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Saving And Investing Quiz 7 (25 MCQs)

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1. Reduce, defer, or adjust the current year tax liability
2. The value of the next best alternative that must be forgone as a result of a decision
3. The total return on an investment expressed as a percentage of the amount of money saved
4. It is best to have the rate of return on an investment than the rate of inflation.
5. Which of the following are safe ways to save?
6. Insured account offered at banks, usually requiring a higher deposit.
7. Has a higher interest rate than a savings account but has a limited number of withdraws each month
8. A saving account in a bank represents the function of money, that holds wealth until it is ready to use:
9. 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.
10. What word fits the following definition best? A plan for spending and saving, based on one's income and estimated expenses.
11. Which of the following accounts will give you the LEAST access to your money?
12. Which form of interest provides the GREATEST return?
13. Identify the investment:-the investor loans money to a city or county government, or a company-money is repaid after a certain date, plus interest is paid-generally considered a safe investment, although not insured by the FDIC
14. After you pay your bills and put money away for savings, what is the remainder of your income called?
15. This is the total amount borrowed from the bank to purchase a new home.
16. These are the three basic types of savings accounts
17. Which of the following is interest calculated on the initial principal as well as the accumulated interest of previous periods?
18. A type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index _____
19. The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
20. Rank these investments from safest to riskiest:
21. The last payment of an amortized installment loan, such as a mortgage, is comprised of what percentage of the principal and interest
22. Assume you are 22 years old, have up to $ 5, 000 to invest annually toward retirement. However, your employer is not providing a match or a retirement plan. Select the best financial product for you.
23. Bank's make their profits primarily by issuing _____
24. An individual's general approach to investment risk is called a(n)
25. To automatically save a specified amount from a paycheck for future use.
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