This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 17 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A strategy of setting aside money for saving before spending any money is known as A) Time value of money. B) Rule of 20. C) The rule of thumb. D) Pay yourself first. Show Answer Correct Answer: D) Pay yourself first. 2. What's a good target for the balance you should keep in your emergency fund? A) $ 500. B) A month of living expenses. C) Three to six months of living expenses. D) 5% of your annual income. Show Answer Correct Answer: C) Three to six months of living expenses. 3. Which is the best investment option for a person who wants to make a long-term, tax-free investment? A) Money market account. B) 401(k). C) Traditional IRA. D) Roth IRA. Show Answer Correct Answer: D) Roth IRA. 4. Which of the following investments is NOT in the Stock Market? A) Mutual funds. B) ETFs. C) Real estate. D) Individual stocks. Show Answer Correct Answer: C) Real estate. 5. What account pays low interest A) Money Market. B) Savings. C) Checking. D) COD. Show Answer Correct Answer: B) Savings. 6. In this type of market, investors are worried about the future and therefor will start selling stock, rather then buying A) Bull. B) Bear. C) Cat. D) Dog. Show Answer Correct Answer: B) Bear. 7. The measure of how long it takes your investment to double. A) Compound Interest. B) Rule of 72. C) Simple Interest. D) Interest Rate. Show Answer Correct Answer: B) Rule of 72. 8. Which of the following is a good investment option? A) Viaticals. B) Mutual funds. C) Futures. D) Gold. Show Answer Correct Answer: B) Mutual funds. 9. Price paid for using someone else's money A) Interest. B) Compound interest. C) Savings. D) Interest rate. Show Answer Correct Answer: A) Interest. 10. Tax exemption is ..... A) The same a tax defferal. B) A delayed payment method. C) A no tax rate. D) A type of investment. Show Answer Correct Answer: C) A no tax rate. 11. IOU issued by a company or federal gov't in exchange for a loan that will be repaid. A) Invest. B) Bond. C) Risk. D) Stock. Show Answer Correct Answer: B) Bond. 12. The specified time in the future when the principal (or initial investment) amount of the bond is repaid to the bondholder A) Maturity date. B) Market price. C) Principal. D) Bond. Show Answer Correct Answer: A) Maturity date. 13. This type of stock is is considered a safe investment and is usually a industry leader A) Common Stock. B) Growth Stock. C) Blue Chip Stock. D) Income Stock. Show Answer Correct Answer: C) Blue Chip Stock. 14. Which founding father coined the phrase "Money makes money, and the money that money makes, makes more money?" A) George Washington. B) Thomas Jefferson. C) Benjamin Franklin. D) James Madison. Show Answer Correct Answer: C) Benjamin Franklin. 15. Which of the following is an example of investing? A) Putting money into a piggy bank at home. B) Saving spare change and using it to buy snacks. C) Buying a U.S. savings bond. D) Buying groceries for the family. Show Answer Correct Answer: C) Buying a U.S. savings bond. 16. APR stands for which of the following A) American Potential Risk. B) Annual Percentage Rate. C) Amortization Principle Rate. D) Appropriation Percentage Risk. Show Answer Correct Answer: B) Annual Percentage Rate. 17. Initial amount of money lent, borrowed, or invested is called ..... A) Interest Rate. B) Original. C) Principal. D) Total. Show Answer Correct Answer: C) Principal. 18. Which of the following is considered to be a long-term goal? A) Purchasing household furniture. B) Saving up for a family vacation. C) Saving for a college education. D) Establishing an emergency fund. Show Answer Correct Answer: C) Saving for a college education. 19. What function of money assigns value to a good or service A) Measure of value,. B) Medium of exchange. C) Standard of deferred payment. D) Store of value. Show Answer Correct Answer: A) Measure of value,. 20. What does the acronym FDIC stand for A) Federal Debit Investment Corporation. B) Federal Deposit Incorporated Committee. C) Federal Deposit Insurance Corporation. D) Federal Debt Insolvency Corporation. Show Answer Correct Answer: C) Federal Deposit Insurance Corporation. ← 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