Personal Finance Unit 2 Review - Savings

This is an investment where the funds can only be used on medical needs such as doctor visits, medication, and healthcare concerns.

• Certificate of Deposit (CD)
• Health Savings Account (HSA)
• Roth IRA
• 401(k)

An investment where the funds can only be used on medical needs such as doctor visits, medication, and healthcare concerns is called a (a)  

• Certificate of Deposit (CD)
• Health Savings Account (HSA)
• Roth IRA
• 401(k)

A CD or certificate of deposit, is a unique way to save money and build wealth, but requires...?

• That you only use only online banking
• a minimum deposit for $1,000
• That you leave your money untouched for a specific period of time

A CD or certificate of deposit, is a unique way to save money and build wealth, but requires...? (a)  

• That you only use only online banking
• a minimum deposit for $1,000
• That your $ stays untouched for a specific time

In a Roth IRA, what is the maximum a single person can put into the account in one taxable year?

• $600
• $6000
• There is no limit on the amount that can be put into a Roth IRA

In a Roth IRA, what is the maximum a single person can put into the account in one taxable year? (a)  

• $600
• $6000
• There is no $ limit on a Roth IRA

You have a friend named Jerry and he works for Centene in downtown Clayton in the IT (information technologies) department. Jerry's employer offers him a saving/investing option that most other corporate jobs offer. Which one from the list below is Jerry being offered at Centene?

• Certificate of Deposit (CD)
• Health Savings Account (HSA)
• Roth IRA
• 401(k)

You have a friend named Chris and she works for Enterprsie in downtown Clayton in the IT (information technologies) department. Chris's employer offers her a saving/investing option that most other corporate jobs offer. Which one from the list below is Chris being offered at Enterprise? (a)  

• Certificate of Deposit (CD)
• Health Savings Account (HSA)
• Roth IRA
• 401(k)

This type of savings account is offered at banks and credit unions and offers a short-term place to save money for financial planning

• 401(k)
• Roth IRA
• Money Market Account
• Certificate of Deposit (CD)

This type of savings account is offered at banks and credit unions and offers a short-term place to save money for financial planning (a)  

• 401(k)
• Roth IRA
• Money Market Account
• Certificate of Deposit (CD)