This quiz works best with JavaScript enabled. Home > Saving > Investing > Saving And Investing – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Saving And Investing Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Conner wants to purchase stocks with the money he received from his tax return. Who would he contact to make the transaction? A) A brokerage firm. B) The New York Stock Exchange. C) A real estate agent. D) Conner should complete this transaction on his own. Show Answer Correct Answer: A) A brokerage firm. 2. Most savings banks are insured by the A) FDIC. B) FSLIC. C) NCUA. D) NOW. Show Answer Correct Answer: A) FDIC. 3. Savings is best defined as: A) Amount remaining after current wants and needs have been satisfied. B) Investment opportunities which yields on 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: C) Portion of current income not spent on consumption. 4. What type of credit is typically offered by medical facilities and utility companies such as cell phone and electricity providers A) Revolving credit. B) Service credit. C) Installment credit. D) No credit. Show Answer Correct Answer: B) Service credit. 5. Offer investment transactions as well as investment advice and a financial advisor A) Full-service brokerage firm. B) Financial advisor. C) Investment. D) Bond. Show Answer Correct Answer: A) Full-service brokerage firm. 6. A written promise to pay a debt by a specified date. A) Stock. B) Mutual fund. C) Bond. D) Certificate of deposit. Show Answer Correct Answer: C) Bond. 7. Short-term means you save for.. A) 1-3 months. B) 5-10 years. C) 1 day. D) A few weeks. Show Answer Correct Answer: A) 1-3 months. 8. ..... is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers. A) 401K. B) Social security. C) TSA (tax sheltered annuity) / 403 B. D) Keogh Plan. Show Answer Correct Answer: C) TSA (tax sheltered annuity) / 403 B. 9. An account used to hold money not spent on current consumption is a(n) A) Financial Risk Pyramid. B) Checking Account. C) Savings Account. D) Investment Philosophy. Show Answer Correct Answer: C) Savings Account. 10. You are given certificates issued by the US Treasury Department. What type of investment have you been given? A) Corporate bond. B) U.S. savings bond. C) Municipal bond. D) James Bond. Show Answer Correct Answer: B) U.S. savings bond. 11. The uncertainty regarding the outcome of a situation of event. A) Inflation Risk. B) Return. C) Investment Risk. D) Risk. Show Answer Correct Answer: D) Risk. 12. What is it called when you put money in your savings account before you pay your bills or spend discretionary money? A) Emergency funding. B) Investing. C) Paying yourself first. D) Compounding interest. Show Answer Correct Answer: C) Paying yourself first. 13. Refers to the likelihood that an investment will decrease in value. A) Chance. B) Gamble. C) Stake. D) Risk. Show Answer Correct Answer: D) Risk. 14. 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 is the value of the 5 shares in 2021? A) $ 83.40. B) $ 163.87. C) $ 735.95. D) $ 819.35. Show Answer Correct Answer: D) $ 819.35. 15. Rule of 72. How many years to double my money if I get a 9% return on investment? A) 8 years. B) 7.2 year. C) 7 years. D) 9 years. Show Answer Correct Answer: A) 8 years. 16. Money paid out of pocket before insurance covers remaining costs. A) Deductible / Co-Pay. B) Principal. C) Short-Term Goals. D) Mutual Fund. Show Answer Correct Answer: A) Deductible / Co-Pay. 17. Bills and coins circulating throughout the economy are know as ..... A) Banknotes. B) Fiat Money. C) Currency. D) Financial Intermediary. Show Answer Correct Answer: C) Currency. 18. This is when a company will pledge to repay a specific amount of money along with interest A) Corporate Bond. B) Government Bond. C) James Bond. D) None of above. Show Answer Correct Answer: A) Corporate Bond. 19. Portion of income not spent on consumption A) Savings. B) Saving. C) Consumption. D) Interest. Show Answer Correct Answer: A) Savings. 20. The system in which banks keep a portion of deposits in reserve and make loans with the rest is known as A) 401(k) retirement plans. B) Fractional reserve banking. C) He barter method. D) The Federal Reserve system. Show Answer Correct Answer: B) Fractional reserve banking. ← 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 7Saving And Investing Quiz 8Saving And Investing Quiz 9Saving And Investing Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books