Unit 5 Test- Quizizz

One effect of an increase in the amount of savings in an economy is

• an increase in consumer spending

• a decrease in retirement investments

• a decrease in the production of goods and services

• an increase in financial resources for business investment

Investments with high rates of return are generally accompanied with

• no risk

• very little risk

• high levels of risk

• lower levels of risk

What is one advantage to placing savings in a high-risk investment as oppose to putting savings in a low-risk investment?

• The tax rate on high-risk investments is lower.

• The amount of money needed to invest is lower.

• The money is more secure in a high-risk investment.

• The potential rate of return on investment is higher

One potential risk from investing in the stock market is the loss of

Which of the following retirement investment options is usually offered as a benefit of employment?

• Bonds

• 401 K

• Roth IRA

• Public Bond

A first step to beginning a savings program would most likely be to

• obtain credit

• set financial goals

• open a checking account

• sign up for direct deposit

A line of credit that allows a borrower to repeatedly use it within a certain monetary amount is considered to be

• Close- ended Credit

• Open-ended Credit

Which type of bank account is not insured?

• Checking account

• Savings account

• Mutual Fund

• Money market fund

One of the obligations of borrowing money is to:

• Cosign loans for others

• Make your payments on time

• request the lowest interest rate possible

Which of the following actions would improve a credit score?

• Consolidating credit card balances

• repossession loans

• Declaring Bankruptcy

• Paying off all your debts