This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 21 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. You need a savings tool that is liquid and accessible, which one should you choose? A) Certificate of Deposit. B) Checking account. C) Money Market deposit account. D) All three are correct. Show Answer Correct Answer: B) Checking account. 2. Accumulation of excess funds by intentionally spending less than you earn A) Saving. B) Emergency savings. C) Savings. D) Time value of money. Show Answer Correct Answer: A) Saving. 3. Which is a feature of a money market deposit account? A) No minimum balance requirements. B) Unlimited transactions every month. C) Tiered interest rates. D) The money must remain in the account for a specific period of time. Show Answer Correct Answer: C) Tiered interest rates. 4. What piece of information is most helpful when you're comparing investments? A) The ROI percentage. B) The ROI dollar amounts. C) The total return dollar amounts. D) The initial investment amounts. Show Answer Correct Answer: A) The ROI percentage. 5. Which of the following is a long term savings/investing option? A) Savings Account. B) Certificate of Deposit. C) Mutual Funds. D) Money Market Account. Show Answer Correct Answer: C) Mutual Funds. 6. Provides information and advice as well as buys and sells stock for their customers. A) Stock Market. B) Stock Broker. C) Full-Service Broker. D) Banker. Show Answer Correct Answer: C) Full-Service Broker. 7. Portion of income not spent on current expenses A) Maturity Date. B) Capital Gains. C) Savings. D) Certificate of Deposit. Show Answer Correct Answer: C) Savings. 8. Misty just got her first job and is setting aside as much as she can to buy a car. If she wants to have $ 3, 000 for a down payment in two years, how much will she need to save each month? A) $ 720. B) $ 125. C) $ 250. D) $ 360. Show Answer Correct Answer: B) $ 125. 9. Kayla is considering whether to open a savings account or buy stock. Her financial advisor tells her that investing involves ....., but will help her money grow. A) A down payment. B) Risk. C) Taxes. D) None of above. Show Answer Correct Answer: B) Risk. 10. An account to hold money not spent on current monthly expenses. A) Investment. B) Savings Account. C) Checking Account. D) Stock. Show Answer Correct Answer: B) Savings Account. 11. Which of the following allows farmers to capitalize in farm science A) Agricultural stocks. B) Farmland. C) Agricultural exchange-trade fund. D) Biotech investments. Show Answer Correct Answer: D) Biotech investments. 12. Fill in the correct terms to complete the description of Rebecca going through insurance claims process.Her children will also receive the same until they ..... A) Graduate from high school. B) Retire. C) Become employed. D) None of above. Show Answer Correct Answer: A) Graduate from high school. 13. You should start saving for retirement A) When you get married. B) When you get your first job. C) When you reach age 50. D) When you reach age 65. Show Answer Correct Answer: B) When you get your first job. 14. Investment taken out of gross income (before taxes) or growing w/o taxes A) Stock. B) Bond. C) Tax-obligated. D) Tax-deferred. Show Answer Correct Answer: D) Tax-deferred. 15. Money earned on the original principal and on previously earned interest is referred to as A) Present value. B) Simple interest. C) Compound interest. D) Future value. Show Answer Correct Answer: C) Compound interest. 16. What is compounding interest? A) Interest that's not calculated on a regular basis. B) Interest that doubles the principal of an account. C) Interest gained only on the principal of an account. D) Interest that's added to the principal of an account. Show Answer Correct Answer: D) Interest that's added to the principal of an account. 17. The type of risk you will not lose your money. A) Market Risk. B) Financial Risk. C) Liquidity Risk. D) Fraud Risk. Show Answer Correct Answer: B) Financial Risk. 18. Earning interest on interest A) Compound interest. B) Interest. C) Interest rate. D) Do it yourself. Show Answer Correct Answer: A) Compound interest. 19. Spreading out of investments among several different types of accounts to lower overall risk A) Diversification. B) Maturity. C) Distribution. D) Mutual funds. Show Answer Correct Answer: A) Diversification. 20. Setting aside income for a period of time so that it can be used later A) Saving. B) Interest. C) Maturity. D) Broker. Show Answer Correct Answer: A) Saving. ← 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