What is the first step in building wealth?

Which of the following is NOT an excuse given for why people don’t save their money?

_______________ is the long-term strategy for building wealth.

What is the third step in building wealth?

What is the second step in building wealth?

How many years will it take an investment to double if invested at 9%?

Calculate simple interest on a principal of $7,700 at 6% interest after 2 years?

Calculate simple interest on a principal of $2,900 at 7% interest after 1 year?

Calculate simple interest on a principal of $3500 at 3% interest after 1 year?

____________________is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

How many years will it take an investment to double if invested at 8%?

Calculate simple interest on a principal of $8700 at 4% interest after 1 year?

Calculate simple interest on a principal of $1400 at 2% interest after 1 year?

Calculate simple interest on a principal of $300 at 5% interest after 1 year?

Which type of savings account has a set term length, and you cannot withdraw your money before that date without incurring penalties?

Which type of savings account requires a high balance to avoid fees?

Which type of savings account typically has the lowest interest rate?

When the price of goods and services rises at a higher rate than your money is a condition known as

The FDIC insures money deposited at banks and credit unions up to _______________.

.

Which of the following is NOT a reason put money in a savings account?

Which of the following is NOT true about savings accounts?

Investing is for long-term

It is riskier to have all your money in one investment than it is to spread your money over several different investments.

The lower your risk, the higher your potential reward.

Savings accounts are riskier than stocks.

Some investments are riskier than others.

Investing is spending money with the expectation of making a profit.

Uncertainty over investments is known as risk.

The safest way to invest is to keep all your money in safe investments.

__________________is ownership in a corporation.

Which type of bond has the most potential for reward?

Identify the investment: the investor loans money to a city or county government, or a company money is repaid after a certain date, plus interest is paid generally considered a safe investment, although not insured by the FDIC

When most adults think about investing, they think about _____________.

Which of the following is NOT a commodity?

Which of the following is NOT a risk when investing in real estate?

A profit earned from owning stocks is known as

__________________.

Identify the investment:

*Risky Ownership in a corporation *Pays dividends *Can double your money quickly, but you can also lose your entire investment

A profit earned by owning stocksis a dividend

Who can assist you in purchasing real estate?

Which type of investment reduces your risk and diversifies your portfolio by spreading your money out over several companies’ stock?

Oil, grain, and gold are all examples of which type of investment?

Which type of investment is very similar to mutual funds, but can be less expensive and traded during the day?

A stock with a high beta value means that it is highly volatile.

The best time to buy stocks is when its price is close to its 52-week high.

All stocks pay dividends twice a year.

Stock prices on financial websites are updated at 12:00 midnight.

Which of the following is NOT one of the main stock indices tracked by Yahoo! Finance and other financial websites?

Oil is an example of a commodity.

Stock price is the total value of all a company's outstanding shares of stock.