MP2 9wks Econ REVIEW

MP2 9wks Econ REVIEW

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

Who contributes to 401K’s?

Back

employees and employers

2.

FLASHCARD QUESTION

Front

Risk can be defined as

Back

the potential for loss

3.

FLASHCARD QUESTION

Front

What happens if you withdraw money from your retirement account early?

Back

The amount withdrawn will be taxed at your current income tax rate & you may pay a penalty.

4.

FLASHCARD QUESTION

Front

Who contributes to IRA’s?

Back

individuals only

5.

FLASHCARD QUESTION

Front

Although banks typically pay low interest rates, you can earn more money from a bank if you put money into

Back

a CD (certificate of deposit)

6.

FLASHCARD QUESTION

Front

Which of these investments carries the most risk?
Options: savings account, Bonds, stocks, Certificates of Deposit (CDs)

Back

stocks

7.

FLASHCARD QUESTION

Front

A lender's requirement to guarantee repayment of a loan is referred to as

Back

collateral

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