Saving & Investing Lesson 12

Which of the following are true about savings? Select all that apply.

• Typically needs to be accessible easily and quickly

• Has a higher return with a higher risk

• Act of putting away money for a future expense or need.

• Can be for short term and long term goals

T/F: You can lose money on investments.

• True

• False

Savings products can include: (Select all that apply)

• Savings accounts

• CDs (Certificate of Deposits)

• Money markets

• Stocks

If you need the money within a year or so, or any type of emergency, you should choose:

• Savings options

• Investing options

If you don't need the money for the next 3+ years and you're okay with some risk involved, you should choose:

• Savings options

• Investment options

Kayla is considering whether to open a savings account or buy stock. Her financial advisor tells her that investing involves __________, but will help her money grow.

• a down payment

• risk

• taxes

Fill in the correct terms to complete the description of Rebecca going through insurance claims process.

Her children will also receive the same until they ________________.

• graduate from high school

• retire

• become employed

The financial agency that sets monetary policy is _________________________.

• The Federal Depository Insurance Corporation

• The Federal Trade Commission

• The Federal Reserve

The financial agency that insures bank deposits is ___________________.

• The Federal Depository Insurance Corporation

• The Federal Trade Commission

• The Federal Reserve

Stock refers to a company's initial offering of shares.

• True

• False