U3L2 HW Intro on Quizizz

What are students expected to understand according to the SLO?

• How to use cell phones

• The importance of classroom rules

• What banks are and the services they provide

• The history of investing

What is one of the key characteristics of saving money?

• High risk

• Guaranteed interest

• High rate of return

• No risk of losing purchasing power

What is a potential downside of saving money?

• High risk

• Low interest rate

• High rate of return

• No risk of losing purchasing power

What is a key characteristic of investing?

• Safe with guaranteed interest

• Low risk

• Higher risk with potential for higher return

• No risk of losing purchasing power

What does investing involve?

• Putting money aside for future use

• Using savings to earn income

• Earning guaranteed interest

• Avoiding all risks

What is the primary purpose of a savings plan?

• To spend money on luxury items

• To put money aside to reach a financial goal

• To avoid paying taxes

• To invest in stocks

Which of the following is considered a short-term goal in a savings plan?

• Buying a house

• Retirement

• Concert tickets

• Starting a business

What do banks pay you for borrowing your money to loan to other people?

• Fees

• Interest

• Dividends

• Penalties

What does liquidity in a savings plan allow you to do?

• Invest in real estate

• Withdraw money quickly at any time

• Earn higher interest rates

• Avoid taxes

What is the main message conveyed by the graph titled "SAVE EARLY!"?

• Saving early leads to greater wealth accumulation.

• Saving later results in more money.

• Starting at age 40 is the best option.

• Saving has no impact on wealth.