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Unit 4  8A-H Investment Knowledge Flashcard

Unit 4 8A-H Investment Knowledge Flashcard

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the main benefit of starting to invest early and contributing continuously?

Back

It allows for exponential growth due to compound interest over time

2.

FLASHCARD QUESTION

Front

If you invest $1,000 at an 8% annual return and make no additional contributions, approximately how much will your investment grow in 9 years?

Back

$2,000

3.

FLASHCARD QUESTION

Front

According to the Rule of 72, how many years will it take for savings to double at an interest rate of 9%?

Back

8 years

4.

FLASHCARD QUESTION

Front

If your interest rate is 12%, the Rule of 72 estimates that your investment will double in approximately:

Back

6 years

5.

FLASHCARD QUESTION

Front

Which of the following savings options is typically FDIC-insured and provides the highest security but lower returns?
Options: Certificate of deposit, Money market mutual fund, Stocks, Bonds

Back

Certificate of deposit

6.

FLASHCARD QUESTION

Front

A money market account generally:

Back

Combines checking features with a higher interest rate than a traditional savings account

7.

FLASHCARD QUESTION

Front

Which investment typically carries the highest level of risk but also the potential for high returns? Options: Bonds, Mutual funds, Stocks, Certificates of deposit

Back

Stocks

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