U3L7 HW Finance

U3L7 HW Finance

9th - 12th Grade

22 Qs

quiz-placeholder

Similar activities

Retirement and Investments

Retirement and Investments

10th - 12th Grade

20 Qs

Investing- Dave Ramsey

Investing- Dave Ramsey

9th - 12th Grade

24 Qs

401K

401K

10th Grade

20 Qs

Investing- Dave Ramsey

Investing- Dave Ramsey

9th - 12th Grade

20 Qs

Personal Finance

Personal Finance

10th Grade

20 Qs

Investing for Retirement

Investing for Retirement

10th - 12th Grade

20 Qs

Investing Concepts

Investing Concepts

10th - 12th Grade

20 Qs

Personal Finance Retirement

Personal Finance Retirement

10th - 12th Grade

20 Qs

U3L7 HW Finance

U3L7 HW Finance

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Darek Tillman

Used 4+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

An investment account where a person saves a portion of income for retirement. Not employer sponsored.

Social Security

401k

Mutual Fund

IRA

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The potential for loss when investing

Capital Gain

Risk

Return

Capital Loss

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Spreading your assets among several different types of investments

Will

Risk

Diversification

Allocation

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Investment where investors pool their money together to buy stock, bond, and other securities

Mutual Fund

Bond

Common Stock

Diversification

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Employer sponsored retirement savings plan funded by a portion of your salary

401k

Traditional IRA

Mutual Fund

Annuity

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

  1. Select the best definition of an IRA.

  1. a) An IRA is a tax-advantaged investing tool set up by individuals for retirement savings

  2. b) An IRA is a retirement plan offered to you by your employer

  3. c) An IRA is an investment type with a fixed rate of return

  4. d) An IRA is a retirement savings plan that guarantees a fixed rate of return

a

b

c

d

7.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

  1. Select all of the statements that are a true characteristic of a Traditional IRA. (hint: choose 2 correct answers)

  1. a) Any money you save into a Traditional IRA is tax deductible

  2. b) There is no limit on the amount of money you can contribute to a Traditional IRA

  3. c) You are taxed on the money in your Traditional IRA when you withdraw it in retirement (it is taxed as ordinary income)

  4. d) You never have to pay taxes when contributing money to a Traditional IRA

a

b

c

d

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?