What is an asset

• Something that appreciates over time

• Something that depreciates over time

• Anything that you own that has value

• All of the above

What is a paycheck “withholding”?

• Money your employer keeps for fun

• Money taken out for taxes and other deductions

• Money you refuse to spend

• Money you save automatically

WHAT DOES EQUITY IN YOUR HOME MEAN?

• You owe more than your home is worth

• Your mortgage payment

• The total price of your home

• The amount of your home you actually own after subtracting what you owe

In finance/accounting, what does liquidity mean

• How much money you earn per year

• The amount of debt you owe

• How much your investments earn

• How quickly an asset can be converted into cash without losing value

What is diversification in investing?

• Putting all your money in one company

• Investing in different types of assets to reduce risk

• Selling all your investments at once

• Avoiding risky investments

Which of these is the safest place to keep your savings

• Under your mattress

• In a savings account at a bank or credit union

• In an investment account

• In cryptocurrency only

After struggling to pay his bills on time, Bob filed for _____.

• A savings account

• Bankruptcy

• Divorce

• College

What does APR stand for in finance?

• Annual Percentage Rate

• Average Payment Ratio

• Annual Payback Rate

• Adjusted Payment Return

WHAT IS THE FEE YOU PAY WHEN YOU BORROW MONEY?

• Deposit

• Credit Bureau

• Interest Charge

• Insurance

With a Roth IRA (Individual Retirement Account), you do not pay taxes…

• When you withdraw the funds during retirement

• When you earn the funds before you retire

• You never have to pay taxes

• You never pay taxes on the interest income