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Personal Finance - Unit 4 Review

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.
  1. an amount of money that is set aside to be used for a future purpose (short term goals)

a)

Savings

b)

Interest

c)

Wealth

d)

Inflation

2.
  1. putting money to use in a venture that offers the possibility of growing in value as interest, income, or increased value.

a)

Savings

b)

Investing

c)

Wealth

d)

Inflation

3.
  1. The value of all the assets of worth owned by a person, community, company, or country.

a)

Savings

b)

Investing

c)

Wealth

d)

Assets

4.
  1. the decline of purchasing power of a given currency over time.

a)

Inflation

b)

Deflation

c)

Liability

d)

Rate of Return

5.
  1. payment received in return for use of your money.

a)

Stock

b)

Dividends

c)

Rate of Return

d)

Earned Interest

6.
  1. share of profits some companies pay to their stockholders

a)

Earned Interest

b)

Stock

c)

Dividends

d)

Assets

7.
  1. something of value that can be turned into cash

a)

Savings

b)

Investments

c)

Asset

d)

Wealth

8.
  1. degree to which an asset gains or loses value over a given period of time

a)

Rate of Return

b)

Wealth

c)

Investing

d)

Diversification

9.
  1. uncertainty of achieving a desired result

a)

Liability

b)

Stocks

c)

Savings

d)

Risk

10.
  1. helps to raise money to run a business

a)

Stocks

b)

Investments

c)

Wealth

d)

Inflation

11.
  1. Invest in different types of investments

a)

Liability

b)

Diversification

c)

Savings

d)

Rate of Return

12.
  1. something owed to another person

a)

Earned interest

b)

Liability

c)

Wealth

d)

Risk

13.

True or False: Three steps to build wealth include:

1) Having enough income to invest

2) Make a plan

3) Put money to work by investing

a)

True

b)

False

14.

True or False: The best time to start investing is after working on a job full-time for at least five years.

a)

True

b)

False

15.

True or False: Most wealthy people have gained their fortunes by winning the lottery or inheriting a large sum of money.

a)

True

b)

False