WorksheetsFinancial Literacy Basics for teenagers
Total questions: 5
Worksheet time: 4mins
Name
Class
Date
1.
A mutual fund is a managed portfolio of many different stocks
a)
True
b)
False
2.
An index fund or Exchange Traded Funds (ETFs) is a to match the performance of a group of companies
a)
True
b)
False
3.
Even with all of the recessions and expansions of recent and distant past, diversified stock holdings like mutual funds, index fund/ETFs have earned about a 7% real annual rate of return.
a)
True
b)
False
4.
An asset earning 3% annually will double in value in 23 years, but an asset earning 7% will double value every 10 years.
a)
True
b)
False
5.
Financial Literacy Checklist:
1. (a) Earning through a budget
2. Save to build up (b)
3. Put together a (c) financial plan
4. (d) expenses and liabilities
Choose from the below words
maximize
assets
diverse
limit
increase
100 %
