A key difference between saving and investing is

Saving is for emergencies & goals, investing is for long-term wealth

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

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

You would generally be willing to accept more risk in your investments if

you expected to earn a higher rate of return in exchange for acceptance of the risk.

your time horizon was relatively short.

Which of the following is true with regard to gross pay and net pay?

Net pay is gross pay minus deductions.

Net pay is gross pay minus savings.

Gross pay is usually less than net pay.

Net pay is gross pay plus Social Security contributions.

Which of the following is NOT one of the rules for building wealth?

Save and invest early and often.

Don't leave money on the table.

What is a good strategy to help you save?

Pay yourself first - set aside money for savings each month

1st, spend money on all expenses; put the rest into saving

Tap into your savings on a regular basis to purchase small items, like snacks

Keep your spending and saving money together in 1 account

What is a reason for why so many Americans live paycheck-to-paycheck?

Many people are paying themselves first and then spending

Many people only buy what they NEED, not what they WANT

Many people spend within their budget

Saving and Investing

Authored by Haley Hopkins

Life Skills

11th - 12th Grade

CCSS covered

Used 368+ times

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16 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risky investments

Are meant to make small returns on investment

May lead to a larger return on investment

Are always long-term

Involve checking accounts

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of these are benefits to high liquidity investments except

A high rate of return

Easily accessible

Can convert to cash when needed

Less risky

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mutual fund is

An investment in a diversified group of stocks

The money left over when reinvested into the company

An account that guarantees a fixed rate of return

Exclusively for retirement accounts

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the least risky?

Stock

Savings account

Mutual fund

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Don't put all your eggs in one basket best refers to which of the following pieces of advice

Diversify your stock portfolio in order to reduce risk

Invest in a single stock for the largest gain

Take out as many loans as you can

Don't hesitate when buying stocks

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your credit score will be significantly lowered if you

You miss a loan payment

Buy a house

Take out a loan

Go to college

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your house cost 100,000. You put 20% down. What is your down payment?

10,000

20,000

100,000

120,000

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Saving and Investing

Risky investments

All of these are benefits to high liquidity investments except

A mutual fund is

Which is the least risky?

Don't put all your eggs in one basket best refers to which of the following pieces of advice

Your credit score will be significantly lowered if you

Your house cost 100,000. You put 20% down. What is your down payment?

A key difference between saving and investing is

Which would be considered the highest risk investment type?

The relationship between risk and return can be stated as

Access all questions and much more by creating a free account

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