Download - Saving and Investing Standard 5 Test Review
![Page 1: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/1.jpg)
Saving and Investing Standard 5Test Review
![Page 2: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/2.jpg)
If you need to save for a vacation, where should you put
your money?
![Page 3: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/3.jpg)
Savings Account
![Page 4: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/4.jpg)
Who backs government savings bonds?
![Page 5: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/5.jpg)
U.S. Government
![Page 6: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/6.jpg)
How much risk is involved when you purchase a government
savings bond?
![Page 7: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/7.jpg)
Little or no default risk
![Page 8: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/8.jpg)
What type of risk is involved in purchasing stocks?
![Page 9: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/9.jpg)
High Risk
![Page 10: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/10.jpg)
What is a good investment for long-term goals?
![Page 11: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/11.jpg)
Stocks
![Page 12: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/12.jpg)
_____ is how easy it is to turn an item into cash without losing any
money.
![Page 13: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/13.jpg)
Liquidity
![Page 14: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/14.jpg)
What is the potential that you will not get your money back
once it is invested
![Page 15: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/15.jpg)
Default Risk
![Page 16: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/16.jpg)
What is one of the best options to put aside money for long-term
goals?
![Page 17: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/17.jpg)
A mutual fund
![Page 18: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/18.jpg)
Why is a mutual fund a good option to put your money in for
long-term goals?
![Page 19: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/19.jpg)
It is diversified
![Page 20: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/20.jpg)
What is the original amount of money deposited for investing?
![Page 21: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/21.jpg)
Principal
![Page 22: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/22.jpg)
Investing in a mutual fund is good for someone with a
![Page 23: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/23.jpg)
Low-risk tolerance
![Page 24: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/24.jpg)
What shows past performance and how it might do in the
future?
![Page 25: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/25.jpg)
Average Rate of Return
![Page 26: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/26.jpg)
How much money will you have at the end of three years if your principal is $50 and your interest
rate is 10%? (simple interest)
![Page 27: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/27.jpg)
$50 * 10% = $5$50 * 10% = $5$50 * 10% = $5
$50 + $5 + $5 + $5 = $65
![Page 28: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/28.jpg)
Which is more liquid?Money in a savings account
orMoney invested in real estate
![Page 29: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/29.jpg)
Money in a savings account
![Page 30: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/30.jpg)
Which form of interest provides the greatest return?
![Page 31: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/31.jpg)
compound
![Page 32: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/32.jpg)
Buying stocks in several different companies is known as
![Page 33: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/33.jpg)
Diversifying a portfolio
![Page 34: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/34.jpg)
True or FalseLow interest rates decrease the
incentive to save.
![Page 35: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/35.jpg)
True
![Page 36: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/36.jpg)
True/FalseA savings account is best for meeting short-term goals.
![Page 37: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/37.jpg)
True
![Page 38: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/38.jpg)
True/FalseIt is better to wait until interest rates are high to start saving.
![Page 39: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/39.jpg)
False
![Page 40: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/40.jpg)
True/FalseInvesting tends to have a higher
risk than savings, resulting in potentially higher rates of return.
![Page 41: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/41.jpg)
True
![Page 42: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/42.jpg)
What is an overall increase in prices?
![Page 43: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/43.jpg)
inflation
![Page 44: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/44.jpg)
What would increase the amount of time needed to double your
money?
![Page 45: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/45.jpg)
Low Interest Rates
![Page 46: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/46.jpg)
What are designed to provide higher rates of return than
savings accounts as the money is invested in very short-term
investments with a low risk?
![Page 47: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/47.jpg)
Money Market Mutual Funds
![Page 48: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/48.jpg)
What is an easy way to determine how long it will take
your money to double using compound interest?
![Page 49: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/49.jpg)
The Rule of 72
![Page 50: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/50.jpg)
True/FalseTaking the time to review your
investments and make adjustments in your portfolio can
be an expensive and time consuming process.
![Page 51: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/51.jpg)
False
![Page 52: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/52.jpg)
True/FalseTaking the time to review your
investments and make adjustments in your portfolio is just as important as reviewing
your personal and financial goals.
![Page 53: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/53.jpg)
True
![Page 54: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/54.jpg)
Deciding whether to go to a concert or to save illustrates
![Page 55: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/55.jpg)
Opportunity Cost
![Page 56: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/56.jpg)
What has a relatively high level of risk?
![Page 57: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/57.jpg)
Stocks and Bonds
![Page 58: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/58.jpg)
What type of interest is calculated as principal plus any interest they have already paid
you?
![Page 59: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/59.jpg)
Compound
![Page 60: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/60.jpg)
True/FalseSavings and investing is only for
wealthy people.
![Page 61: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/61.jpg)
False
![Page 62: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/62.jpg)
True/FalseSavings is only for people with
high levels of income and investing is for people with
limited income.
![Page 63: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/63.jpg)
False
![Page 64: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/64.jpg)
True/FalseSavings and investing is
important for people of all income levels.
![Page 65: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/65.jpg)
True
![Page 66: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/66.jpg)
True/FalseSavings is only for people with limited income and investing if for people with high levels of
income.
![Page 67: Saving and Investing Standard 5 Test Review](https://reader036.vdocuments.net/reader036/viewer/2022062501/5681697a550346895de17c24/html5/thumbnails/67.jpg)
False