Investing - Unit Test

Investing - Unit Test

36 Qs

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Investing - Unit Test

Investing - Unit Test

Assessment

Quiz

others

Practice Problem

Hard

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36 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

First Name:

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

30 sec • Ungraded

Last Name:

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

16. Katrina works for Penny's Pickles, which offers a 401(k) match for up to 3% of her salary, which is $65,000 per year. In her budget, she only has $150 per month available to save for retirement. What should she do?

Opt out of the 401(k) plan since she doesn’t have much to contribute; use the money elsewhere in her budget
Contribute $75/mo to her 401(k) and $75/mo to an IRA, so that she's diversified
Save the $150/mo in a bank account until she has enough to max out her 401(k), and then invest
Contribute the full $150/mo to the 401(k) because her company will match that full amount, "doubling" her investment every month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

17. A disadvantage of using a robo-adviser might be that…

You are charged higher fees than if a human fund manager adjusted your portfolio
You may not be able to get advice from a human financial advisor when you want it
You don’t have any input as to how your portfolio is invested
You’ll be put on a waitlist to use the robo-adviser since there are only a handful of them to choose from

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

18. Sam is 22, just started his first full-time job, and is selecting his investments through his company's 401(k) plan. Why might a target date fund (TDF) be a good option for Sam?

A TDF is actively managed by a fund manager but comes with low fees
A TDF buys a single stock and bond so that beginner investors can practice day trading
A TDF is insured by the federal government, so Sam's money is protected even if the fund performs poorly
A TDF will automatically adjust his asset allocation based on the retirement year he has chosen

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

19. What is one question an investor should ask when deciding whether or not they would like to open a Roth IRA or a Traditional IRA?

Do I want to make a guaranteed return of 6% or 8%?
Do I want to pay taxes now or later?
Do I want to take advantage of my employer’s matching contribution?
Do I want to take on more or less risk?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

20. Nancy is new to investing and is eager to get started. All of the following are things she should do EXCEPT...

Invest in a low cost index fund
Estimate how much she will need for retirement to determine how much she needs to invest each month
Pick individual stocks to see if she can beat the market
Invest in a diversified portfolio

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