Personal Finance Unit 2 Review - Savings

Personal Finance Unit 2 Review - Savings

9th - 12th Grade

48 Qs

quiz-placeholder

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Personal Finance Unit 2 Review - Savings

Personal Finance Unit 2 Review - Savings

Assessment

Quiz

Other

9th - 12th Grade

Hard

Created by

Maria Crusius

FREE Resource

48 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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)

2.

DROPDOWN QUESTION

2 mins • 1 pt

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)

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

4.

DROPDOWN QUESTION

2 mins • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

6.

DROPDOWN QUESTION

2 mins • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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)

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