First Half - FINAL - Financial Literacy

A millionaire is someone with _____ of $1million or more.

• net worth
• assets
• income
• liabilities
• expenses

Which of these are included in your net worth:

• Assets
• Liabilities
• Income
• Expenses

If you like a company (like Tessla), and decide to buy part of it, then _____.

• You would buy some shares of Tessla stock
• You would buy some Tessla bonds
• None of these - only millionaires can own part of companies like Tessla

Which of these are ways to invest money for your retirement:

• IRA
• Savings Account
• Emergency Fund
• All of these
• None of these

True or False. You should save for your retirement.

• True
• False

If you want your money to make money for you, you need to _____.

• Invest
• Save
• Both of these
• Neither of these

True or False. Inflation hits everyone the same, whether you are wealthy or poor.

• True
• False

Which of these is the best measurement of wealth:

• Income
• Expenses
• Assets
• Liabilities
• Net Worth

When you borrow money, you will have to pay the lender ____.

• Interest
• Income
• Taxes
• All of these
• None of these

The biggest reason we have so many millionaires in America is because:

• Millionaires put their investment money in savings accounts
• Millionaires inherit most of their money
• Millionaires put their investment money in expensive cars and boats and houses
• Millionaires put their investment money in Treasury Bonds
• Millionaires put their investment money in the stock market