Savings and Investments

Savings accounts are considered high risk!

• True

• False

Abner puts $200 into his savings account The bank pays 2% interest per month. How much money does Abner earn in interest each month?

Which of the following is an investment?

• getting a loan

• renting a home

• buying a home

• buying new shoes

There are some common ways of saving in the bank except

• Saving account

• Fixed deposit account

• Shares

• Current account

Which account can be used for business purposes?

• Current account

• Saving account

• Fixed deposit account

The types of investment except

• Shares

• Unit Trust

• Real estates

• Saving account

Which investment will receive the return in the form of rent?

• Real estate

• Shares

• Unit trust

Risky investments

• Are meant to make small returns on investment
• May lead to a larger return on investment
• Are always long-term
• Involve checking accounts

All of these are benefits to high liquidity investments except

• A high rate of return
• Easily accessible 
• Can convert to cash when needed
• Less risky

Which is the least risky?

• Stock
• CD
• Savings account
• Mutual fund