Financial Literacy Quiz
Authored by Colleen Alves
Social Studies
12th Grade
Used 2+ times
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96 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: With all investments, as the risk goes up, the return goes down.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: The Roth IRA is an after-tax investment that grows tax free.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: Never buy something you do not fully understand.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: Shelf positioning forces the buyer to associate a value with the product.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: Never roll over your 401(k) when you leave a company.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: If we used a race analogy to describe building wealth, it would be most like a sprint.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Analyze the following statement to determine if it is true or false: Rate of return matters when it comes to compound interest.
True
False
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