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Personal Finance - Chapter 8

Quiz by Adam Zlomke

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13 questions
Show answers
  • Q1
    The four classes of mutual funds include..
    Growth, Growth and Income, Aggressive Growth, International
    Stock, Bond, Growth, Aggressive
    Growth, Balanced, International, Bond
    International, Bond, Aggressive Growth, Growth
    30s
  • Q2
    Which of the following is a horrible investment option?
    Bonds
    Mutual Funds
    Stocks
    Viaticals
    30s
  • Q3
    As risk goes up, the higher the reward.
    False
    True
    30s
  • Q4
    The more you diversify your investments, the more you reduce your..
    Risk
    Return
    Income
    Tax Liability
    30s
  • Q5
    Which of the following accounts would allow you to withdraw funds without taxation upon retirement?
    Traditional IRA
    Annuities
    401(k)
    Roth IRA
    30s
  • Q6
    As you begin investing for your future, you should change your investment strategy often..
    False
    True
    30s
  • Q7
    Employee benefit packages are major considerations when looking for a job..
    True
    False
    30s
  • Q8
    A savings account sold by insurance companies that offer payments at specific intervals during retirement is called a/an...
    money market account
    bond
    mutual fund
    annuity
    30s
  • Q9
    A retirement plan offered to employees in non profit organizations is called..
    403(b)
    457
    GIC
    401(k)
    30s
  • Q10
    Your investment portfolio should always be very complex and confusing.
    False
    True
    30s
  • Q11
    If you change jobs and have a 401(k) with your previous employer, you should always roll it over into a IRA.
    True
    False
    30s
  • Q12
    A tool that lists all of your investments is called a/an..
    Binder
    Folder
    Investment Book
    Portfolio
    30s
  • Q13
    If you have a liquid investment, you would find it very difficult to get your money quickly..
    False
    True
    30s

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