WorksheetsQUIZ 2.1
Total questions: 20
Worksheet time: 9mins
A key difference between saving and investing is
Saving is for everyone, investing is for the wealthy
Your money is insured when investing, it is not in savings
Investing has a guaranteed return, savings does not
Saving is for emergencies & goals, investing is for long-term wealth
Which would be considered the highest risk investment type?
Stock
Mutual Fund
Bond
Money Market Account
The relationship between risk and return can be stated as
Higher risk indicates higher return
Higher risk indicates lower return
Lower risk indicates higher return
No relationship exists between risk and return
The face value of a bond is called
Principal
Coupon
Par Value
Maturity Date
Savings is a short-term commitment to meet unexpected shortfalls.
True
False
What is investing?
A short-term commitment to meet unexpected shortfalls. Helps meet short-term goals.
A long-term approach to watch your money grow. Helps you meet long-term goals.
The money that is borrowed from a bank or charged on a credit card is referred to as
Term
Principal
Interest
Installment
The percentage of money you pay to use (borrow) someone else's money.
Taxes
Prinicpal
Compounds
Interest
Interest that is only paid on the principal is called...
Simple Interest
Compound Interest
Standard Interest
A credit card is an example of which type of credit?
Revolving Credit
Installment Credit
Cash Loan
Service Credit
Electricity in your home is an example of which type of credit?
Revolving Credit
Installment Credit
Cash Loan
Service Credit
Withdrawing cash on your credit account is called...
Loan
Cash Advance
Micro-transaction
A Bad Idea
A fee for processing a loan is called...
Down Payment
Annual Fee
Origination Fee
Pre-Payment Penalty
A time period before interest starts accumulating on charged purchases.
Grace Period
Minimum Payment
Over-the-Limit Period
Free Period
Any person who is able to use your credit card, but is not legally responsible for the balance?
Cosigner
Joint Account Holder
Authorized User
Dependent
Any use of a credit card without the intent of repaying the money borrowed is called...
Gamesmenship
Credit Card Fraud
Hustling
Credit Card Theft
