A type of growth investment

Earning interest on previously earned interest plus the principal amount

Spreading your money among different savings and investments

A system where the public can buy or sell stock shares

Something of value that can be changed

The time value of money can best be explained using which one of the following concepts?

Rachel has money saved and invested several ways with a goal to grow her money at a rate higher than inflation. What is the historical long-term annual average rate of inflation?

As Rachel decides how to invest her money, which one of the following options is most likely to grow at a rate higher than inflation?

Monica starts a mutual fund with $500 and adds $500 to her mutual fund every year for another nine years. Ross decides to wait 10 years so he can save up a lump sum of $5,000 to invest at one time in a mutual fund. If both Monica and Ross earn on average of 7 percent APY, who will have the larger mutual fund balance in 20 years?

Given the same principal amount and interest of 1.3 percent APY for all options below, which option will earn the most interest over three years?

The basic rule of a risk-to-return relationship is that …

Chandler isn’t willing to take much risk with his money as he sets money aside to use when he buys a car next year. Which one of the following types of investments potentially has the lowest investment risk while also growing in value?

Phoebe just received a promotion with a nice raise. She has her spending plan under control, so she decides to adjust her long-range investing plan now that she can take on more investment risk. Which one of the following types of investments potentially has the highest risk and is most likely a higher rate of return for Phoebe?

Which statement below is true about mutual funds?

Which one of the following is not an example of investing?

Which of the following investment options has the HIGHEST potential for return?

Which of the following investment options has the highest RISK?

If you buy Hershey stock, you share ownership in the company and you can vote on the types of chocolate that will be produced.

Three steps to build wealth include 1) Have enough income to invest, 2) Make a plan, and 3) Put money to work by investing.

Minors have to wait until they are adults before they can buy stocks and bonds.

The best time to start investing is after working on a job full-time for at least five years.

Although he is only 17, Sean can invest in a retirement fund because he earns income from his summer job at the health club.

Most wealthy people have gained their fortunes by winning the lottery or inheriting a large sum of money.

_______ is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market and may consist of letters, numbers or a combination of both.

What is a financial windfall?

Which of the following is not an Income Investment?

The general increase in prices and the fall in the purchasing power of money is called

Pete sets aside $50 each month from his earnings to have money for a car down payment. Of the following choices, what is the best way for him to store the money each month until he meets his goal for a down payment?

What is one benefit to using a checking account that is not a benefit of using a savings account?

After you write and sign your check, who can legally cash the check?

Who is responsible for confirming your bank account balance?

You have searched everywhere for your debit card. You think it may have been stolen. Of the following actions, what is the best thing to do now?

You can do all of the following with online banking except which of the following banking actions?

Which of the following would be a good reason to use online banking?

You received a text message from your favorite music store. The message says, “We are offering a special half-price-off sale for our frequent customers.” When you return the message, you are told that you can only get the discount if you order by phone. You have been thinking about buying speakers, and this is a good deal to cut down on the cost. Of the following, which is the best action you should take?

As you scroll through your recent email messages, you are alarmed to see a message that your debit card is no longer valid. The message includes a web link where you can confirm information to reactivate your card. This may be an instance where you have been a victim of

If you fill out your check clearly and completely, a sales clerk must accept your check for payment.

If you write the wrong payee name while writing a check, it’s OK to neatly cross out the wrong information and add the correct name in your own handwriting.

When you use a debit card, you give your bank permission to immediately remove money from your bank account.

You can replace a lost unused gift card by requesting a replacement card from the same business.

Credit unions and banks provide the same types of financial services.

Which of the following is NOT covered by insurance?

Young adults in their 20s and 30s account for what percentage of new-long-term disability claims?

Auto insurance covers replacement costs of any personal items stolen out of your car.

While driving, you and your passenger were injured in a car crash. Your insurance will cover both your and your passenger's medical expenses.

If someone else driving your car causes an accident, your insurance company is not responsible for damage costs.

If you are injured while a passenger in someone’s car, the first thing you should do after the accident is fill out an insurance claim form before you forget what happened.

If, due to an accident, your family vehicle is unavailable to drive, your insurance company will pay for a rental car to drive to and from work while your car is in a repair shop.

Which of the following is a requirement when purchasing auto insurance in all states?