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Worksheetsinvestment and savings
Total questions: 24
Worksheet time: 8mins
which of the following is not an investment?
wage
property
stocks
shares
investments are:
short term
long term
if you buy a part of a company it is called:
share
dividend
patent
is property an investment?
true
false
the landlord who owns the property will charge the tenants:
tax
revenue
rent
council tax
if you save money in the bank, you get additional money called (a)
there are some common ways of saving in a bank except:
savings account
fixed deposit account
shares
current account
which account could be used for business purposes?
current account
savings account
fixed deposit account
the examples of investing in real estate except
Hannha buying a shop to start a business
Ali buying a bungalow
Rohit buying a car
Kunal buying a seven hectare land
what are the disadvantages of barter system?
lack of double coincidence of wants
problem of storing wealth
lack of divisibility
all of the above
when you get your first commission you should;
spend it all because you have earned it
spend a lot and then save a little
first save and then spend a little
none of the above
when you compare prices:
you should buy the item which is expensive and has a good quality
you should buy the item which is cheap and has a good quality
which is not a characteristic of money?
durability
divisibility
limited supply
none of the above
how can we develop financial habits?
automate your finances
get on a budget but don't stick to it
live below your means
spend all your money
which thumb rule helps in estimating how much your wealth will be worth in 10 to 20 yeras?
rule of 70
rule of 144
rule of 114
none of the above
which is not an example of passive income?
writing a book
creating a course online
working from 10am-6pm
making a YouTube channel
An amount of money paid by a company regularly to it's shareholders
Profit
Bonds
Dividends
Cash back
which is not a way to earn passive income through real estate ?
apartment buildings
self storage facility
single family units
drop shipping
through passive income you get more financial stability and you can retire early
true
false
what is not a good financial habit?
spend more than you earn
continuously pay down debt
keep looking for new earning opportunities
invest in yourself
financial planning is a ____ not a product
activity
assignment
process
the rule of 72 is used to find out how long it will take for
investments to double
investments to increase
debt to double
Albert Einstein referred to it as the 8th wonder of the world
simple interest
compound interest
wall of china
taj mahal
what do you mean by Pay Yourself First
pay your friends back the money you own them
pay a loan back with interest to the bank
put money aside in a savings account for future use
spend all of your money or majority of it on your wants
