Finance Unbox-ED (INR) - Grade 6-8 - Session 21 - Assessment 7
Authored by Ank Ank
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21 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
Student Name
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Power of compounding can be understood using simple interest
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest means we reinvest our interest and earn interest on interest
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest can create significant wealth for us in a short period of time
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest is an example of instant gratification
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select the famous scientist who said "Compound interest is the most powerful force in the universe"
Thomas Edison
Isaac Newton
Albert Einstein
Stephen Hawking
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select the statement that is true about risk
Risk is only a measure of how much the value of investments go up
Risk is only a measure of how much the value of investments go down
Risk is a measure of how much the value of investments go up or down
None of the above
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