Which of the following statement is TRUE?
Standard 5: Saving and Investing

Quiz
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Other
•
9th - 12th Grade
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Medium
Cami Schiffner
Used 177+ times
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24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savings and investing is only for wealthy people.
Savings and investing is important for people of all income levels.
Savings is only for people with limited income and investing is for people with high levels of income.
Savings is only for people with high levels of income and investing is for people with limited income.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation refers to
an overall increase in prices.
the amount of money earned by investing.
how quickly your money can double
the level of risk associated with equity investing.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are planning to put aside money for long-term goals, your BEST option is probably
keeping your money in a jar by the bed because banks are not safe.
putting your money in a savings account because it is insured.
putting your money into a mutual fund because it is diversified.
buying stock only in the company where you work.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Default risk is
the potential that you will not get your money back once it is invested.
fear that inflation will grow faster than the interest you earn.
fear that you cannot earn enough money to meet your goals.
the potential that you will quit saving.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stocks and bonds are similar in that both
have a guaranteed rate of return.
provide ownership in a business
have relatively high levels of risk.
are tied to the rate of inflation.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest is calculated as
principal plus any interest they have already paid you.
principal minus the amount you are paid annually.
principal but not on the interest earned.
prorated interest over the life of an investment.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Low interest rates
are paid on high risk investments.
are paid on small investments.
increase the amount of time needed to double your money.
decrease the amount of time needed to double your money.
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