F24TH - Saving and Investing

Which of these statements about savings accounts is NOT true:

• Most are insured up to $250,000
• They are low risk
• They are a good place for an emergency fund
• They earn a good Return on Investment

What is the most that you can contribute to an IRA each year:

• $22,500
• $6,500

What is the most that you can contribute to a Roth each year:

• $22,500
• $6,500

What is the most that you can contribute to a traditional 401(k) each year:

• $22,500
• $6,500

If you want to contribute more than $6,500 each year to a Roth or IRA, you can:

• Open a savings account
• Open a checking account
• Contribute money to a 401(k), then withdraw the money and invest it in a Roth or IRA.
• Contribute money to a 401(k), then convert the money to a Roth or IRA.

In a limited partnership, who is liable for obligations of the partnership?

• Only the limited partners
• Only the general partners
• Both the general partners and the limited partners
• None of the partners are liable for obligations of the partnership

What is ACRS?

• A tax advantage created to encourage investment in public education
• A method of depreciation that lets investors reduce the depreciation expenses
• A method of depreciation that lets investors increase the depreciation expenses
• None of these

Which of these is NOT a good place to put your money if you want to earn a good return:

• Stocks
• Bonds
• Savings Account
• Investing

Returns from stocks can come from which of these:

• Income generated by the investment
• Increases in the market price of the investment
• Either of these
• Neither of these

Generally, the greater the risk, the potential return:

• Is greater
• Is smaller
• Stays the same