Savings & Investing Unit Assessment

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

Which is the least risky?

• Stock
• CD
• Savings account
• Mutual fund

When you take out a mortgage, what are you putting up as collateral

• Your principal
• Your interest
• Your house
• Your down payment

When does taking out a payday loan make the most sense?

• When rent is due the next day
• When the interest rates are low
• To pay for college
• To pay for a house

It is best to buy a Stock when the price is high.

• True
• False

You should start saving for retirement

• When you get married
• When you get your first job
• When you reach age 50
• When you reach age 65

The higher the risk the, _______ the reward

• Higher
• Lower
• There is no relationship between risk and reward
• All of the above

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

The lower the risk, the ______ the reward

• Higher
• Lower
• There is no relationship between risk and reward
• All of the above

Which of the following investments would carry the most risk?

• Checking account
• Savings account
• Savings bond
• Stock Market

Knowing how much you need to save, Having a plan, and setting goals are the keys to...

• The Stock Market
• Starting your own business
• Financial Security
• Applying for a credit card