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Savings Quiz

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

At what age can you start withdrawing money from your retirement plan without incurring a penalty.

a)

59 1/2

b)

60

c)

62

d)

65

2.

Which retirement plan is offered by a corporation to its employees.

a)

401K

b)

403B

c)

457

d)

757A

3.

A 401K is also a _____.

a)

defined contribution plan

b)

defined benefit plan

c)

pension

d)

IRA

4.

The ___ is a retirement for people who work for themselves.

a)

SEP

b)

IRA

c)

401K

d)

403B

5.

Which of the following retirement plans is not tax-defered.

a)

Roth

b)

Traditional IRA

c)

401K

d)

403B

6.

A high-risk speculative investment that investors anticipate will rise in value based on the interest of others.

a)

collectible

b)

stock

c)

bond

d)

annuity

7.

Low-risk investment.

a)

CD

b)

Mutual fund

c)

Stock

d)

Junk Bond

8.

Regulates the buying and selling of stocks and other securities.

a)

Securities and Exchange Commission

b)

Federal Reserve

c)

U.S. Treasury

d)

U.S. Mint

9.

Nickname for money.

a)

Green back

b)

Moolah

c)

Kwan

d)

Blue back

10.

Putting money into a savings account before paying expenses.

a)

Pay yourself first

b)

Pay yourself last

c)

Budgeting

d)

Goal setting