Personal Finance Review
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
20 questions
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1.
FLASHCARD QUESTION
Front
Who contributes to 401K’s?
Back
employees and employers
2.
FLASHCARD QUESTION
Front
Risk
Back
the potential for loss
3.
FLASHCARD QUESTION
Front
What happens if you withdraw money from your retirement account early?
Back
Amount withdrawn will be taxed at your current income tax rate & you may pay a penalty.
4.
FLASHCARD QUESTION
Front
What is the best type of investment for someone nearing retirement? Options: stocks, mutual funds, bonds, real estate
Back
bonds
5.
FLASHCARD QUESTION
Front
Who contributes to IRA’s?
Back
individuals only
6.
FLASHCARD QUESTION
Front
How can you earn more money from a bank despite low interest rates? Options: an interest-bearing checking account, a savings account, a CD (certificate of deposit), skip the bank & put the money under the mattress.
Back
a CD (certificate of deposit)
7.
FLASHCARD QUESTION
Front
When is the best time to start planning for your retirement?
Back
as early as possible & by your early 20s
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