Personal Finance Chapter 3 Lesson 5
Quiz
•
Other
•
11th Grade
•
Medium
Steve Wills
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Fourth Foundation?
Pay cash for college
Invest in stocks
Take out loans for college
Save for retirement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Fifth Foundation?
Pay off all debts
Build wealth and give
Save for large purchases
Invest in real estate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key to building wealth?
Having a high salary
Investing consistently for years
Winning the lottery
Inheriting a large sum of money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between saving and investing?
Saving is for short-term goals, while investing is for long-term goals
Saving is for retirement, while investing is for college
Saving is for emergencies, while investing is for vacations
Saving is for large purchases, while investing is for small purchases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the advantage of starting to invest early?
You can retire early
You can buy a house sooner
You can take more vacations
You can see significant growth over time
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Americans have $0 saved for retirement?
10%
25%
50%
75%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason to build wealth?
To become famous
To buy expensive things
To help people in need
To show off to others
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