Chapter 4 Review: Dave Ramsey Middle School Edition

Because of inflation, your money can be worth _______ in the future.

• Less

• Much More

• An appropriate amount

• Nothing

Saving is for the _______.

• short term

• long term

When you _______, it can be worth more in the future.

• Leave your money in the bank

• Hide your money in the mattress

• Invest your money

• Take your money out of your investments

Investing is for the _______.

• Short Term

• Long term

Long-term investing is investing for _______ years or more.

• two

• five

• ten

• fifteen

_______ are investments owned by a group of investors.

• 401(k)s

• mutual funds

• bonds

• money market accounts

The reason to invest is to make more money for something like _______.

• Planning for retirement

• Next month’s vacation

• A new car

• Opening a business in the next 6 months

_______ represent ownership in a company.

• Mutual funds

• Certificate of Deposits

• Roth IRAs

• Stocks

The money you pay for insurance is a _______.

• deductible

• premium

• annual bill

• monthly statement

_______ is the equivalent of building your shelter or fortress in a game.

• Insurance

• Mutual Funds

• Money market accounts

• Bonds