
Unit 5 Personal Finance
Authored by Amy Wong
Social Studies
12th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why would an investor choose an investment with greater risk?
Higher potential rate of return
Provide access to capital for people and businesses
401K
Increases financial resources for business investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is investing in a mutual fund considered to be a higher risk investment than a money market fund?
Higher potential rate of return
A mutual fund is not insured
Increases financial resources for business investment
Provide access to capital for people and businesses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are financial institutions important to economic growth?
Higher potential rate of return
A mutual fund is not insured
Increases financial resources for business investment
Provide access to capital for people and businesses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A line of credit that can be used to repeatedly within a certain credit limit is called
Open ended credit
Credit card
Increases financial resources for business investment
Provide access to capital for people and businesses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of retirement account is considered the most secure?
Open ended credit
Credit card
401K
Provide access to capital for people and businesses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best way to keep credit card use under control?
Net worth
Pay your balance in full each month
Pay off your debts
Federal government loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets-Liabilities=
Net worth
You don’t have to carry cash around
401K
Federal government loans
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