Formula for Simple Interest?

Interest= Principal x Rate x Time

Interest=Rate x Time divided by Principal

Interest= Principal x Rate divided by Time

Interest= Principal x Time divided by Rate

What term is used when referring to when compound interest doubles? Formula?

Rule of 72 (72 divided by rate=# of years for $ to double)

Rule of 78 (72 divided by rate=# of years for $ to double)

Rule of 86 (86 divided by rate=# of years for $ to double)

300 divided by rate=# of years for $ to double

What is human capital?

Knowledge, skills, health, and values individuals possess

Helping the environment with something

What is opportunity cost?

Next best alternative that one gives up when making a choice

What is a major difference between a stock and bond?

Stock is ownership in a company, a bond is a loan

A bond is ownership in a company, stock is a loan

A bond can always be resold for its face value

A stock can always be resold for its face value

How does a firm become a corporation?

With an IPO (Initial Public Offering)

With an LPO (Last Public Offering)

By having someone help you corporate it

What is the risk of buying stock?

Having to give your money to other people

Which is a risk of buying bonds?

You might earn less than people who buy stocks

Stocks are way more safe, you shouldn't buy bonds

Which is not an advantage of buying bonds?

They are more risky than stocks

They have fairly predictable returns

If you invest in stock, you should know about the company. Which of these wouldn't matter?

What is happening in the stock industry

What does it mean to "pay yourself first"?

Buying everything you buy for yourself

Which of the following is the best definition of saving?

Disposable income minus consumption spending

The discount received from buying something on sale

Putting your money under your mattress

The interest paid on a savings account

Which of the following is a reason to save?

Penalty for taking your savings out of the bank

Not being able to buy something right now

Having to go to the bank before making a purchase

How does a Personal Investment differ from Educational Investment?

Personal investments can be easily turned to cash

Costs must be paid in the present for Personal Investment

Investors receive returns in future for Personal Investment

Investing Lesson 1-3 Intro Quiz: 27 Practice Questions

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have $100 in your savings for one year & a interest rate of 6%. How much $ will you earn?

$5

$4

$6

$2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At a compound interest rate of 5% how many years will it take to double your money?

4.4 years

14.4 years

7.0 years

10.0 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 3 criteria most often used by investors to judge personal investments?

Buying, spending, selling

Liquidity, Return, Selling

Return, Risking, Selling

Liquidity, Risk, Return

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of investing?

Putting money into a piggy bank at home

Saving spare change and using it to buy snacks

Buying a U.S savings bond

Buying groceries for the family

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between Economic Investing (EC) and Personal Investment (PI)?

There is no difference

Economic Investment involves risk

Economic Investment involves technology/ PI involves stocks

Personal Investment involves risk

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an investment?

Buying 100 shares of Microsoft Inc.

Buying a Microsoft bond, which promises to pay back the $

Buying a bond issued by the government of Mexico

Buying a hamburger for lunch

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two ways to pay interest?

Compound/ Complex

Simple/ Complex

Compound/ Investing

Simple/ Compound

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Investing Lesson 1-3 Intro

You have $100 in your savings for one year & a interest rate of 6%. How much $ will you earn?

At a compound interest rate of 5% how many years will it take to double your money?

What are 3 criteria most often used by investors to judge personal investments?

Which of the following is an example of investing?

What is the difference between Economic Investing (EC) and Personal Investment (PI)?

Which of the following is not an investment?

What are the two ways to pay interest?

Formula for Simple Interest?

What term is used when referring to when compound interest doubles? Formula?

2 main types of Investing?

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