This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. To automatically save a specified amount from a paycheck for future use. A) PYF. B) GMI. C) THP. D) PYL. Show Answer Correct Answer: A) PYF. 2. If you plan to go skiing next winter, your BEST choice for saving money is A) Buying stocks. B) Putting money in a savings account. C) Investing in Savings Bonds. D) Putting your money in a five year CD. Show Answer Correct Answer: B) Putting money in a savings account. 3. Which of the following acts as a loan for the government or corporations, payable to people that buy them? A) Stocks. B) Mutual funds. C) Bonds. D) T-bills. Show Answer Correct Answer: C) Bonds. 4. If you make $ 75, 000 a year, you earn a/an A) Wage. B) Salary. C) Minimum Wage. D) Too much. Show Answer Correct Answer: B) Salary. 5. Businesses that provide financial services A) Depository institution. B) Savings account. C) Certificate of deposit. D) Checking account. Show Answer Correct Answer: A) Depository institution. 6. When investing the principal amount should ..... A) Decrease. B) Stay the same. C) Increase. D) None of above. Show Answer Correct Answer: C) Increase. 7. You are saving for Spring Break vacation in six months. Which savings tool should she choose? A) Money market deposit account. B) Interesting-earning checking account. C) Certificate of deposit. D) Savings account. Show Answer Correct Answer: A) Money market deposit account. 8. Which of the following types of returns are inversely related to interest rates? A) Stock. B) Bonus. C) Bond. D) Mutual fund. Show Answer Correct Answer: C) Bond. 9. Suzanne has a monthly net (take home) income of $ 2000. She pays $ 600 in expenses. What is her consumer debt-to-income ratio A) 10%. B) 20%. C) 30%. D) 40%. Show Answer Correct Answer: C) 30%. 10. Which of the following is an employer-sponsored retirement savings plan? A) 401K Plan. B) Annuity. C) Money Market fund. D) Savings Account. Show Answer Correct Answer: A) 401K Plan. 11. A type of time account A) CD. B) Stock. C) Bond. D) Mutual fund. Show Answer Correct Answer: A) CD. 12. What two things do you consider when evaluating the time value of money A) Time and savings. B) Time and interest rate. C) Inflation and interest rate. D) None of above. Show Answer Correct Answer: C) Inflation and interest rate. 13. Which of the following BEST describes diversifying a portfolio? A) Buying stocks every year in the same company. B) Buying corporate bonds and stocks in the same company. C) Buying stocks in several different companies. D) Putting all of your money in a safe investment. Show Answer Correct Answer: C) Buying stocks in several different companies. 14. To commit money to gain a profit or earn interest. A) Invest. B) Interest. C) Mutual Fund. D) Bond. Show Answer Correct Answer: A) Invest. 15. Alisa is looking for an investment that is structured to have tax benefits. She should look for information on: A) Tax rated bonds. B) Speculative investments. C) Index funds. D) Tax-advantaged investments. Show Answer Correct Answer: D) Tax-advantaged investments. 16. The portion of income not spent on current expenditures: A) Savings. B) Net income. C) Gross income. D) Financail goal. Show Answer Correct Answer: A) Savings. 17. How much money has been lost on insured deposits since the inception of the FDIC? A) Millions. B) Billions. C) None. D) $ 500, 000. Show Answer Correct Answer: C) None. 18. Which of the following is the most liquid asset? A) Stocks. B) Savings Bonds. C) Checking Account. D) Certificate of Deposit (CD). Show Answer Correct Answer: C) Checking Account. 19. Dow-Jones Industrial Average is made up of how many stocks A) 25. B) 30. C) 50. D) 100. Show Answer Correct Answer: B) 30. 20. Which of these is not a key to saving money A) Focus. B) Making saving a habit and a priority. C) Your income. D) Discipline. Show Answer Correct Answer: C) Your income. ← PreviousNext →Related QuizzesSaving 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 8Saving And Investing Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books