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Saving And Investing Quiz 1 (25 MCQs)

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1. Large, well established companies
2. An example of financial institution
3. In which year was Farm Credit System established
4. What is a benefit of saving?
5. The profit or income generated by saving and investing
6. A retirement savings plan offered by a corporation to its employees; the employee contributes money from his/her gross pay, and the money grows tax deferred. Often times the company will match to certain percentage.
7. You would generally be willing to accept more risk in your investments if
8. Which statement is TRUE of mutual funds?
9. You want to purchase stocks with the money you receive from your tax return. Who would you contact to make transactions?
10. The following type of bank account has a predetermined deposit amount, interest rate, and time period.
11. If you need money next year for college expenses, which of these investment opportunities should you avoid?
12. Which statement is true about liquidity?
13. What is portfolio diversification?
14. In relation to the rate of inflation, it is best to have the rate of return on an investment:
15. The percent by which your money grows is called _____
16. The formula to calculate simple interest is
17. A _____ allows you to store your money in a bank while earning interest.
18. Which of the following are used for operating expenses?
19. Identify the investment:-natural resources-minerals-food staples
20. The Emphasis of savings is on
21. Retirement investment taken out after taxes (net income) but withdrawn w/o tax after age 59.5
22. The higher the risk, the higher the potential for greater return (vise versa)
23. When you complete a task yourself rather than paying someone else
24. Three factors that affect saving money are
25. Rule that describes how much you should spend on needs (expenses), wants, and savings.
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