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Retirement Vocabulary Practice

Authored by Lindsay Johnson

Mathematics

12th Grade

CCSS covered

Retirement Vocabulary Practice
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24 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Fredo is considering his retirement savings options. What is a 401(k)?

A type of bond issued by the government

A company-sponsored retirement account to which employees can contribute income

A tax-free savings account for education

A type of insurance policy

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does 401(k) matching mean for Kaylee at her new job?

When Kaylee's employer contributes money to her 401(k) account to reflect the contributions she's made

When Kaylee matches her contributions to a charity

When Kaylee matches her savings with her spouse

When the government matches Kaylee's tax payments

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Raul is planning his retirement and is considering different financial products. What is an annuity?

A one-time payment received from an investment

A contract that requires regular payments for more than one full year to the person entitled to receive the payments

A type of stock that pays dividends

A savings account with a fixed interest rate

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Hugo is learning about investments and wants to understand how a bond functions. How does a bond function?

As a savings account with a fixed interest rate

As a loan where the issuer promises to repay the full amount of the loan on a specific date and pay a specified rate of return

As a type of insurance policy

As a retirement account

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Hugo and Joe are discussing their financial goals. What is the primary purpose of an investment?

To save money for emergencies

To invest money for profit

To pay off debts

To donate to charity

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does retirement mean for Joe?

The action of starting a new job

The action of leaving one's job and ceasing to work

The action of taking a vacation

The action of buying a new house

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is a broker?

A person who repairs cars

A person who buys and sells stocks for others

A person who writes insurance policies

A person who manages a restaurant

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

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