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Life Skills
9th -
12thgrade
Investing, Schooling, Retirement, Math
25 questions
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- 1. Multiple Choice
Which of the below is an employer based retirement plan that both employees and employers contribute to?
Traditional IRA
Roth IRA
401K
Pension
- 2. Multiple Choice
What is the difference between a Traditional and Roth IRA?
A traditional IRA's contributions are not taxed until you withdraw them at retirement. A Roth IRA's your contributions are taxed when you invest.
A Roth IRA's contributions are not taxed until you withdraw them at retirement. A Traditional IRA your contributions are taxed when you invest them in.
- 3. Multiple Choice
Which type of account will your employer often "match" your contributions?
Traditional IRA
401K
Roth IRA
Pension
- 4. Multiple Choice
What does tax deferred mean?
You pay taxes when you put the money into the account and when you withdraw it.
You pay taxes now when you contribute to your account.
You pay taxes at a later date when the money is withdrawn.
- 5. Multiple Choice
What type of account allows for instant diversification?
mutual fund
stock
bond
- 6. Multiple Choice
A bond is a(n) _____________ instrument.
Equity
Debt
- 7. Multiple Choice
A stock is a(n) _________ instrument.
Equity
Debt
- 8. Multiple Choice
Payments made to shareholders of a company's stock are called?
coupon
interest
dividend
- 9. Multiple Choice
If Ralph invest $1000 dollars at 6% interest, how long will it take him to double his money?
21
12
6
24
- 10. Multiple Choice
Saul put $1500 in his savings account at 4.5% interest. 6 years later, how much interest has he earned?
$45
$405
$40,500
- 11. Multiple Choice
What is 3.2% expressed as a decimal?
.032
3.2
32
5
- 12. Multiple Choice
You purchase 100 shares of Ravioli Den for $45/share. One year later, you sell the shares for $52/share. What was your TOTAL GAIN for your investment in Ravioli Den?
$0
$200
$700
$900
- 13. Multiple Choice
A key difference between saving and investing is
Saving is for everyone, investing is for the wealthy
Your money is insured when investing, it is not in savings
Investing has a guaranteed return, savings does not
Saving is for emergencies & goals, investing is for long-term wealth
- 14. Multiple Choice
The relationship between risk and return can be stated as
Higher risk indicates higher return
Higher risk indicates lower return
Lower risk indicates higher return
No relationship exists between risk and return
- 15. Multiple Choice
Which is NOT a stock market index?
New York Stock Exchange
Dow Jones Industrial Average
S&P 500
Nasdaq 3000
- 16. Multiple Choice
Andy earned $300 on a $1000 investment. What is his current ROI (return on investment)?
2%
3%
30%
70%
- 17. Multiple Choice
A diversified portfolio is desirable because
It limits investment choice
It's a good predictor on rate of return
It increases risk and return
It decreases risk
- 18. Multiple ChoiceThis is the form you must fill out before going to college in order to get aid from the government to pay for collegeFAFSAFASAFFASFAAFSAF
- 19. Multiple ChoiceThis is money you can get to pay for college, which has to be paid back.ScholarhipGrantStudent LoanCollege Savings
- 20. Multiple ChoiceA subsidized loan is when ____________________ pays the interest while you are in school, while an unsubsidized loan is when ___________________ pays the interest while you are in school.the government; parentsthe borrower; parentsthe borrower; the governmentthe government; the borrower
- 21. Multiple ChoiceScholarships and _______________ are both types of gift aid that do not have to be re-paid.grantsfederal work studyscholarshipsalternative loans
- 22. Multiple ChoiceYour 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?$23,285.05$3,285.05$2,385$32,285
- 23. Multiple ChoiceYour allowance of $190 earned an interest of 11% compounded annually for 1 2/3 years. How much interest did you earn on your allowance?$343.90$153.90$226.10$36.10
- 24. Multiple ChoiceSemi-Annually means how many times a year?4216
- 25. Multiple ChoiceRiley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?$1,584.62$2,651.39$2,706.86$1,825.10
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