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Unit 6/7 Review

Authored by Steven Colasuonno

Social Studies

9th - 12th Grade

Used 4+ times

Unit 6/7 Review
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The recommended starting point for an emergency fund is __.

$400

$1,000

$5,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After your starting point, what is recommended to have in your emergency fund?

$1,000

1 - 2 months living expenses

3 - 6 months living expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a certificate of deposit (CD) considered such a safe investment?

It has a high degree of liquidity

It is only issued by a savings bank

It pays a known rate of interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements about 401K plans is accurate?

It is the same as a 403b

Employees and employers can contribute to the account

Pension plans are replacing 401K plans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of interest allows an investor to earn "interest on interest?"

Simple interest

Developed interest

Compound interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An investment vehicle that combines your money with other investors that trades in diversified holdings and is professionally managed is a...

Preferred stock

Corporate bond

Mutual fund

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CD stands for...

Can of dirt

Celine Dion

Certificate of Deposit

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