Financial Literacy Basics for teenagers
Authored by Tuoya Deach
Financial Education
8th Grade
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mutual fund is a managed portfolio of many different stocks
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An index fund or Exchange Traded Funds (ETFs) is a to match the performance of a group of companies
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Even with all of the recessions and expansions of recent and distant past, diversified stock holdings like mutual funds, index fund/ETFs have earned about a 7% real annual rate of return.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An asset earning 3% annually will double in value in 23 years, but an asset earning 7% will double value every 10 years.
True
False
5.
DRAG AND DROP QUESTION
1 min • 1 pt
Financial Literacy Checklist:
1. (a) Earning through a budget
2. Save to build up (b)
3. Put together a (c) financial plan
4. (d) expenses and liabilities
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