Wealth Management Assessment #2

When the costs of goods and services go up what happens to the needs of the consumers?

• Needs go up

• Needs go down

• The needs are a part of the goods

• The goods are a part of the needs

• Prices stabilize

The law of ______ and ______ has inverse relationship to each other but nevertheless drive the economy.

(YES THEY MUST BE SPELLED CORRECTLY IN ORDER FOR YOU TO GET CREDIT)

You do not need to put in the word 'and' in your answer, just the words

What is an example of bad credit

• Bonds

• CD's

• Money Market

• Savings

• Cards

A CD stands for?

• Certificate of Deposit

• Certification of Debt

• Clarification of Debauchery

• Compact Disc

• Certification of Deficit

Which type of service would give you the most out of your deposited money?

• CD

• Savings

• Money Market

• Credit Card

The 17th Century is what time period?

• 1400's

• 1500's

• 1600's

• 1700's

• None of these

What century are we in now?

• 19th

• 20th

• 21st

• 2023rd

• Twenty Second

T/F - Stocks are considered gambling.

• True

• False

• What's a gamble

• Part of an investment

• Stocks go up and down

When you gamble it is

• A 0 Sum game

• Moving money from one hand to another

• Typically when the house wins

• All of the choices

• None of the choices

Get rich quick schemes (worth 10 points)

• Pay early investors with new investor money

• Pump and Dump

• Pay up front for money later

• Pyramid

• Promise to pay for knowledge

• Coaching

• Worthless item to go up and down

• Ponzi

• Multi-level marketing from outside customers

• Advance Fee