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ITB: Savings, Bonds, & Mutual Funds

Authored by Trent Goldsmith

Business

9th - 12th Grade

Used 9+ times

ITB: Savings, Bonds, & Mutual Funds
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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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