Banking and Savings Investments

Banking and Savings Investments

12th Grade - Professional Development

18 Qs

quiz-placeholder

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Banking and Savings Investments

Banking and Savings Investments

Assessment

Quiz

Mathematics

12th Grade - Professional Development

Medium

CCSS
HSS.MD.B.5, HSA.CED.A.1, 6.NS.C.5

+1

Standards-aligned

Created by

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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