Saving/Investing Training
Complete the following quiz to complete your training.
Question 1 of 9) Which of the following is a benefit of saving money?
Saving tools offer compound interest - meaning you earn interest not only on the money you deposit, but also on any interest that accumulatesSaving is fundamental to reaching your life goals
Both A & B
Answer: Both A & B
Question 2 of 9) Which of the following is typically described as a savings tool?
StocksMoney market accounts
Mutual funds
Answer: Money market accounts
Question 3 of 9) Before you start investing, what is one thing you want to be sure of?
You are just starting to build an emergency fundYour credit card is close to being maxed out
You live within your means
Answer: You live within your means
Question 4 of 9) When you purchase a Certificate of Deposit, you are lending money to who?
The federal governmentA bank or credit union
A corporation
Answer: A bank or credit union
Question 5 of 9) Which is true about conservative investors?
They accept great risk of losing their moneyTypically invest in securities issued by the government, including Treasury bills, notes, and bonds
Typically are rewarded with high rates of return
Answer: Typically invest in securities issued by the government, including Treasury bills, notes, and bonds
Question 6 of 9) Which of the following should you consider when creating your investment plan?
The monthly amount you can afford to investYour anticipated return
Both A & B
Answer: Both A & B
Question 7 of 9) Which of the following is a characteristic of a long-term investor?
Cannot withstand market volatilityDo not understand how the markets are performing
Understand market timing
Answer: Understand market timing
Question 8 of 9) Which of the following is true about mutual funds?
There is little diversificationThey are managed by a professional that decides when to buy & sell the investments in the fund
Typically include only one type of investment
Answer: Managed by a professional that decides when to buy & sell the investments in the fund
Question 9 of 9) Which is true about moderate investors?
Invest in dividend-paying common stocks, growth and income mutual funds, corporate bonds, government bonds, and real estateAllow a great amount of risk of losing money
Are uncomfortable during falling & rising market conditions
Answer: Invest in dividend-paying common stocks, growth and income mutual funds, corporate bonds, government bonds, and real estate
FINAL RESULTS
0-3 Correct
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FINAL RESULTS
3-6 Correct
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FINAL RESULTS
7-9 Correct
Please describe one thing you learned:
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