Unit 4 Lesson 4 Review Question Preview (ID: 58739)
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What is the average interest rate on a bank savings account?
a) 5%
b) .05%
c) 2%
d) 10%
What is a Certificate of Deposit?
a) Savings account that yields more interest, must the deposit must be maintained in the bank for a year
b) A certificate stating that you are enrolled in a savings account somewhere
c) The riskiest form of savings around
d) What you receive from the bank after depositing money
What does ROI stand for?
a) Ratio of Interest
b) Reset on Interest
c) Return on Investment
d) Ratio of Investment
What are considered the safest bonds available?
a) Government issued bonds
b) Stock bonds
c) Commercial bonds
d) No bonds are a safe investment
Which is an example of passive income?
a) Wages from a part time job
b) Rental property
c) Teaching cooking lessons
d) Your 401k savings account
What is the average interest rate on a bank savings account?
a) .05%
b) .5%
c) 2%
d) 10%
What is a Certificate of Deposit?
a) Savings account that yields more interest, must the deposit must be maintained in the bank for a year
b) A certificate stating that you are enrolled in a savings account somewhere
c) The riskiest form of savings around
d) What you receive from the bank after depositing money
What does ROI stand for?
a) Realistic Offer Investment
b) Return on Investment
c) Ratio of Investments
d) Ratio of Income
What are considered the safest bonds available?
a) Government issued bonds
b) Commercial issued bonds
c) No bonds are safe
d) Stock bonds
Which is an example of passive income?
a) Rental property
b) Teaching golf lessons
c) Money earned from a job
d) Borrowing money
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