PRACTICE QUIZ

1. ___________ is a short-term option to put aside money that allows one to save money through a bank account, CD, or a money market account.

• Saving
• Roth IRA
• Traditional IRA
• Social Security
• Pension

2. ____________ is referred to as "interest on interest" or the interest on the amount already accrued.

• Compound Interest
• Roth IRA
• Traditional IRA
• Social Security
• Pension

3. ____________ A type of retirement account that is sponsored by an employer and is contributed by an employee out of their paycheck.

• 401K
• Roth IRA
• Traditional IRA
• Social Security
• Pension

4. ____________ A pessimistic (negative) trend in the stock market.

• Bear Market
• Roth IRA
• Traditional IRA
• Social Security
• Pension

5. ___________ is a government program provides benefits to those retired or disabled from a pool of money paid through taxes.

• Social Security
• Roth IRA
• Traditional IRA
• Pension
• 401K

6. ___________ is an investment that is a portion or share of a company. This type of investment is riskier.

• Stock
• Roth IRA
• Traditional IRA
• Social Security
• Pension

7. ___________ A type of investing that trades stocks quick.

• Day Trading
• Roth IRA
• Traditional IRA
• Social Security
• Pension

8. ___________ A long-term option to set aside money that allows one to save money through stocks, bonds, mutual funds, and more.

• Investing
• Roth IRA
• Traditional IRA
• Social Security
• Pension

9. ___________ A type of retirement account that allows tax-free withdrawings at the time of retirement. Contributions are after-tax dollars. (best for those in a higher tax bracket)

• Roth IRA
• Traditional IRA
• Social Security
• Pension
• 401K

10. ___________ An optimistic (positive) trend in the stock market.

• Bull Market
• Roth IRA
• Traditional IRA
• Social Security
• Pension