Saving, Investing, Insurance Review

If you plan on keeping your money in an account for less than 5 years what account should you put it in?

• Savings

• Investing

• Checking

• None of the above

If you plan on keeping your money away for more than 5 years you should put it what type of account?

• Investment

• Savings

• Retirement

• Checking

The time value of money means that money is always worth __________ as time progresses.

• Less

• Morth

• The Same

• I don't know

What does inflation do to prices?

• Makes them higher

• Makes them lower

• Keeps them the same

• None of the above

What happens to the value of money with inflation?

• It goes down

• It goes up

• it stays the same

• none of the above

Becoming a millionaire is a ___________ goal.

• Short term

• Long Term

• Medium Term

• None of the above

What is "the market" when it comes to personal finance?

• Where you buy and sell stocks

• Where you buy fruits and vegetables

• Where you buy televisions

• None of the above

Generally the stock market

• Goes up

• goes down

• stays the same

• none of the above

What percent of 20 year periods since 1950 has the stock market went up?

• 100%

• 20%

• 30%

• 60%

This is a different type of savings account that does not count as a long term investment. It just gives you more interest than a savings account.

• High Yield Savings

• CD

• Bonds

• Stocks