This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The price of money. A) Interest. B) Savings. C) Risk. D) Return. Show Answer Correct Answer: A) Interest. 2. A great rule of thumb is to A) Pay your bills first. B) Pay yourself first. C) Start saving and investing when you turn 30. D) Save all the money left over at the end of the month. Show Answer Correct Answer: B) Pay yourself first. 3. Which of the following would cause your credit score to increase? A) Making monthly payments on time. B) Maxing out your credit cards. C) Using a debit card. D) Opening many new credit cards at once. Show Answer Correct Answer: A) Making monthly payments on time. 4. Property of some type to either rent out or sell at a higher price. A) Real estate. B) Bond. C) Annuity. D) Apartment. Show Answer Correct Answer: A) Real estate. 5. Withdrawal from an occupation, investing money during active working life for financial support A) IRA. B) Risk. C) Retirement. D) Stock market. Show Answer Correct Answer: C) Retirement. 6. A unit of ownership in a corporation is A) A dividend. B) Bond. C) A share of stock. D) Note. Show Answer Correct Answer: C) A share of stock. 7. If an emergency were to happen you would want your assets to be as ..... as possible. A) Solid. B) Liquid. C) Fluid. D) Stable. Show Answer Correct Answer: B) Liquid. 8. You plan to buy 5 shares of Facebook at $ 147.19. You will sell them when you finish college in 4 years. In 2021, a share of Facebook stock is valued at $ 163.87. How much did you gain or lose? A) Gained $ 16.68. B) Lost $ 16.68. C) Gained $ 83.40. D) Lost $ 83.40. Show Answer Correct Answer: C) Gained $ 83.40. 9. ..... ..... is a mathematical explosion that you must start now. A) Compound interest. B) Analytic geomitry. C) Investment savings. D) Interest rate. Show Answer Correct Answer: A) Compound interest. 10. An account at a depository institution that usually has minimum balance requirements and tiered interest rates A) Money market deposit account. B) Checking account. C) Depository institution. D) Savings account. Show Answer Correct Answer: A) Money market deposit account. 11. What are the elements of the simple interest formula A) Principal, interest, rate. B) Rate, time, interest. C) Principal, interest rate, time. D) None of above. Show Answer Correct Answer: C) Principal, interest rate, time. 12. As soon as you start your career/job, what should you start saving for? A) Emergencies. B) Retirement. C) Dream vacation. D) Both emergencies and retirement. Show Answer Correct Answer: D) Both emergencies and retirement. 13. This type of stock is one that has potential earnings that are higher then its average earnings A) Growth Stock. B) Blue Chip Stock. C) Common Stock. D) Income Stock. Show Answer Correct Answer: A) Growth Stock. 14. How quickly and easily assets can be accessed and converted into cash. A) Liquidity. B) Return. C) Savings. D) Interest. Show Answer Correct Answer: A) Liquidity. 15. The rise in the general level of prices A) Inflation. B) Inflation risk. C) Bond. D) Investment. Show Answer Correct Answer: A) Inflation. 16. Which of the following savings or investing tools would go with "Financial Growth" ? A) Stocks. B) Real estate. C) Insurance. D) Certificate of deposit. Show Answer Correct Answer: A) Stocks. 17. Which of the following is NOT true of bonds A) Provide relatively high potential returns. B) Are securities which are not founded on debt. C) Creates ownership of a corporation. D) Lends out money to a company or goverment. Show Answer Correct Answer: C) Creates ownership of a corporation. 18. Reduces risk by spreading money among a wide array of investments A) Portfolio diversification. B) Investments. C) Rent. D) Return. Show Answer Correct Answer: A) Portfolio diversification. 19. Using the rule of 72, how many years would it take you to double your investment at a 4 percent rate of return? A) 6 years. B) 12 years. C) 18 years. D) 36 years. Show Answer Correct Answer: C) 18 years. 20. What interest rate would you need to double $ 3500 in 9 years? A) 7%. B) 10%. C) 8%. D) 38.8%. Show Answer Correct Answer: C) 8%. ← PreviousNext →Related QuizzesSaving QuizzesSaving And Investing Quiz 1Saving And Investing Quiz 2Saving And Investing Quiz 3Saving And Investing Quiz 4Saving And Investing Quiz 6Saving And Investing Quiz 7Saving And Investing Quiz 8Saving And Investing Quiz 9Saving And Investing Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books