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Investing in a Market Economy
Quiz by David Trees
High School
Economics with Emphasis on the Free Enterprise System and Its Benefits
Texas Essential Knowledge and Skills (TEKS)
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3 questions
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- Q1Why is it important to pay off debts before investing?because of tax considerations.because the interest on debts usually exceed the amount you earn.because it will eliminate unwanted phone calls from banks.45s113.31.C.16
- Q2What kind of risk is involved in putting money in a bank savings account?very high riskvery little if anyyou may lose it all.45s113.31.C.16
- Q3Why are long- term investors more tolerent of risk than short -term investors?short -term investing and lon-term investing have the same amount of risk.long-term investing allows for time to recover short -term losses.reduses the risk of investing and is safer.45s113.31.C.16