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- 1. Multiple Choice
Kayla is considering whether to open a savings account or buy stock. Her financial advisor tells her that investing involves __________, but will help her money grow.
a down payment
risk
taxes
- 2. Multiple Choice
Savings accounts are _________, which means you can access your money quickly.
risky
safe
liquid
- 3. Multiple Choice
Fill in the correct terms to complete the description of Rebecca going through insurance claims process.
Rebecca’s husband died in a car accident. When she turns 67, she will receive her husband’s ________________.
401k account
Social Security benefits
certificate of deposit
- 4. Multiple Choice
Fill in the correct terms to complete the description of Rebecca going through insurance claims process.
Her children will also receive the same until they ________________.
graduate from high school
retire
become employed
- 5. Multiple Choice
The financial agency that sets monetary policy is _________________________.
The Federal Depository Insurance Corporation
The Federal Trade Commission
The Federal Reserve
- 6. Multiple Choice
The financial agency that insures bank deposits is ___________________.
The Federal Depository Insurance Corporation
The Federal Trade Commission
The Federal Reserve
- 7. Multiple Choice
Stock refers to a company's initial offering of shares.
True
False
- 8. Multiple Choice
A mutual fund is a small piece of ownership in a company.
True
False
- 9. Multiple Choice
The NASDAQ is a small piece of ownership in a company.
True
False
- 10. Multiple Choice
IPO refers to a company's initial offering of shares.
True
False
- 11. Multiple Choice
NASDAQ is a public stock exchange.
True
False
- 12. Multiple Choice
Stock is a small piece of ownership in a company.
True
False
- 13. Multiple Choice
Savings options would include a money market account and a promotional CD.
True
False
- 14. Multiple Choice
Investment options would include business ownership and bonds.
True
False
- 15. Multiple Choice
What are two ways someone could earn money on a real estate investment?
Residents pay to have the floors cleaned.
Owner could sell a property he or she fixed up.
Residents pay rent to the owner.
Owner could charge people that drive by the property.
- 16. Multiple Choice
Which savings account can a financial institution end or cancel?
money market account
youth savings account
credit union account
callable certificate of deposit
- 17. Multiple Choice
How much does your employer pay into the Social Security system on your behalf?
4.2 percent
8.4 percent
6.2 percent
12.4 percent
- 18. Multiple Choice
Lucretia deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Lucretia’s money can the bank lend?
$1,200
$2,000
$1,600
$400
- 19. Multiple Choice
What is compound interest?
the interest earned on the principal of an investment
the interest earned on a mutual fund
the interest earned on a loan
the interest earned on both the principal and interest of an investment or savings account
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