Investing Quiz Prep

Select ALL correct. What are some things you should consider before investing?

• Budget

• Your friend's job

• Time Horizon

• Your birthday

Select ALL correct. What are some things you should consider before investing?

• If you have a pet

• Risk

• Financial Goals

• How long you have been working

What is an RRSP for?

• Investing in the stock market

• Saving for education

• Saving for a house

• Saving for retirement

What is an RESP for?

• Saving for education

• Saving for retirement

• Saving for a house

• Investing in Artwork

What is an FHSA for?

• Saving for retirement

• Saving for a house

• Investing in real-estate

• Saving for education

What does TFSA stand-for?

• Terrific Fun School Assignment

• Tax-Free Savings Account

• Transportation Fund for Savings Annually

• Telephone and Fax Savings Account

Investment product where you invest in artwork, real estate, crypto currency, NFTs, and other assets.

• Non-Traditional Investment

• Alternative Investment

• Weird Investment

• Associated Investment

A type of investment product managed by a fund manager with a large pool of investments.

• Stocks

• Bonds

• Mutual Fund

• EFTs (Exchange-Traded Funds)

A type of investment where you invest directly in a single company.

• Stocks

• Bonds

• GICs

• EFTs (Exchange-Traded Funds)

When you lend money to a financial institution (bank), and are guaranteed to receive it back with interest.

• Alternative Investment

• Mutual Fund

• Bond

• GIC (Guaranteed Investment Certificate)