Saving and Investing
Quiz
•
Other
•
10th - 12th Grade
•
Easy
Mitchell Sheehan
Used 6+ times
FREE Resource
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This type of account typically offers higher interest rates AND requires money to be be left in the account for a set period of time.
Traditional Savings
Money Market
Certificate of Deposit
Checking
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The _____ is the initial amount invested on which interest accrues.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest that is accrued periodically on the principal amount and previously accrued interest.
Basic Interest
Double Interest
Long Term Interest
Compound Interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This account type is the most liquid and allows the user to spend and transfer money with ease.
Traditional Savings
Checking
Certificate of Deposit
Money Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of retirement account that allows for defined, pre-tax contributions that are typically sponsored by employers.
IRA
401k
Roth IRA
403b
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to ensure that all of your resources are not put in one place, experts recommend you...
Mix up your accounts
Switch around your investments
Diversify your portfolio
Start a lot of new accounts
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The rule of ____ is a quick way to calculate how long it will take to double your investment.
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