Financial Literacy Quiz

a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund

• Mutual funds

• Fixed-income (bond) funds

• Net asset value (nav)

• ETF (exchange traded fund)

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the

• U.S. Treasury Department

• 401(k) plan

• Basic rule of a risk-to-return relationship

• Saving

is an investment alternative in which investors pool their money to buy stocks, bonds, and other securities based on the selections of professional managers who work for an investment company.

• Security Bond

• Mutual Fund

• Compound Interest

• Mutual Bond

shares of ownership in a company

• Dividend

• Saving

• Commodities

• Stocks

The payment you receive for allowing a financial institution or corporation to use your money

• Compound Interest

• Earned Interest

• Monthly Interest

• Fixed Expenses

Interest that does not compound (you don't earn $ on the interest)

• Simple Interest

• Investing

• Mutual Bond

• Time Value Of Money

a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

• Saving

• Stocks

• Commodities

• Investing

a type of savings account that requires a higher minimum balance than a regular savings account, but offers a higher interest rate

• High-yield savings account

• Money Market Account (MMA)

• Certificate Of Deposit (cd)

• Dividend

Putting 10% of your income directly into savings before you do anything else... including paying bills.

• Pay Yourself First

• Us Saving Bonds

• Investing

• Saving

Earning interest on interest (earning interest on the principal plus the interest you have already earned)

• Earned Interest

• Time Value Of Money

• Simple Interest

• Compound Interest