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CFM MP1 Review

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

According to the learning objectives shown, which of the following specifically focuses on a process that “builds wealth over time”?

a)

Defining investing and distinguishing it from saving and trading

b)

Identifying reasons for investing, including outpacing inflation

c)

Analyzing how compounding builds wealth over time

d)

Experiencing making a variety of investment decisions through an interactive simulation

2.

What are the two guiding questions students should consider when reviewing the infographic titled "A Simple Introduction to Investing"?

a)

What is investing? How is it different from saving?

b)

How much money should you invest each month? What is the best stock to buy?

c)

What is the history of the stock market? How do banks make money?

d)

How can you avoid all financial risks? What is the safest investment option?

3.

Complete the reasoning for why investing is presented as a more powerful tool to build long-term wealth than saving.

a)

it has the potential to grow more over time, supporting long-term wealth building

b)

it always guarantees no risk of loss

c)

it requires less knowledge than saving

d)

it is the only way to manage money

4.

Which statement best applies the slide’s idea that investing can be a more powerful tool for long-term wealth than saving?

a)

Choosing a savings account for a goal 10 years away because balances never change

b)

Placing money under a mattress to avoid bank fees

c)

Investing regularly over many years to benefit from growth for long-term wealth

d)

Withdrawing funds frequently to avoid market ups and downs

5.

Which pairing of goal and method best aligns with the concepts of risk and return discussed?

a)

Saving for a car needed in three months using a high-risk stock portfolio

b)

Investing for retirement 30 years away to pursue higher potential return

c)

Keeping long-term college funds only in cash to avoid all risk

d)

Day-trading to fund next week’s groceries

6.

Match each investing motivation with its specific description from the slide.

a)

Build Wealth

1.

Investing typically has higher rates of return than saving and lets you harness compounding so your money grows faster.

b)

Beat Inflation

2.

Investing helps your money counteract the roughly 2% per year loss of purchasing power so it doesn’t lose value over time.

c)

Passive Income

3.

Returns from stock dividends, bond yields, or selling at a profit can be used as money without working.

7.

Which statement best explains how investing helps you build wealth?

a)

Investing guarantees profit regardless of market conditions.

b)

Investing typically has higher rates of return than saving and lets you harness compounding returns so money grows faster.

c)

Investing prevents any risk by keeping money in cash.

d)

Investing is only useful for short-term purchases.

8.

Inflation means your money has less _______ as time goes on, with the purchasing power of a dollar decreasing about 2% per year as prices increase.

a)

buying power

b)

weight

c)

interest

d)

value in gold

9.

Which two statements describe how investing helps you beat inflation? Select both.

a)

Investing guarantees that prices will stop rising.

b)

Investing helps your money counteract inflation so it doesn’t lose value over time.

c)

Investments can grow faster than the rate of inflation.

d)

Investing eliminates taxes on gains.

10.

Which of the following are examples of how investments generate returns?

a)

Stock dividends or selling at a profit

b)

Lottery winnings and gifts

c)

Paychecks from a job

d)

Coupons and store discounts

11.

Which TWO tasks are you asked to do before sharing?

a)

Learn about reasons to invest and disadvantages of savings accounts

b)

Calculate compound interest for a specific investment

c)

Discuss with a partner how starting to invest early could impact your financial future

d)

Watch a movie about investing

12.

What is the stated purpose of the video titled "Understanding Compound Interest"?

a)

To teach how to open a savings account

b)

To take a closer look at what compound interest is and how it works

c)

To compare different stock-picking strategies

d)

To explain the history of banking

13.

You can build wealth through investing by using the power of _______.

a)

compound interest

b)

inflation

c)

depreciation

d)

taxation

14.

All of the following are reasons to invest, EXCEPT…

A) To minimize the impact on inflation, which causes you to lose purchasing power

B) To earn a consistent rate of return with lower risk than typical savings accounts

C) To build wealth by reinvesting your returns and allowing them to compound

D) To earn higher average rates of return than you would in a typical savings account

a)

To minimize the impact on inflation, which causes you to lose purchasing power

b)

To earn a consistent rate of return with lower risk than typical savings accounts

c)

To build wealth by reinvesting your returns and allowing them to compound

d)

To earn higher average rates of return than you would in a typical savings account

15.

Which of the following statements BEST describes investing?

A) Putting $100 per month into an FDIC-insured bank account for short-term goals

B) Buying and selling stocks within the same day to take advantage of short-term price variation

C) Reducing the purchasing power of your money over time

D) Buying assets, like stocks, with the intention to hold

a)

Putting $100 per month into an FDIC-insured bank account for short-term goals

b)

Buying and selling stocks within the same day to take advantage of short-term price variation

c)

Reducing the purchasing power of your money over time

d)

Buying assets, like stocks, with the intention to hold