Saving, Investing and Misc.

Question 1

The higher the APY (Annual % Yield or Interest Rate you will receive) on your saving choice, the _______?

Accepted Answer

Greater your earnings or return will be

Question 2

If you buy a stock for $50 and sell it 2 years later for $125, the $75 increase is called?

Accepted Answer

a capital gain

Question 3

When it comes to saving money, what is a good rule of thumb?

Accepted Answer

put 10-20% of your paycheck into savings

Question 4

Which of the following are P2P (Person to Person) payment options?

Accepted Answer

All of the above

Question 5

A savings option that provides a guaranteed interest rate return after a specified time period

Accepted Answer

CD or Certificate of Deposit

Question 6

Investors nearing retirement will typically shift their investment portfolios to include?

Accepted Answer

lower risk investments like bonds and CD's

Question 7

To be successful in the stock market an investor must be?

Accepted Answer

all of the above

Question 8

Which of the following would you set up to help yourself thru a future financial crisis?

Accepted Answer

emergency fund

Question 9

The $ you earn and the bank adds to your Savings Account for having your money kept at their bank

Accepted Answer

Interest

Question 10

The Dow Jones Industrial Average is a list of

Accepted Answer

the 30 largest and richest blue-chip companies in the US

Question 11

You can earn a higher interest rate on your savings if interest is ______ daily vs. annually

Accepted Answer

compounded

Question 12

A company's profits are paid to its stockholders in the form of _______?

Accepted Answer

cash or stock dividends

Question 13

Saving should always be thought as paying ______ first?

Accepted Answer

yourself

Question 14

An investment option in which investors buy a diversified portfolio of assets?

Accepted Answer

Mutual Fund

Question 15

Taking $ out of your checking account usually from an ATM machine with your debit card

Accepted Answer

Withdrawal

Question 16

An investment option that provides partial ownership in a company

Accepted Answer

stock

Question 17

How much money should you have in an emergency fund?

Accepted Answer

3-6 months of fixed, living expenses

Question 18

When would you need to use the Rule of 72?

Accepted Answer

to find how long it would take for your money to double

Question 19

A ______ can help you with investing your money, retirement planning and other saving options

Accepted Answer

Financial Advisor or Certified Financial Planner

Question 20

Which of the following conditions will maximize the amount of interest you earn?

Accepted Answer

A high interest rate and long period of time

Question 21

If you lose your job, you can cut back on expenses by

Accepted Answer

cutting back on discretionary purchases

Question 22

In saving and investing, risk is related to

Accepted Answer

liquidity and Return

Question 23

In a bear market, investors?

Accepted Answer

are pessimistic

Question 24

Which of the following retirement plans offer tax benefits?

Accepted Answer

All of the above

Question 25

Why is it smart to begin investing in the stock market at an early age?

Accepted Answer

all of the above

Question 26

To help ensure that your savings plan will be successful you should

Accepted Answer

set goals that are realistic and achievable

Question 27

The condition of the stock market when investors are optimistic?

Accepted Answer

bull market

Question 28

A transaction that moves $ from your checking account to your savings account?

Accepted Answer

transfer

Question 29

Diversification is important in investing because it?

Accepted Answer

helps you balance risk across different investment types

Question 30

If you put $ in a savings a/c earning a return of 1% and inflation is currently at a 6% rate, will your money be worth

Accepted Answer

less in the future

Question 31

Buying ______ is a low risk way of loaning money to Hillsborough Township to build a new HHS

Accepted Answer

bonds

Question 32

The ability of an asset to be quickly or easily be converted into cash is called?

Accepted Answer

liqiuidity

Question 33

Which of these retirement plans is tax-deferred?

Accepted Answer

401(k) Plan

Question 34

Having your paycheck electronically transferred into your checking account by your employer

Accepted Answer

direct deposit

Saving, Investing and Misc.

Questions 34

Saving, Investing and Misc.

Questions 34