Savings and Investments Quiz
Authored by Shequera Sherman
Business
9th - 12th Grade
Used 48+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A portion of your income that you do not spend on your current needs, but instead set aside for future needs.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The phrase "pay yourself first" means to
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Most Americans have an emergency fund and money saved for retirement
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The power of compound interest works BEST the longer an investment is allowed to grow
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A savings account should be used for daily purchases
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If you deposit $200 into a CD @ 1% for 3 years, how much simple interest will you earn ?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Experts recommend you save money in an "emergency fund." Which of these represents an expense where the emergency fund would be particularly useful?
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