Personal Finance - Saving And Investing For The Future - Part 5 Question Preview (ID: 1929)
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Because investments are often risky, you should make them in addition to - not instead of - regular savings.
a) True
b) False
c)
d)
A regular savings account is illiquid because you cannot withdraw your money at any time without penalty.
a) True
b) False
c)
d)
The type of savings account offered to members of a credit union is called a
a) regular savings account
b) money market account
c) mutual fund
d) share account
Earnings on savings can be measured by the rate of return, or yield (APY).
a) True
b) False
c)
d)
Which of the following is NOT a disadvantage of investments through a brokerage firm?
a) Low risk
b) Illiquid
c) High minimum deposit
d) Not insured
Corporate bonds are debt obligations of state/local governments, whereas municipal bonds are debt obligations of corporations.
a) True
b) False
c)
d)
A financial market or a group of securities in which prices are rising or are expected to rise is known as a
a) bull market
b) bear market
c)
d)
A market condition in which the prices of securities are falling is called a
a) bear market
b) bull market
c)
d)
The phrase "Don't put all your eggs in one basket" illustrates the concept of diversification.
a) True
b) False
c)
d)
APY stands for
a) Annual Profit Yield
b) Annual Principle Yield
c) Annual Percentage Yield
d) Aging Property Yield
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