Understanding Savings and Investments

Understanding Savings and Investments

8th Grade

20 Qs

quiz-placeholder

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Understanding Savings and Investments

Understanding Savings and Investments

Assessment

Quiz

Business

8th Grade

Medium

Created by

Nilesh Lal

Used 2+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main types of investments?

Stocks, bonds, real estate, mutual funds, ETFs, cash equivalents

Commodities

Cryptocurrency

Art collections

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is KiwiSaver and how does it work?

KiwiSaver is a health insurance program for New Zealand citizens.

KiwiSaver is a retirement savings scheme in New Zealand that involves contributions from employees, employers, and the government.

KiwiSaver is a type of fruit grown in New Zealand.

KiwiSaver is a government tax scheme for businesses.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a term deposit?

A term deposit is an investment in stocks for a short duration.

A term deposit allows withdrawals at any time without penalties.

A term deposit is a type of savings account with no fixed interest rate.

A term deposit is a fixed-term investment where money is deposited for a set period at a fixed interest rate.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does investing in shares differ from other investments?

Investing in shares offers ownership in companies with potential for high returns and higher risk, unlike more stable investments like bonds or real estate.

Investing in shares guarantees fixed returns like savings accounts.

Shares are less risky than investing in commodities or currencies.

Investing in shares requires no knowledge of the market or companies.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a savings account?

A savings account is a type of loan that requires monthly payments.

A savings account is an investment account that only allows stock trading.

A savings account is a checking account with no withdrawal limits.

A savings account is a deposit account that earns interest and is used for saving money.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between simple interest and compound interest?

Simple interest grows exponentially; compound interest grows linearly.

Simple interest is calculated on the total amount; compound interest is calculated on the principal only.

Simple interest is calculated on the principal only; compound interest is calculated on the principal plus accumulated interest.

Simple interest is always higher than compound interest over time.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you invest $1,000 at a simple interest rate of 5% per annum, how much interest will you earn in 3 years?

$75

$200

$100

$150

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