
ITB: Savings, Bonds, & Mutual Funds
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Trent Goldsmith
Used 9+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a reason to save?
to help the economy grow
for emergencies
for short-term goals
for long-term goals
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What % of your income should you Pay Yourself First (save)?
5%
10%
20%
50%
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT true?
for investment, you should start early
for investment, you should diversify
there is a direct relationship between risk and reward
there is no relationship between risk and reward
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is more risky according to the Financial Planning Pyramid?
collectibles
blue chip stocks
mutual funds
US savings bonds
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which will have a lower return on investment (ROI)?
savings
stocks
bonds
real estate
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What type of interest will earn "interest on your interest"...and your principle?
simple
compound
exponential
basic
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
You have $1,000,000. You want to know how long it will take you to double your money with an 8% interest rate.
125 years
10 years
9 years
8 years
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