NGPF Investing: Quiz Review
Authored by Joseph D'Amelia
Mathematics
9th - 12th Grade
CCSS covered
Used 104+ times
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About
This quiz covers personal finance and investment fundamentals appropriate for high school students in grades 9-12. The content focuses on core concepts including the distinction between saving and investing, simple versus compound interest calculations, risk-return relationships, and basic investment vehicles such as stocks, bonds, and mutual funds. Students need to understand mathematical formulas for interest calculations, apply compound interest concepts to real-world scenarios, and demonstrate knowledge of financial terminology and principles. The quiz assesses both conceptual understanding through multiple-choice questions about investment strategies and practical application through computational problems involving interest rates, investment growth, and return on investment calculations. Students must grasp fundamental economic concepts like inflation, wealth definition, and the time value of money to succeed on this assessment. Created by Joseph D'Amelia, a Mathematics teacher in the US who teaches grades 9-12. This quiz serves as an excellent review tool for students studying personal finance and investing concepts, supporting instruction through comprehensive coverage of essential financial literacy topics. Teachers can utilize this assessment for formative evaluation before unit tests, as homework assignments to reinforce classroom learning, or as warm-up activities to activate prior knowledge about financial concepts. The quiz effectively supports review sessions by covering both theoretical understanding and practical application of investment principles. This assessment aligns with Common Core Mathematical Practices standards, particularly MP1 (Make sense of problems and persevere in solving them) and MP4 (Model with mathematics), as students apply mathematical formulas to real-world financial scenarios and interpret financial data to make informed decisions.
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of starting to invest as early as possible?
You’ll get a discount on any fees for funds you invest in.
You have access to more funds.
Your money has more time to grow.
You’re eligible for higher interest rates the younger you are.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How does simple interest differ from compound interest?
Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.
Simple interest rates are between 1-5% while compound interest rates are over 5%.
Simple interest is calculated on the principal as well as the interest you’ve already earned; compound interest is calculated on principal alone.
You earn simple interest in a savings account and compound interest on an investment.
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account is useful for all of the following purposes EXCEPT…
Putting aside money for retirement
Building an emergency fund
Saving for a new car
Funding a future vacation
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How is wealth defined?
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following is FALSE about saving and investing? (hint: choose 2 correct answers)
Saving doesn't outpace inflation; investing usually does
Both saving and investing generally have low returns
Saving is for short-term; investing is for the long-term
Saving has more risk; investing has less risk
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is NOT a typical goal for a savings account?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a general rule of thumb on how much you should save?
Tags
CCSS.7.RP.A.3
CCSS.7.RP.A.1
CCSS.7.RP.A.2
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