RAMSEY CH 12 sec 1-3
Authored by Aaron Munguia
Mathematics
12th Grade
CCSS covered
Used 7+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what is the main benefit of starting to plan for retirement early?
It is a requirement for old age.
It allows you to make your retirement what you want it to be.
It ensures you will travel more after retirement.
It is only necessary if you are already wealthy.
Tags
CCSS.RL.11-12.2
CCSS.RL.9-10.2
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RI.8.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Fifth Foundation mentioned in the text?
Invest in real estate.
Build wealth and give.
Save money for emergencies.
Plan for early retirement.
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does investing basically involve, as described in the text?
Spending money on luxury items.
Saving money in a way that earns money through compound growth.
Keeping money in a checking account.
Buying and selling stocks daily.
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.6.5
CCSS.RI.7.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the goal when you invest?
To decrease the value of your investments
To earn a positive return on investment (ROI)
To ensure no risk is involved
To have immediate access to your money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does an investment's risk-return ratio help you understand?
The amount of time it takes to double your investment
How to eliminate risk entirely
How risky the investment is compared to the return you can expect
The exact amount of return you will receive
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what is generally true about liquid assets?
They offer a higher return because they are more risky
They can easily be sold and turned into cash
They are not very important for building wealth
They grow very much over time
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.6.5
CCSS.RI.7.5
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did Jack end up with a ton of money for retirement?
Because he invested in high-risk assets only
Because he waited until the last minute to invest
Because he had money, time, and investments that provided a solid return
Because he kept all his money in liquid assets
Tags
CCSS.HSF.IF.A.2
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