Unit 2 Saving, Investing, & Risk Management Quiz-Lesson 1

Unit 2 Saving, Investing, & Risk Management Quiz-Lesson 1

6th - 8th Grade

11 Qs

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Unit 2 Saving, Investing, & Risk Management Quiz-Lesson 1

Unit 2 Saving, Investing, & Risk Management Quiz-Lesson 1

Assessment

Quiz

Life Skills

6th - 8th Grade

Practice Problem

Hard

Created by

JOEY BOOZER

Used 21+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pay Yourself First (PYF) means.....

investing money for high return

save a portion of your income for future use

spending your income once you get it for bills.

possible financial loss or physical harm.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 10U issued by a company or the government in exchange for a loan from an investor that will be repaid with a set rate of return is known as..

Stock

Mutual Fund

IRA

Bond

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that provides money related services is called....

Financial Institution

Principal

PYF

Mutual Fund

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee received or paid for the use of money is known as..

Opportunity Cost

Risk

Interest

Stock

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is committed to gain a profit or earn interest is called....

Mutual Fund

Bond

Stock

Invest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A collection of stocks, bonds, or various corporations is called...

principal

mutual fund

invest

interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The next best thing given up when making a financial choice is known as ....

risk

interest

principal

opportunity cost

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