Test 5 Review Guide

Test 5 Review Guide

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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24 questions

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1.

FLASHCARD QUESTION

Front

Mutual funds help spread out the risk of investing by

Back

investing in a variety of stocks and bonds.

Answer explanation

Mutual funds generally include a variety of securities, including stocks and bonds. Even if one security fails, you're protected by having invested in many different companies.

2.

FLASHCARD QUESTION

Front

What type of investment typically offers the most reward, but also the great risk? Options: Corporate Bonds, Certificates of Deposit, Savings Accounts, Corporate Stock

Back

Corporate Stock

3.

FLASHCARD QUESTION

Front

What type of U. S. Savings bond is guaranteed to double after 20 years?

Back

EE Bond

4.

FLASHCARD QUESTION

Front

Getting something now with a promise of repaying it later is using

Back

credit

Answer explanation

Credit is "the advance of money with a promise to repay at a later date".

5.

FLASHCARD QUESTION

Front

What type of U.S. Savings Bond is tied to inflation?

Back

I Bonds

6.

FLASHCARD QUESTION

Front

Which offers the least amount of liquidity? Savings account, NOW account, Certificate of Deposit, Money Market Fund

Back

Certificate of Deposit

Answer explanation

CDs cannot be accessed for a set amount of time. E.g., an 18-month CD can't be accessed for 18 months. On the other hand, savings and checking account funds can be accessed pretty much immediately. Mutual funds are generally not quite as liquid as savings and checking funds.

7.

FLASHCARD QUESTION

Front

Credit rating is related to which of the three "Cs"?

Back

Character

Answer explanation

Character includes your credit history. How well you've kept up with your bills will determine your credit rating.

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