This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Saving money because of a concern for losing ones' job is an example of saving for: A) A goal. B) A particular purchase. C) Retirement. D) An emergency. Show Answer Correct Answer: D) An emergency. 2. Which policy is a way the SEC protects investors? A) Guaranteeing the value of certain stocks. B) Insuring the amounts of people's investments. C) Requiring companies to disclose financial information. D) Helping investors diversify their portfolios. Show Answer Correct Answer: C) Requiring companies to disclose financial information. 3. Identify the investment:-many stocks are included in this type of investment-considered the safest way to invest in the stock market A) Dividend. B) Bonds. C) ETFs. D) Commodities. Show Answer Correct Answer: C) ETFs. 4. This type of stock is less risky, is nonvoting, and pays fixed dividends, no matter how the company performs A) Common Stock. B) Preferred Stock. C) Income Stock. D) Growth Stock. Show Answer Correct Answer: B) Preferred Stock. 5. Simple Interest is ..... A) Interest paid on both the principal and the already earned interest. B) The interest paid on the principal alone. C) A fixed charge for borrowing money; usually a percentage of the amount borrowed. D) The money originally invested or loaned. Show Answer Correct Answer: B) The interest paid on the principal alone. 6. When should you start putting money away for retirement? A) As soon as possible. B) Never. C) When you are 50. D) Whenever you feel like it. Show Answer Correct Answer: A) As soon as possible. 7. Knowing how much you need to save, Having a plan, and setting goals are the keys to ..... A) The Stock Market. B) Starting your own business. C) Financial Security. D) Applying for a credit card. Show Answer Correct Answer: C) Financial Security. 8. Which portion would not be part of an investment portfolio? A) A savings account. B) Commodities fund. C) A savings 529 plan. D) Equity investments in a company. Show Answer Correct Answer: A) A savings account. 9. Which of the following involves restricting expenses and keeping the unspent money in one's own custody for the purpose of accumulating it? A) Investing. B) Compounding. C) Saving. D) Evaluating. Show Answer Correct Answer: C) Saving. 10. When it comes to saving money, what is a good rule of thumb? A) Keep most of your savings in your checking account. B) Put aside money for savings each month. C) Choose the savings account with the lowest interest rate. D) Putting anything you can't afford on your credit card. Show Answer Correct Answer: B) Put aside money for savings each month. 11. What is the purpose of a company issuing stock? A) To grow equity interests that encourage diversification. B) To raise money that can be used to growth the company. C) To increase the influence of the current owners of the company. D) To exempt the company from paying taxes. Show Answer Correct Answer: B) To raise money that can be used to growth the company. 12. When saving, an example of an emergency that one would save for would be: A) Retirement. B) College. C) Health problems. D) New car. Show Answer Correct Answer: C) Health problems. 13. Plans that take less than a year to accomplish. A) Long-Term Goals. B) Short-Term Goals. C) Short-Term Goats. D) Long-Term Goats. Show Answer Correct Answer: B) Short-Term Goals. 14. With the Rule of 72, how many years will it take to double my money? Check the correct figuring? A) 72 DIVIDED BY Interest rate. B) 72 DIVIDED by Years to double a sum of money = the Interest rate. C) Interest rate DIVIDED BY 72 = YEARS TO DOUBLE A SUM OF MONEY. D) None of above. Show Answer Correct Answer: A) 72 DIVIDED BY Interest rate. 15. The ability of an investment to generate earnings that can be reinvested to earn still more earnings is called A) Scarcity. B) Budgeting. C) Uniformity. D) Compounding. Show Answer Correct Answer: D) Compounding. 16. What is a benefit of having a money market deposit account, as well as a checking or savings account? A) Easy access to your money. B) Must be in the account for at least a year. C) Must wait until maturity to get your money. D) None of above. Show Answer Correct Answer: A) Easy access to your money. 17. A retirement plan found in nonprofit organizations such as churches, hospitals and schools. A) 457. B) GIC. C) 401(k). D) 403(b). Show Answer Correct Answer: D) 403(b). 18. Money is a medium of exchange, measure of value, and store of value these are examples of? A) Functions of money. B) Federal reserve notes. C) Formerly used currencies. D) Characteristics of money. Show Answer Correct Answer: A) Functions of money. 19. To use an online bank account you will need access to ..... A) An ATM. B) The high street branch. C) A mobile phone. D) The Internet. Show Answer Correct Answer: D) The Internet. 20. Which piece of information is typically included in a stock listing? A) The number of shares of stock sold in a previous day. B) The predicted price of the stock over the next year. C) The company's SEC registration credentials. D) The number of shares of stock sold in the previous year. Show Answer Correct Answer: A) The number of shares of stock sold in a previous day. ← 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