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

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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