

4. The alternatives that we give up when we choose one course of action over another.
8. Stocks and bonds issued by corporations or by the government.
9. Regular payment required to purchase insurance.
12. A numerical code used in many electronic financial transactions. Usually required when using bank debit or credit cards, and usually contains 4 digits.
15. The act of lending money at an interest rate is considered unreasonably high or that is higher than the rate permitted by law.
16. Debt obligations of corporations (corporate bonds) or state or local governments (municipal bonds); corporation or government body borrowing money from the investor.
17. Stocks of large, well-established corporations with a solid record of profitability. Investors choose them for relatively safe, stable, but moderate returns. IBM, Coca-Cola, etc...
19. When an individual has an insurance policy that has an inadequate coverage.
22. A federal government program that is designed to provide low-cost medical insurance for Americans who are age 65 or older or have certain disabilities.
23. A type of bankruptcy where assets are sold and debts are paid as much as possible; there is no repayment plan
24. A very high interest rate charged by the credit card issuer when a borrower violates the card's terms and conditions.
25. A legal business that makes high-interest loans based on the value of personal possessions pledged as collateral.

1. When the prices of stocks go down below the prices initially paid for it.
2. Oldest and largest stock exchange in the U.S., located on Wall Street in NYC. Also called New York Stock Exchange (NYSE).
3. Something essential for survival such as food, clothing, or medical care.
5. The amount a bondholder will be repaid at maturity.
6. Insurance that provides additional liability protection beyond that in an automobile or homeowner's policy.
7. Money paid to stockholders form the corporation's earnings.
10. A stock or any other security representing an ownership interest.
11. When an individual has coverage for more than the value of the item that is insured.
13. The amount you pay for a loss before the insurance company pays anything.
14. An individual or firm, that charges a fee or commission for carrying out buy and sell orders submitted by an investor.
18. A prolonged period of rising stock prices and a general feeling of investor optimism.
20. Spreading the risk among many types of investments.
21. A diverse index that includes 500 American companies that represent over 70% of the total market capitalization of the U.S. stock market