
JA FINANCE - Read pp 33-41 Saving and Investing
Quiz
•
Financial Education
•
6th Grade
•
Practice Problem
•
Medium
Eric Henderson
Used 4+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What does "Pay Yourself First" (PYF) mean in terms of saving money?
Spending all your income before saving
Automatically saving a portion of your income for future use
Paying all your bills before saving
Investing all your money in stocks
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is a safe way to save money?
Investing in stocks
Putting money into a savings account
Buying real estate
Starting a business
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is a financial institution?
A place where you buy groceries
A place that helps people save and invest money
A type of insurance company
A government agency
4.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
Which of the following investment types is NOT guaranteed?
Savings account
Stocks
Bonds
Mutual funds
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the main benefit of investing in stocks, mutual funds, or bonds compared to a savings account?
They are risk-free
They offer higher rates of return over time
They are easier to access
They have no fees
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the primary purpose of a savings account?
To earn high returns quickly
To safely store money and earn interest
To invest in real estate
To buy stocks
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is NOT a type of financial institution?
Bank
Credit union
Grocery store
Investment firm
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