Personal Finance Test

Which of the following is considered the safest bond to invest in?

Which of the following is NOT the four most common ways banks offer for people to save money?

Which chara. of money states that it must “withstand the phys. wear + tear that comes from being used over + over again”

What is the average credit score for the American people?

Which of the following is considered the riskiest bond to invest in?

When looking to sign up for a credit card, which of the following is NOT something to look at?

During a Bull market investors are usually happy because....

Which of the following is an example of commodity money?

The interest rate on a credit card is known as…

Some investments involve taking risk

During a bear market, what generally happens to stock prices?

Diversification guarantees that your investments won’t suffer if the market drops

Which characteristic of money states that people must be “able to count and measure money accurately?

The amount of money you borrow from a bank is known as…

Which of the following is NOT a use of money

The riskier the investment is, the greater the potential reward is

When is money NOT a good store of value?

Why is money used as a medium of exchange?

What does a credit score tell banks?

Which of the following is NOT a component of bonds?

Banks and credit card companies make their money through interest

During a bull market, what generally happens to stock prices?

When creating a budget, what are the types of expenses you need to predict?

What strategy do investors use to protect themselves from risk?

What do investors do during a bear market?