Banking and Savings Investments

Quiz
•
Mathematics
•
12th Grade - Professional Development
•
Medium
+1
Standards-aligned
Ty Allen
Used 46+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is NOT a Long Range goal for Seniors in High School?
Buying a House
Having a Finance Broker
Opening a Savings Account
Retirement Planning
Answer explanation
Opening a Savings Account is a short-term financial goal, while buying a house, having a finance broker, and retirement planning are long-range goals that require more time and planning.
Tags
CCSS.HSA.CED.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good habit to develop as a young adult?
Attending Parties with Friends
Saving money with every paycheck
Borrowing money for emergencies
Living Paycheck to Paycheck
Answer explanation
Saving money with every paycheck is a crucial habit for young adults. It helps build financial security, prepares for emergencies, and allows for future investments, contrasting with the negative impacts of living paycheck to paycheck.
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is synonymous with Investing?
Balance Checkbook account
Having a Credit Card
Retirement Plan
Savings Account
Answer explanation
A Retirement Plan involves setting aside funds for future use, which is a form of investing. The other options relate to managing money but do not directly involve investing.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the amount of money you can gain or lose in Investing?
Principal Deposit
Interest Rates
Payments to Checking Account
How much you Save each paycheck
Answer explanation
Interest rates significantly impact investment returns, as they determine how much your money can grow over time. Higher interest rates can lead to greater gains, while lower rates may result in smaller returns or losses.
Tags
CCSS.HSS.MD.B.5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the indicator that shows your Investment is losing or gaining money in your portfolio?
Checkbook balance
Stock Market
Bank Withdrawals
Daily Purchases
Answer explanation
The Stock Market is the primary indicator of your investment's performance, reflecting gains or losses in your portfolio. Other options like checkbook balance or bank withdrawals do not directly indicate investment value changes.
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.B.5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When do most Americans get a Retirement Plan?
At age 65 years old
When they get their Career Job
When they get Married
When they get they get their first Apartment
Answer explanation
Most Americans typically get a retirement plan when they start their career job, as employers often offer retirement benefits at that time. Other life events like marriage or moving into an apartment do not directly trigger retirement planning.
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is NOT a type of Bank account that can be used to save money?
Checking Account
Retirement Fund
Interest Saving Account
Mutual Fund
Answer explanation
A Checking Account is primarily used for daily transactions rather than saving money. In contrast, a Retirement Fund, Interest Saving Account, and Mutual Fund are specifically designed for saving and investing.
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