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WorksheetsWealth Management Assessment #2
Total questions: 25
Worksheet time: 38mins
When the costs of goods and services go up what happens to the needs of the consumers?
Needs go up
Needs go down
The needs are a part of the goods
The goods are a part of the needs
Prices stabilize
The law of ______ and ______ has inverse relationship to each other but nevertheless drive the economy.
(YES THEY MUST BE SPELLED CORRECTLY IN ORDER FOR YOU TO GET CREDIT)
You do not need to put in the word 'and' in your answer, just the words
(a)
What is an example of bad credit
Bonds
CD's
Money Market
Savings
Cards
A CD stands for?
Certificate of Deposit
Certification of Debt
Clarification of Debauchery
Compact Disc
Certification of Deficit
Which type of service would give you the most out of your deposited money?
CD
Savings
Money Market
Credit Card
The 17th Century is what time period?
1400's
1500's
1600's
1700's
None of these
What century are we in now?
19th
20th
21st
2023rd
Twenty Second
T/F - Stocks are considered gambling.
True
False
What's a gamble
Part of an investment
Stocks go up and down
When you gamble it is
A 0 Sum game
Moving money from one hand to another
Typically when the house wins
All of the choices
None of the choices
Get rich quick schemes (worth 10 points)
Advance Fee
Pay up front for money later
Pump and Dump
Worthless item to go up and down
Ponzi
Pay early investors with new investor money
Pyramid
Multi-level marketing from outside customers
Coaching
Promise to pay for knowledge
An economy where government controls the imports of goods.
mercantilism
comparative advantage
laissez-faire
invisible hand
governmental economic product
An economy where the goods are made and sold inside that country.
mercantilism
comparative advantage
laissez-faire
invisible hand
governmental economic product
An economy where the individual business controls their own destiny without government involvement.
mercantilism
comparative advantage
laissez-faire
invisible hand
governmental economic product
An economy where goods are priced at a point where the market is in equilibrium.
mercantilism
comparative advantage
laissez-faire
invisible hand
governmental economic product
Who said, "The sum of the individual decisions, wanting to be better off, will make the country prosperous overall." ?
Adam Smith
Grandpa Morris
Jason Dinter
Alan Greenspan
Ronald Keyes
Who said, "If you can't pay for it in cash, you can't afford it." ?
Adam Smith
Grandpa Morris
Jason Dinter
Alan Greenspan
Ronald Keyes
Who said, "Get Rich Slowly." ?
Adam Smith
Grandpa Morris
Jason Dinter
Alan Greenspan
Ronald Keyes
What does it NOT mean when talking about compound interest.
You build interest on interest
Longer money invested
Growth accumulated over time
Guaranteed rate of return no questions asked
Who got caught for a Ponzi scheme in 2008?
Adam Smith
Bernie Ebbers
Bernie Madoff
Alan Greenspan
Ronald Keyes
When the Nigerian Prince comes to offer you a lump sume of $1billion US pounds and all you need to provid is a form of payment to wire the funds along with your monthers madden name and your security social number, well at least the last 4 nombers of it and you will be handsumly rewarded with those monies as soon as possible and may the lord bless you with all of his heart so that you can resieve the monies right away as it is held in a bank that only you can help by bringing monies in so that the lord will bless all of us and ensure your happiness.
Advance Fee
Pump & Dump
Ponzi Scheme
Pyramid Scheme
Coaching Scheme
Marx's theory is based on labor while Smith's theory is based on market stability.
Marx's theory is considered (a)
Smith's theory is considered (b)
Who said, "The 8th Wonder of the World is compound interest. He who understands it earns it. He who doesn't, pays it" ?
Albert Einstein
Grandpa Morris
Jason Dinter
Alan Greenspan
Ronald Keyes
What is NOT a way to avoid fraud:
Ask questions
Research investments thoroughly
Determine if you are willing to take the risk of losing your investment
Conduct a background check on requesting company / organization / individual
Ensure you can deposit the money quickly to get an ROI
What calculation is this?
A=P(1+R/N) NT
Compound Interest Calculator
Compound Loan Calculator
Compound Price per Earnings
Government Gross Domestic Product
Government Gross National Product
Where can you get a simple calculator to find out compound interest.
SSA.gov
Investor.gov
SEC.gov
Whitehouse.gov
IRS.gov
