Unit 7 Test - Savings, Investments, & Insurance

Which of the following is NOT a key factor of investing?

• Interest
• Timeline
• Goals
• % Return
• Risk

Investing is a high risk AND low reward situation.

• True
• False

What are stocks?

• like lending money to the government
• full set of stocks that are automatically diversified
• tangible assets with value
• small shares of ownership in a company

What is a collection of investments managed by experts called?

• Mutual Fund
• Index Fund
• Property
• Bonds

How many different types of retirement accounts are there?

• 1
• 2
• 3
• 4

Who sets up your 401k?

• You
• The Government
• Your Employer

What does insurance minimize?

• the impact of risks

• your monthly payments
• your life choices
• the price of your valuables

What is a contract that lays out your insurance plan called?

• coverage
• claim
• premium
• policy

What do you call the person who receives the money from insurance?

• rider
• child
• beneficiary
• loved one

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What kind of insurance protects you from death and sickness?

• life and health
• property and casualty
• auto and dental
• homeowners