Roth IRAs, Simple IRAs, and 401Ks are all examples of:

Retirement accounts, Tax shelters

The money you contribute to a roth IRA is...

already taxed, and will not be taxed later

When one refers to business equity, they are referring to...

Partial ownership of the business

The annual contribution limit for an IRA is...

$7000, $8000 if you're 50 or older

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Biz class - Finances!!

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Questions 14

Answers

1
It is a good idea to get your emergency account funded, and debt repayed before contributing to retirement.
False
True
2
Roth IRAs, Simple IRAs, and 401Ks are all examples of:
Retirement accounts
Checking accounts
Putting money in your mattress
Tax shelters
3
The money you contribute to a roth IRA is...
will not be taxed until you withdraw
already taxed, and will not be taxed later
4
What is an example of a productive asset?
A parking garage
A birdbath
Collectible t-shirt
Painting
5
Your stock market challenge is a good example of what?
Bonds
REITs
Outright ownership
Pooled ownership
6
When one refers to business equity, they are referring to...
Losses in profit from the business
Having the business named after you
Partial ownership of the business
Equal share in the business
7
401Ks are typically set up by...
Bill Gates
You, and only you
Your wealthy benefactor
Your employer
8
The annual contribution limit for an IRA is...
There's no limit
1 gazillion dollars
$7000, $8000 if you're 50 or older
$5500, $6500 if you're 50 or older
9
IPO stands for....
Investigating productive offers
Internal procedure overview
Instantly pooping otters
Initial public offering
10
In a brokerage account, you can remove your money at any time without penalty.
True
False
11
REIT stands for...
Real estate investment technician
Real estate investment trust
Real estate internal transit
Real time with Bill Maher
12
A blue chip stock is one that grows gradually and steadily over time.
False
True
13
Mutual Funds, ETFs (exchange traded funds), and REITs are all examples of what?
Outright ownership
Stocks
Pooled ownership
14
A bond can best be described as:
A way for governments or corporations to raise money quickly
All of these
A loan that gathers interest over time
A way to invest your money that potentially has very steady growth

Biz class - Finances!! Flashcards | StudBud