This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 22 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. People who have invested in a corporation and own some of its stock A) Brokers. B) Stockholders. C) Stockers. D) Stock Exchangers. Show Answer Correct Answer: B) Stockholders. 2. An individual retirement account that is not sponsored by an employer. A) 401K. B) Roth Stock. C) IRA. D) Mutual Fund. Show Answer Correct Answer: C) IRA. 3. Which kind of interest allows your investment to grow exponentially? A) Simple interest. B) Compound interest. C) Special interest. D) Double interest. Show Answer Correct Answer: B) Compound interest. 4. A trading market where stock is bought and sold. A) Stock market. B) Farmer's market. C) Sales market. D) Investment market. Show Answer Correct Answer: A) Stock market. 5. A tax deferred retirement savings plan offered to employees by their employer. A) 401 K. B) Dividend. C) Savings Account. D) IRA. Show Answer Correct Answer: A) 401 K. 6. A regular cash payment from a company to its shareholders is called A) Interest. B) A Share. C) All of the above. D) Dividend. Show Answer Correct Answer: D) Dividend. 7. If your account is earning 6% interest, it will take ..... years for your money to double. A) 22. B) 10. C) 12. D) 15. Show Answer Correct Answer: C) 12. 8. Which of the following is a risk management technique which spreads assets into a portfolio with a wide variety of investments? A) Compounding. B) Diversification. C) Appreciation. D) Investment. Show Answer Correct Answer: B) Diversification. 9. In general, an investment that has a high risk of loss A) Has a higher potential reward. B) Commands a higher price for the initial investment. C) Has little chance of making a profit. D) Is insured by the FDIC. Show Answer Correct Answer: A) Has a higher potential reward. 10. How much of your deposit is insured? A) $ 250.00. B) $ 2, 050.00. C) $ 250, 000.00. D) $ 150, 000.00. Show Answer Correct Answer: C) $ 250, 000.00. 11. When society is experiencing inflation, A) Prices are higher. B) Prices are lower. C) Prices stay the same. D) All of the above. Show Answer Correct Answer: A) Prices are higher. 12. This is the most common form of retirement plan found in the private sector. It (for the most part) took the place of pension plans. A) SEP IRA. B) IRA. C) 401k. D) UTMA. Show Answer Correct Answer: C) 401k. 13. Investing is best defined as the: A) Amount remaining after current wants and needs have been satisfied. B) Savings opportunities which yield a high interest rate. C) Portion of current income not spent on consumption. D) Purchase of assets with the goal of increasing future income. Show Answer Correct Answer: D) Purchase of assets with the goal of increasing future income. 14. A fee charged for the use of property or land A) Rent. B) Return. C) Rate of return. D) Risk. Show Answer Correct Answer: A) Rent. 15. When a goal has been set to save $ 100.00 a month for an emergency fund of $ 2000.00, giving up food from the vending machine to achieve that goal is the: A) Opportunity cost. B) Interest. C) Specific part of the SMART goal. D) Trade-off. Show Answer Correct Answer: D) Trade-off. 16. The SEC is a company that is responsible for enforcing laws concerning with trading stocks and bonds. What does SEC stand for? A) South Eastern Conference. B) Super Economy Company. C) Securities Exchange Commission. D) Security Economy Corporation. Show Answer Correct Answer: C) Securities Exchange Commission. 17. Facilitates the buying and selling of investments from a stock exchange A) Brokerage firm. B) Discount brokerage firm. C) Bond. D) Index. Show Answer Correct Answer: A) Brokerage firm. 18. Timothy has invested $ 1, 600 for college. What interest rate must Timothy earn for his investment to double in 8 years? A) .05%. B) 9%. C) 22%. D) 300%. Show Answer Correct Answer: B) 9%. 19. Bonds are "safer" than stocks A) True. B) False. C) Don't know. D) None of above. Show Answer Correct Answer: A) True. 20. Which of the following includes collateral? A) An unsecured loan. B) A provision loan. C) A reorganization loan. D) A secured loan. Show Answer Correct Answer: D) A secured loan. ← 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