What does the Rule of 72 help you determine?

Investment Strategies and Financial Concepts

Interactive Video
•
Mathematics, Business, Life Skills
•
9th - 12th Grade
•
Hard

Jackson Turner
Used 2+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How to calculate taxes
How long it takes for money to double
How to budget monthly expenses
How to diversify investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you have an interest rate of 6%, how many years will it take for your money to double according to the Rule of 72?
24 years
6 years
12 years
18 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account should you use for funds needed within the next 0 to 3 years?
Emergency account
Short-term account
Wealth building account
Retirement account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your savings should go into your short-term account?
10%
25%
50%
75%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which investment vehicle typically offers a rate of return between 1% to 4%?
Bank or credit union
Mutual funds
Stocks
Bonds
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major disadvantage of investing in individual stocks?
They have low returns
They are time-consuming to sell
They are not diversified
They are managed by professionals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of mutual funds over individual stocks?
Lower returns
Professional management
Less diversification
Higher risk
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