This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A retirement savings plan with special tax benefits, but it is NOT employer sponsored. A) 401 K. B) Dividend. C) Savings Account. D) IRA. Show Answer Correct Answer: D) IRA. 2. Which of the following should be considered when investing in the stock market? A) 52 week high/52 week low. B) P/E ratio. C) Dividend. D) All of these. Show Answer Correct Answer: D) All of these. 3. Giving up one thing for another A) Trade-off. B) Consumption. C) Do it yourself. D) Saving. Show Answer Correct Answer: A) Trade-off. 4. Which of the following investments would carry the most risk? A) Checking account. B) Savings account. C) Savings bond. D) Stock Market. Show Answer Correct Answer: D) Stock Market. 5. Which of the following would NOT increase the total cost of a loan? A) Higher interest. B) Higher principal. C) Longer duration. D) Higher credit score. Show Answer Correct Answer: D) Higher credit score. 6. Specified time in the future when the principal amount of a bond is repaid to the bondholder A) Due Date. B) Maturity Date. C) Deadline. D) Issue Date. Show Answer Correct Answer: B) Maturity Date. 7. How much does your employer pay into the Social Security system on your behalf? A) 42 percent. B) 84 percent. C) 6.2 percent. D) 124 percent. Show Answer Correct Answer: C) 6.2 percent. 8. Which of the following is not a purpose of saving? A) For purchases. B) For retirement. C) For income. D) For an emergency fund. Show Answer Correct Answer: C) For income. 9. The money you pay for insurance is called ..... A) The premium. B) The principal. C) The risk. D) None of above. Show Answer Correct Answer: A) The premium. 10. Results from an asset increasing in value between purchase and sale A) Dividend. B) Index. C) Capital gains. D) Liquidity. Show Answer Correct Answer: C) Capital gains. 11. A business that provides money related services. A) Final Institution. B) Premium. C) Debit Union. D) Financial Institution. Show Answer Correct Answer: D) Financial Institution. 12. Dividends are a characteristic of what investment tool? A) Mutual Funds. B) Stocks. C) Bonds. D) Real Estate. Show Answer Correct Answer: B) Stocks. 13. All are benefits of saving, except A) Safe, reliable, convenient. B) Earns a higher return of interest. C) Earns a small amount of interest. D) Insured by the FDIC. Show Answer Correct Answer: B) Earns a higher return of interest. 14. In the formula to calculate simple interest, what does the p stand for? A) Principal. B) Pi. C) Patience. D) Price. Show Answer Correct Answer: A) Principal. 15. The financial agency that sets monetary policy is ..... A) The Federal Depository Insurance Corporation. B) The Federal Trade Commission. C) The Federal Reserve. D) None of above. Show Answer Correct Answer: C) The Federal Reserve. 16. Saving money over time for a large purchase is a(n): A) Emergency fund. B) Sinking fund. C) Interest fund. D) Personal finance. Show Answer Correct Answer: B) Sinking fund. 17. Which of the following factors affects a monthly mortgage payment? A) The size of the home. B) The size of the down payment. C) The location of the home. D) The location of the bank. Show Answer Correct Answer: B) The size of the down payment. 18. In which year was the FDIC created A) 1933. B) 1945. C) 1956. D) 1968. Show Answer Correct Answer: A) 1933. 19. What is a collection of investments called? A) Portfolio. B) Savings book. C) Investment plan. D) Piggy bank. Show Answer Correct Answer: A) Portfolio. 20. Money functions as A) A medium of exchange. B) A standard of value. C) A store of value. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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