Investing Assessment

Investing Assessment

11th Grade

25 Qs

quiz-placeholder

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Investing Assessment

Investing Assessment

Assessment

Quiz

Life Skills

11th Grade

Medium

Created by

Elizabeth Walley

Used 1+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which represents the best time to start saving for your retirement?
At age 45, so you have exactly 20 years until retirement
Right after you pay off your student loans
As soon as you graduate and have your first full-time job
Once you are debt-free, including paying off all credit cards, auto loans, and your mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Why is investing a better option than saving when it comes to planning for retirement?
Investing begins as soon as you open a bank account, so you can start early in life.
Investing usually has lower interest rates, so it offers a better deal.
The stock market historically has returns higher than the rate of inflation, so your money can actually grow.
Investing is guaranteed to produce the large sum of money needed for a happy retirement.

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

A commonly used strategy to minimize investing risk is...
Investing only when a stock's value is rising
Diversifying across asset classes and within each asset class
Hiring an investment manager who promises to provide the largest returns
Investing in only one company

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of the following is TRUE about investing?
It guarantees a high rate of return over a short period of time.
It is meant for achieving short-term financial goals.
It involves little risk because your returns are insured up to $250,000.
It can help you grow your money through the power of compounding.

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of the following explains why risk is not always bad when it comes to investing?
Gains realized from higher-risk investments are untaxed.
As risk increases, so does the possibility of greater returns.
Robo-advisors eliminate all risk.
Insurance will cover your investing losses.

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

All of the following should be considered when creating your investing strategy EXCEPT...
Your credit score
The amount of time your money will be invested before you start drawing from it
Your risk tolerance
The amount of capital you have available to invest

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Ben is 24 and wants to start saving for retirement. What can he do to set himself up for success?
Delay his expected retirement age by 20 years
Wait until his 30s to start investing
Invest 10-15% of his monthly salary
Invest primarily in low-risk investments like bonds

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