What is a bond?

saving and investing

Quiz
•
Social Studies
•
7th Grade
•
Medium
James Samaha
Used 34+ times
FREE Resource
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A. A legal agreement to perform a service for a specified amount of money.
B. An IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.
C. A fee received for providing financial advice.
D. A commitment to set aside a portion of one's earnings for retirement.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a financial institution do?
A. Issues government bonds exclusively.
B. Provides money-related services.
C. Offers free financial education to the public.
D. Prints and distributes currency.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest?
A. The principal amount of a loan.
B. A fee paid for the use of money.
C. The total amount of money saved over a year.
D. A tax on financial transactions.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to invest?
A. To save money in a checking account.
B. To purchase items for personal use.
C. To commit money to gain a profit or earn interest.
D. To lend money to friends and family.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "pay yourself first" mean?
A. To spend money on personal luxuries before paying bills.
B. To lend money to oneself.
C. To automatically save a specified amount from a paycheck for future use.
D. To prioritize paying off personal debts before other expenses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a MUTUAL FUND?
A government-issued savings plan.
A collection of stocks or bonds of various corporations.
A private investment club.
A type of insurance policy.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does OPPORTUNITY COST mean?
The cost of starting a new business.
The interest rate on a loan.
The next best alternative given up when making a financial choice.
The expenses incurred while investing.
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