This quiz works best with JavaScript enabled. Home > Economics > Saving > Investing > Saving And Investing – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 12 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The specified time in the future when the principal (or initial investment) amount of the bond is repaid to the bondholder A) Maturity date. B) Principal. C) Bond. D) Market price. Show Answer Correct Answer: A) Maturity date. 2. This type of stock is is considered a safe investment and is usually a industry leader A) Growth Stock. B) Income Stock. C) Blue Chip Stock. D) Common Stock. Show Answer Correct Answer: C) Blue Chip Stock. 3. Which founding father coined the phrase "Money makes money, and the money that money makes, makes more money?" A) James Madison. B) George Washington. C) Thomas Jefferson. D) Benjamin Franklin. Show Answer Correct Answer: D) Benjamin Franklin. 4. Which of the following is an example of investing? A) Putting money into a piggy bank at home. B) Saving spare change and using it to buy snacks. C) Buying a U.S. savings bond. D) Buying groceries for the family. Show Answer Correct Answer: C) Buying a U.S. savings bond. 5. APR stands for which of the following A) Appropriation Percentage Risk. B) American Potential Risk. C) Annual Percentage Rate. D) Amortization Principle Rate. Show Answer Correct Answer: C) Annual Percentage Rate. 6. Initial amount of money lent, borrowed, or invested is called ..... A) Original. B) Principal. C) Interest Rate. D) Total. Show Answer Correct Answer: B) Principal. 7. Which of the following is considered to be a long-term goal? A) Saving up for a family vacation. B) Saving for a college education. C) Purchasing household furniture. D) Establishing an emergency fund. Show Answer Correct Answer: B) Saving for a college education. 8. What function of money assigns value to a good or service A) Measure of value,. B) Medium of exchange. C) Standard of deferred payment. D) Store of value. Show Answer Correct Answer: A) Measure of value,. 9. What does the acronym FDIC stand for A) Federal Debt Insolvency Corporation. B) Federal Debit Investment Corporation. C) Federal Deposit Insurance Corporation. D) Federal Deposit Incorporated Committee. Show Answer Correct Answer: C) Federal Deposit Insurance Corporation. 10. What type of risk involves the ability to turn your money into cash or spendable funds? A) Liquidity Risk. B) Market Risk. C) Treasury Risk. D) Financial Risk. Show Answer Correct Answer: A) Liquidity Risk. 11. Fill in the correct terms to complete the description of Rebecca going through insurance claims process.Rebecca's husband died in a car accident. When she turns 67, she will receive her husband's ..... A) 401k account. B) Social Security benefits. C) Certificate of deposit. D) None of above. Show Answer Correct Answer: B) Social Security benefits. 12. Which of the following describes the degree to which an asset can be quickly bought in the market without affecting the asset's price? A) Interest. B) Liquidity. C) Cash Flow. D) Value. Show Answer Correct Answer: B) Liquidity. 13. When you buy a ....., you are loaning money to an organization. A) Mutual fund. B) Index fund. C) Bond. D) Stock. Show Answer Correct Answer: C) Bond. 14. When the demand for a product increases, the price of the product will: A) Increase. B) Decrease. C) Stay the same. D) There is no relationship between supply and demand. Show Answer Correct Answer: A) Increase. 15. This is the money saved up and used to pay for a portion of a new home. A) Down Payment. B) Mortgage. C) Interest. D) Principal. Show Answer Correct Answer: A) Down Payment. 16. Protection against risk is the primary reason people purchase this type of policy. A) Auto Insurance. B) Health Insurance. C) Home Insurance. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following is the acronym for a network of borrower-owned lending institutions? A) ACA. B) FCS. C) FFA. D) FCB. Show Answer Correct Answer: B) FCS. 18. Which of the following finances US agricultural exports A) Agriculture Credit Banks. B) Federal Land Credit Associations. C) Farm Credit Banks. D) Agricultural Credit Associations. Show Answer Correct Answer: A) Agriculture Credit Banks. 19. The purchase of an asset with the goal of increasing your wealth or increasing future income. A) Investing. B) Savings. C) Checking. D) Interest. Show Answer Correct Answer: A) Investing. 20. This is where you orders to buy or sell stock are sent and carried out A) Brokerage Firm. B) Stock Exchange. C) Stock Meeting Place. D) Money Exchange. Show Answer Correct Answer: B) Stock Exchange. 21. Compared to a stock, a bond provides A) A greater chance of higher returns. B) Smaller dividends. C) Greater liquidity. D) A lower level of risk. Show Answer Correct Answer: D) A lower level of risk. 22. ..... is a distribution of money, stock, or other property that a company will pay out to stock holders A) Certificates of Deposit. B) Gold. C) Dividends. D) Mutual Funds. Show Answer Correct Answer: C) Dividends. 23. The purchase of goods and services A) Consumption. B) Liquidity. C) Principal. D) Saving. Show Answer Correct Answer: A) Consumption. 24. A mutual fund that was designed to reduce fees by investing in the stocks and bonds that make up an index A) Index. B) Dividend. C) Rent. D) Index fund. Show Answer Correct Answer: D) Index fund. 25. The gain or loss on an investment over a specified period, expressed as a percentage increase over the initial investment cost. A) Risk. B) Mutual fund. C) Rate of return. D) Maturity date. Show Answer Correct Answer: C) Rate of return. 26. ..... is the original sum invested. A) Principal. B) A dividend. C) Interest. D) Interest rate. Show Answer Correct Answer: A) Principal. 27. The six main characteristics of money are acceptability, portability, divisibility, uniformity A) Abundance, and solubility. B) Scarcity, and durability. C) Inflexibility, and inconsistency. D) Fragility, and profusion. Show Answer Correct Answer: B) Scarcity, and durability. 28. Which savings account can a financial institution end or cancel? A) Money market account. B) Youth savings account. C) Credit union account. D) Callable certificate of deposit. Show Answer Correct Answer: D) Callable certificate of deposit. 29. An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited A) Saving tools. B) Checking account. C) Certificate of deposit. D) Depository institution. Show Answer Correct Answer: C) Certificate of deposit. 30. When you borrow money you have to pay more money to the person you borrowed it from. This is called ..... A) Opportunity cost. B) Interest. C) Invest. D) None of above. Show Answer Correct Answer: B) Interest. ← PreviousNext →Related QuizzesSaving QuizzesEconomics QuizzesSaving And Investing Quiz 1Saving And Investing Quiz 2Saving And Investing Quiz 3Saving And Investing Quiz 4Saving And Investing Quiz 5Saving And Investing Quiz 6Saving And Investing Quiz 7Saving And Investing Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books