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WorksheetsSaving and Investing
Total questions: 19
Worksheet time: 10mins
Kayla is considering whether to open a savings account or buy stock. Her financial advisor tells her that investing involves __________, but will help her money grow.
a down payment
risk
taxes
Savings accounts are _________, which means you can access your money quickly.
risky
safe
liquid
Fill in the correct terms to complete the description of Rebecca going through insurance claims process.
Rebecca’s husband died in a car accident. When she turns 67, she will receive her husband’s ________________.
401k account
Social Security benefits
certificate of deposit
Fill in the correct terms to complete the description of Rebecca going through insurance claims process.
Her children will also receive the same until they ________________.
graduate from high school
retire
become employed
The financial agency that sets monetary policy is _________________________.
The Federal Depository Insurance Corporation
The Federal Trade Commission
The Federal Reserve
The financial agency that insures bank deposits is ___________________.
The Federal Depository Insurance Corporation
The Federal Trade Commission
The Federal Reserve
Stock refers to a company's initial offering of shares.
True
False
A mutual fund is a small piece of ownership in a company.
True
False
The NASDAQ is a small piece of ownership in a company.
True
False
IPO refers to a company's initial offering of shares.
True
False
NASDAQ is a public stock exchange.
True
False
Stock is a small piece of ownership in a company.
True
False
Savings options would include a money market account and a promotional CD.
True
False
Investment options would include business ownership and bonds.
True
False
What are two ways someone could earn money on a real estate investment?
Residents pay to have the floors cleaned.
Owner could sell a property he or she fixed up.
Residents pay rent to the owner.
Owner could charge people that drive by the property.
Which savings account can a financial institution end or cancel?
money market account
youth savings account
credit union account
callable certificate of deposit
How much does your employer pay into the Social Security system on your behalf?
4.2 percent
8.4 percent
6.2 percent
12.4 percent
Lucretia deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Lucretia’s money can the bank lend?
$1,200
$2,000
$1,600
$400
What is compound interest?
the interest earned on the principal of an investment
the interest earned on a mutual fund
the interest earned on a loan
the interest earned on both the principal and interest of an investment or savings account
