Savings and Investments Quiz

Savings and Investments Quiz

9th - 12th Grade

22 Qs

quiz-placeholder

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Savings and Investments Quiz

Savings and Investments Quiz

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Shequera Sherman

Used 48+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A portion of your income that you do not spend on your current needs, but instead set aside for future needs.
Collateral
Discretionary Income
Savings
Net Worth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The phrase "pay yourself first" means to
Treat yourself to something you want before spending any other money.
Set money aside for your Christmas savings fund.
put at least 10% of your income in a savings account before spending any money.
Make sure all of your bills and other expenses are paid before saving money.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Most Americans have an emergency fund and money saved for retirement
True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The power of compound interest works BEST the longer an investment is allowed to grow
True
False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A savings account should be used for daily purchases
True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If you deposit $200 into a CD @ 1% for 3 years, how much simple interest will you earn ?
$1
$5
$6
$35

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Experts recommend you save money in an "emergency fund." Which of these represents an expense where the emergency fund would be particularly useful?
Monthly rent
$150 speeding ticket
Occasional fancy dinner or vacations
Car insurance

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