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Worksheets

Trial

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

What is your COURSE?

a)

Financial Management

b)

NON- FM (HR / MM/ ENTREP)

2.
The simple interest formula is I=Prt.  The P represents the principal.  The principal is ___________________.  
a)
the amount of money borrowed or deposited
b)
the percent interest for his year
c)
the amount taxed
d)
the amount the bank owes you for being a customer at their bank
3.
To earn as much interest as possible, you should open a savings account that earns ______ interest and has the _____ interest rate.
a)
compound; lowest
b)
compound; highest
c)
simple; lowest
d)
simple; highest
4.

What is saving?

a)

Accumulation of excess funds by intentionally spending less than you make

b)

Cash set aside to cover the cost of unexpected events

c)

A monetary asset that contributes to your net worth

d)

Money available today that is worth more if received in the future

5.

What is emergency savings?

a)

Transferring money into your savings before you pay your bills

b)

Original amount of money saved or invested

c)

Cash set aside to cover the cost of unexpected events

d)

Maximizing your return by selling stocks at a higher price than what you paid for

6.

How much money should you save for emergencies?

a)

2 months worth of expenses

b)

6 months worth of expenses

c)

Cash in whatever stocks you have to pay for an emergency

d)

As a neighbor for a loan if needed

7.

How does time effect money?

a)

The more money you save the more you will make

b)

Saving for a short period of time proves long term investments

c)

The longer you save your money the more you will make

8.

What is investing?

a)

Possibility that an investment will fail to pay the expected return

b)

Money invested is usually used to pay for long-term goals

c)

Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss

d)

The danger that money won’t be worth as much in the future as it is today.

9.

Stocks are:

a)

A share of ownership in a company

b)

Organization pays interest to the lender

c)

Form of lending to a company or the government

d)

A specified time in the future when the principal amount of the bond is repaid to the bondholder

10.

What is a bond?

a)

A share of profits distributed in cash to stockholders

b)

A share of ownership in a company

c)

When an organization pays interest to the lender (purchaser) until the maturity date is reached

d)

A Form of lending to a company or the government

11.

Money invested is usually used to pay to:

a)

Achieve long-term goals

b)

For emergencies

c)

To purchase expensive items

d)

To pay off loans

12.

What is a check?

a)

An automated teller machine

b)

A plastic card that requires a pin number and is attached to your bank account

c)

A form of savings

d)

Pre-printed form of payment that is attached to you bank account

13.

Socio-Economic Status?

a)

LOW

b)

MODERATE

c)

HIGH