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Financial Literacy: Banking Basics Pt. 2 Flashcards | StudBud

Explore/Financial Literacy: Banking Basics Pt. 2

Financial Literacy: Banking Basics Pt. 2

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Let's talk about investing!

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Questions 5

Answers

1
Investing is best for______________
Long Term Financial Goals, Like Paying for Retirement
Short Term Financial Goals, Like Building An Emergency Fund
Earning A Little Interest While Keeping Your Money Safe
Guaranteed Fast Growth on Your Money
2
A mutual fund is _____________
A Type of Debt Investment That Acts Like a Loan
Savings Account That Pays Interest Based On Current Interest Rates
A Share of Ownership in a Company
Type of Investment That Invests In a Mix of Different Types of Investments
3
Which of the following is NOT a common feature of a financial institution?
Check and Savings Accounts
Paper Checks
Direct Deposit
Access to Investment Advice
4
Which savings account will earn you the most money?
One That Compounds Interest Monthly
One That Earns Simple Interest Monthly
One That Compounds Interest Daily
One That Earns Simple Interest Daily
5
Which statement about stocks is TRUE?
A Stock Is a Type of Investment That Invests In a Mix of Investments
A Stock Is a Type of Savings Account
A Stock Is a Type of Debt Investment That Acts Like a Loan
A Stock Is a Share of Ownership in a Company