Savings & Investing Quiz

What is the definition of wealth?

• Having money for a long time

• The accumulation of assets over your lifetime

• Money that grows

• An amount of money set aside for the future

What is does liquidity mean?

• A measure of the money that you have in your pocket

• A measure of the money that is the bank

• A measure of how quickly an asset can be converted to cash

• A measure of how much your assets costs

All that a person owns minus debts owed (liabilities) at the time of a person’s death is known as a(n)

• Estate

• Asset

• Liabilities

• Personal Property

The chance that the rate of inflation will rise faster than your investment’s rate of return is known as

• Return on Investment

• Market Risk

• Investment Risk

• Inflation Risk

 A fund or organization established and maintained for the purpose of supporting an institution or a cause is called

• Market Funds

• Foundation

• ROI

• Estate

________ is the ability to meet current and future needs while living comfortably.

• Financial Reward

• Financial Security

• Financial Stability

• Financial Foundation

Short-term goals should be completed in

(a)  

A calculated chance is called

• Return

• Gambling

• Exempt

• Risk

What is the formula for ROI?

• Amount gained x The Amount Invested / 100

• Amount gained / The Amount Invested x 100

• The Amount Invested / Amount gained x 100

• The Amount Invested x Amount gained x 100

Holding a variety of investments for the purpose of reducing overall risk is known as

• Systematic Investing

• Gambling

• Diversification

• Inflation Investing