Personal Finance - Chapter 8
Quiz by Adam Zlomke
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13 questions
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- Q1The four classes of mutual funds include..Growth, Growth and Income, Aggressive Growth, InternationalStock, Bond, Growth, AggressiveGrowth, Balanced, International, BondInternational, Bond, Aggressive Growth, Growth30s
- Q2Which of the following is a horrible investment option?BondsMutual FundsStocksViaticals30s
- Q3As risk goes up, the higher the reward.FalseTrue30s
- Q4The more you diversify your investments, the more you reduce your..RiskReturnIncomeTax Liability30s
- Q5Which of the following accounts would allow you to withdraw funds without taxation upon retirement?Traditional IRAAnnuities401(k)Roth IRA30s
- Q6As you begin investing for your future, you should change your investment strategy often..FalseTrue30s
- Q7Employee benefit packages are major considerations when looking for a job..TrueFalse30s
- Q8A savings account sold by insurance companies that offer payments at specific intervals during retirement is called a/an...money market accountbondmutual fundannuity30s
- Q9A retirement plan offered to employees in non profit organizations is called..403(b)457GIC401(k)30s
- Q10Your investment portfolio should always be very complex and confusing.FalseTrue30s
- Q11If you change jobs and have a 401(k) with your previous employer, you should always roll it over into a IRA.TrueFalse30s
- Q12A tool that lists all of your investments is called a/an..BinderFolderInvestment BookPortfolio30s
- Q13If you have a liquid investment, you would find it very difficult to get your money quickly..FalseTrue30s