Font size
WorksheetsSavings and Investments
Total questions: 25
Worksheet time: 14mins
Savings accounts are considered high risk!
True
False
Abner puts $200 into his savings account The bank pays 2% interest per month. How much money does Abner earn in interest each month?
Which of the following is an investment?
getting a loan
renting a home
buying a home
buying new shoes
There are some common ways of saving in the bank except
Saving account
Fixed deposit account
Shares
Current account
Which account can be used for business purposes?
Current account
Saving account
Fixed deposit account
The types of investment except
Shares
Unit Trust
Real estates
Saving account
Which investment will receive the return in the form of rent?
Real estate
Shares
Unit trust
What is compounding interest?
interest that's not calculated on a regular basis
interest that doubles the principal of an account
interest gained only on the principal of an account
interest that's added to the principal of an account
An investment that is not subject to taxation
tax deferral
inflation risk
taxation risk
tax-exempt
A measure of how quickly an asset can be turned into cash
diversification
liquidity
market timing
A debt instrument issued by a corporation or government
portfolio
stock
bond
estate
Unplanned or possible events
contingencies
bear markets
foundations
emergency funds
Any place where investments are bought and sold
estate
financial market
bull market
bear market
Holding a variety of investments for the purpose of reducing overall risk
investment tracking
portfolio
emergency fund
diversification
Which is a common excuse for not saving money.
There's no money left at the end of the month.
I need those shoes! (Or whatever it is you want.)
Saving is for old people, like my grandparents.
I have plenty of money to save, but I just don't want to.
What statement best describes the idea of "Paying yourself first"
Pay bills first and then save money.
Pay at least one bill and then save money
Save money before you pay any bills or spend money.
It means pay whatever comes first.
How many months should adults have saved for emergencies?
6 Months
1 Month
3 Months
4 Months
True or False, Interest Interest can help people accelerate their savings.
True
False
Using the I=prt, calculate the interest on a savings opportunity with $1,000 principal. 3% interest rate, for a year.
$130
$30
$15
Using the formula 72/interest rate, calculate the time it will take for an investment to double with a 4% interest rate.
22 years
6 years
18 years
A type of savings account that earns a higher interest rate than a traditional savings account, but usually requires a higher balance, and often earns more money the higher the balance, best describes what type of account?
Traditional Savings
Money Market
Certificate of Deposit
