CFCI INVESTING LATEST QUESTIONS WITH CORRECT ANSWERS
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Module
CFCI INVESTING
Institution
CFCI INVESTING
CFCI INVESTING LATEST QUESTIONS WITH CORRECT ANSWERS
Rate of Return -Answer- The ratio of money gained or lost on an investment relative to the amount of money invested; also known as return on investment (ROI).
Initial Public Offering (IPO) -Answer- The first time a company issues stock that ...
CFCI INVESTING LATEST QUESTIONS
WITH CORRECT ANSWERS
Rate of Return -Answer- The ratio of money gained or lost on an investment relative to
the amount of money invested; also known as return on investment (ROI).
Initial Public Offering (IPO) -Answer- The first time a company issues stock that may be
bought by the general public.
Inflation -Answer- The increase in the general price of goods and services in an
economy over a period of time.
Compound Interest -Answer- Interest earned on both the principal amount and any
interest already earned.
Stock exchange -Answer- A market where shares in corporations are bought and sold
through an organized system.
Security -Answer- A financial asset—such as a stock or a bond—that can be bought
and sold in a financial market.
Social Security -Answer- A United States federal program of social insurance and
benefits developed in 1935. The Social Security program's benefits include retirement
income, disability income, Medicare and Medicaid, and death and survivorship benefits.
FICA -Answer- The Federal Insurance Contributions Act (FICA) is the federal law that
requires an employer to withhold three separate taxes from the wages they pay their
employees: a 6.2 percent Social Security tax;
a 1.45 percent Medicare tax and beginning in 2013, a 0.9 percent Medicare surtax when
the employee earns over $200,000.
Pension -Answer- A pension is a retirement account that an employer maintains to give
an employee a fixed payout at retirement.
Roth IRA -Answer- An individual retirement account that allows a person to set aside
after-tax income up to a specified amount each year. Both earnings on the account and
withdrawals after age 59½ are tax-free.
Traditional IRA -Answer- An individual retirement account that allows a person to set
aside pre-tax income (up to a specified amount). Earnings are tax-deferred but taxes
are paid when withdrawals are made beginning at age 59 1/2 or later (or earlier, with a
10% penalty).
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