Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance (Unit 5 - Part 2)
Test Description: Part 2
Instructions: Answer all questions to get your test result.
1) Harris is concerned about the effects of inflation on his investment returns. Which statement best describes inflation?
A
The projected value of an investment at the end of a specified time frame
B
The uncertainty about the return on an investment
C
The rise in the general level of prices
D
The number of times something happens to money
2) Which is a feature of a money market deposit account?
A
No minimum balance requirements
B
The money must remain in the account for a specific period of time
C
Tiered interest rates
D
Unlimited transactions every month
3) Which statement is true of mutual funds?
A
Mutual funds are superior purchasing to a single stock.
B
Mututal funds are speculative investments.
C
Mutual funds are diversified investments.
D
Mutual funds are a form of real estate investment.
4) Alisa is looking for an investment that is structured to have tax benefits. She should look for information on:
A
index funds.
B
tax-rated bonds.
C
tax-advantaged investments.
D
speculative investments.
5) In relation to other options, how liquid is a savings account?
A
More liquid than a checking account
B
More liquid than a certificate of deposit
C
More liquid than cash
D
Less liquid than mutual funds
6) Which is not true with regard to investing in stock?
A
A stockholder may or may not receive a dividend.
B
A stockholder owns a part of a company.
C
A stockholder will always receive a profit when the stock is sold.
D
Depending upon the current market price, stockholders may pay different prices for the same stock.
7) In relation to the rate of inflation, it is best to have the rate of return on an investment:
A
higher, to maintain purchasing power.
B
lower, in order to minimze taxes.
C
higher, to minimize risk.
D
lower, in order to minimize risk.
8) Which statement is true with regard to paying taxes on investments?
A
Taxes are always paid on investments either when the money is placed in the investment or removed from the investment.
B
Taxes only have to be paid on employer-sponsored investment accounts.
C
Taxes are often owed on profits generated from investments.
D
Since investments are considered unearned income, taxes do not have to be paid on earnings.
9) When a goal has been set to save $100.00 a month for an emergency fund of $2,000.00, giving up food from the vending machine to achieve that goal is the:
A
interest.
B
specific part of the SMART goal.
C
opportunity cost.
D
trade-off.
10) Hannah needs a savings tool to help her manage her everyday purchases. The savings tool needs to be very liquid and accessible. Which savings tool should Hannah choose?
A
Money market deposit account
B
Checking account
C
Certificate of deposit
D
Any of the above savings tools
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?