Saving & Investment Strategies Final Assessment

Saving & Investment Strategies Final Assessment

9th - 12th Grade

10 Qs

quiz-placeholder

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Saving & Investment Strategies Final Assessment

Saving & Investment Strategies Final Assessment

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Medium

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes the degree to which an asset can be quickly bought in the market without affecting the asset’s price?

Liquidity

Cash flow

Value

Interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following involves restricting expenses and keeping the unspent money in one’s own custody for the purpose of accumulating it?

Investing

Compounding

Saving

Evaluating

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is interest calculated on the initial principal as well as the accumulated interest of previous periods?

Compound interest

Simple interest

Fixed interest

Variable interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much would $10,000 on deposit at a five percent annual simple interest rate for three years earn?

$1,250

$1,500

$1,576.25

$2,576.25

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a saving certificate with a fixed maturity date and specified fixed interest rate?

Money market fund

Certificate of deposit

High-yield bank account

Annuity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an employer-sponsored retirement savings plan?

401K Plan

Annuity

Money market fund

Savings account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered to be a long-term goal?

Purchasing household furniture

Saving up for a family vacation

Saving for a college education

Establishing an emergency fund

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