F24TH - Saving and Investing

F24TH - Saving and Investing

12th Grade

83 Qs

quiz-placeholder

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F24TH - Saving and Investing

F24TH - Saving and Investing

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Dean Kuckelman

Used 9+ times

FREE Resource

83 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these statements about savings accounts is NOT true:
Most are insured up to $250,000
They are low risk
They are a good place for an emergency fund
They earn a good Return on Investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most that you can contribute to an IRA each year:
$22,500
$6,500

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most that you can contribute to a Roth each year:
$22,500
$6,500

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most that you can contribute to a traditional 401(k) each year:
$22,500
$6,500

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you want to contribute more than $6,500 each year to a Roth or IRA, you can:
Open a savings account
Open a checking account
Contribute money to a 401(k), then withdraw the money and invest it in a Roth or IRA.
Contribute money to a 401(k), then convert the money to a Roth or IRA.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a limited partnership, who is liable for obligations of the partnership?
Only the limited partners
Only the general partners
Both the general partners and the limited partners
None of the partners are liable for obligations of the partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is ACRS?
A tax advantage created to encourage investment in public education
A method of depreciation that lets investors reduce the depreciation expenses
A method of depreciation that lets investors increase the depreciation expenses
None of these

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