This quiz works best with JavaScript enabled. Home > Economics > Saving > Investing > Saving And Investing – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 16 (17 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Lester deposited $ 400 into a savings account earning 4.5% simple interest, and $ 450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A) $ 98.60. B) $ 54. C) $ 385.64. D) $ 439.64. Show Answer Correct Answer: A) $ 98.60. 2. Employee benefits packages: A) Are non-wage compensations provided to employees in addition to their normal wages or salaries. B) Should not be a consideration when looking for a job. C) Are the same regardless of the company you work for. D) Never include retirement plans. Show Answer Correct Answer: A) Are non-wage compensations provided to employees in addition to their normal wages or salaries. 3. Suppose you work for a really terrific company whose stock has been gaining value.You decide to invest your savings to buy shares. What major risk do you face? A) Higher taxes. B) Inflation. C) Lack of diversification. D) Limited liquidity. Show Answer Correct Answer: C) Lack of diversification. 4. Provides fixed interest payments for a set period of time A) Stock. B) Money. C) Bond. D) Mutual fund. Show Answer Correct Answer: C) Bond. 5. Which of the following appoints the board members for the Farm Credit Administration A) Secretary of state. B) The president. C) Local farmers. D) Chairman of the board. Show Answer Correct Answer: B) The president. 6. This illustrates the trade-offs between risk and return for a number of saving and investing tools. A) Certificate of Deposit (CD). B) Investment Philosophy. C) Portfolio Diversification. D) Financial Risk Pyramid. Show Answer Correct Answer: D) Financial Risk Pyramid. 7. Type of savings plan where you deposit money at a bank for a set period of time A) Stock. B) Mutual fund. C) Regular savings. D) CD. Show Answer Correct Answer: D) CD. 8. These are the distribution of profits from a company to the stockholders A) Options. B) Dividends. C) Stocks. D) Bonds. Show Answer Correct Answer: B) Dividends. 9. Which of the following is NOT a type of insurance? A) Dental & Vision. B) Auto. C) Health. D) Death. Show Answer Correct Answer: D) Death. 10. The owner of a stock A) Bond. B) Stockholder or shareholder. C) Stock. D) Stock exchange. Show Answer Correct Answer: B) Stockholder or shareholder. 11. Who assists you in purchasing real estate? A) A police officer. B) An insurance agent. C) Real estate agent. D) Stockbroker. Show Answer Correct Answer: C) Real estate agent. 12. Which of the following is NOT a stock index? A) S & P 500. B) DOW JONES. C) NASDAQ COMPOSITE. D) P/E RATIO. Show Answer Correct Answer: D) P/E RATIO. 13. In some cases, employers will match the employee contribution, but you should fund your plan whether your company matches or not. This statement refers to: A) Roth IRA. B) Single stocks. C) 401(k). D) Bond funds. Show Answer Correct Answer: C) 401(k). 14. Liquidity is defined as A) The potential loss from rising prices. B) How easy it is to lose money when you invest in a risky business. C) The ability of savings to earn interest. D) How easy it is to turn an item into cash without losing any money. Show Answer Correct Answer: D) How easy it is to turn an item into cash without losing any money. 15. An organized, central service to buy and sell stocks, bonds and other investments that are traded A) Stock exchange. B) Risk. C) Return. D) Stock. Show Answer Correct Answer: A) Stock exchange. 16. Which of the following is generally true about 401(k) and 403(b) retirement plans? A) They are plans offered through employers. B) They offer some tax benefits. C) They restrict when you can withdraw your money. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. The best thing about choosing how to invest your money is: A) You'll know right away how you're doing. B) Once it's done, you can relax. C) If your goals change, you can change investments. D) You receive regular income. Show Answer Correct Answer: C) If your goals change, you can change investments. ← PreviousRelated 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