
Fin Lit Mod 7-9 Review
Authored by Timothy Thorley
Financial Education
9th - 12th Grade
Used 4+ times

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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An asset is something that you________, for example, your house or car.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a Traditional and Roth IRA?
A traditional IRA's contributions are not taxed until you withdraw them at retirement. A Roth IRA's your contributions are taxed when you invest.
A Roth IRA's contributions are not taxed until you withdraw them at retirement. A Traditional IRA your contributions are taxed when you invest them in.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account will your employer often "match" your contributions?
Traditional IRA
401K
Roth IRA
Pension
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which has less risk?
Bonds
Stocks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Ralph invest $1000 dollars at 6% interest, how long will it take him to double his money?
21
12
6
24
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Earning interest on interest is called
Extra interest
Inflation interest
Simple interest
Compound interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The "time value of money" means that
money paid out today is worth less than if the money is paid out in the future
money received today is worth more than the same amount of money received in the future
the more time a person has to save, the lower the return on the money
the longer money is held, the less likely it will be spent
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