WorksheetsJA FINANCE - Read pp 33-41 Saving and Investing
Total questions: 14
Worksheet time: 4hrs 30mins
What does "Pay Yourself First" (PYF) mean in terms of saving money?
Spending all your income before saving
Automatically saving a portion of your income for future use
Paying all your bills before saving
Investing all your money in stocks
Which of the following is a safe way to save money?
Investing in stocks
Putting money into a savings account
Buying real estate
Starting a business
What is a financial institution?
A place where you buy groceries
A place that helps people save and invest money
A type of insurance company
A government agency
Which of the following investment types is NOT guaranteed?
Savings account
Stocks
Bonds
Mutual funds
What is the main benefit of investing in stocks, mutual funds, or bonds compared to a savings account?
They are risk-free
They offer higher rates of return over time
They are easier to access
They have no fees
What is the primary purpose of a savings account?
To earn high returns quickly
To safely store money and earn interest
To invest in real estate
To buy stocks
Which of the following is NOT a type of financial institution?
Bank
Credit union
Grocery store
Investment firm
What is a common feature of savings accounts?
High-interest rates
Low-interest rates
No interest rates
Guaranteed high returns
Why might someone choose to invest in mutual funds?
They are risk-free
They offer a chance for higher returns than savings accounts
They require no initial investment
They are managed by the government
What does it mean to "invest your principal"?
To spend all your money
To put your initial amount of money into an investment
To save money in a piggy bank
To borrow money from a bank
What was the low price of Ford stock (F) for the day? See page 41
What was the 52-week high for Google (GOOG) stock? See page 41
Which stock had the largest trading volume for the day? See page 41
Which stock would you like to own? Why? See page 41
