BASIC FINANCE
Quiz
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Professional Development
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Professional Development
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Practice Problem
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these statements about saving is true?
You only need to save for your long-term goals.
Saving money consistently each month can help you prepare for the future.
Making saving into a habit and being consistent is the best way to build an emergency fund or save toward a goal.
You can categorize expenses under saving if you got a discount on them.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a bear market?
A time when investors are acting aggressively.
When stock prices fall and stay low
A time when stock prices are rising.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is interest?
The amount you pay for borrowing money, expressed as a percentage
The amount you earn for keeping money in a savings account, expressed as a percentage
Both of the above
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is NOT a fee that might be charged on a checking account?
Minimum balance fee
overdraft fee
ATM
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The amount you have to pay out of pocket before insurance kicks in.
The amount you have to pay out of pocket before insurance kicks in.
The amount you pay each year or month to keep your policy active.
An insurance premium is the monthly bill you pay to keep your policy in place
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