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- 1. Multiple ChoiceA mutual fund is made up of a bundle of:stocks and C.D.smoney market accountsstocks and bondsbonds and savings accounts
- 2. Multiple ChoiceIf your retirement is VERY far away, you should invest in:more stocks than bondsmore bonds than stocksequal amounts of stocks and bonds
- 3. Multiple ChoiceAn index fund's goal is to:improve on the growth of the stock marketgrow more slowly than the stock marketequal the growth of the stock market
- 4. Multiple ChoiceA managed fund is different from an index fund because only a managed fund:Guarantees that it will beat the stock marketHas a professional fund managerIs almost always safeHas no extra fees
- 5. Multiple ChoiceWhich one is NOT a reason why an index fund is often a better choice than a managed fund?A managed fund has higher fees than an index fundAn index fund always matches the stock marketIndex funds often have more growth than managed funds
- 6. Multiple ChoiceIn this kind of retirement account, the money goes into your account BEFORE you pay taxes.Traditional Retirement AccountRoth Retirement AccountPre-tax retirement accountThis answer is wrong, guys. Don't choose it.
- 7. Multiple ChoiceIn this kind of retirement account, the money goes into your account AFTER you pay taxes on it.Traditional Retirement AccountRoth Retirement Accountpost-tax retirement accountHi!
- 8. Multiple ChoiceIf you do not want to worry about paying taxes on your retirement money in the future, you should put it in:A traditional retirement accountA Roth retirement accountA pre-tax retirement accountA post-tax retirement account
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