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Quiz by Shanice Jackson

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20 questions
Show answers
  • Q1
    When you get ready to retire, you want to make sure you have enough (blank) to live comfortably
    friends
    family
    financial resources
    education
    30s
  • Q2
    Assistance like (blank) and company (blank) by not be sufficient to cover your cost of living.
    what?
    stocks and bonds
    social security and pensions
    mutual funds and retirement
    30s
  • Q3
    Financial advisors say 50% to 60% of their before-retirement salary to live comfortable. (T/F)
    False
    True
    30s
  • Q4
    Equity is money that is “tied up” in property, not income. (T/F)
    True
    False
    30s
  • Q5
    Advisers say to make this goal achievable, you’ll need to start saving at the (blank) of your work life.
    beginning
    end
    middle
    who cares?
    30s
  • Q6
    (blank) income investments are a more practical choice
    Mixed-income
    Fixed-income
    I don't know
    Variable-income
    30s
  • Q7
    If there is a period between your retirement and Medicare coverage where you are uncovered by health insurance, then you are not responsible for covering the costs. (T/F)
    True
    False
    30s
  • Q8
    Economists analyze certain trends in the economy called (blank) to look for hints about trends in the economy.
    stocks
    market shares
    bonds
    economic indicators
    30s
  • Q9
    (blank) indicators shift after the economy changes.
    leading
    GDP
    coincident
    Lagging
    30s
  • Q10
    (blank) indicators tell us where we are at currently
    GDP
    Coincident
    Leading
    Lagging
    30s
  • Q11
    Dollar cost averaging fulfills the the investment montra of:
    Buy a lot, sell a lot
    Buy low, sell high
    Buy high, sell low
    Buy low, don't sell
    30s
  • Q12
    Employment and real earnings are (blank) indicators
    Lagging
    Coincident
    Leading
    I don't know
    30s
  • Q13
    Changes in GDP and unemployment rates are (blank) indicators
    Leading
    GDP
    Lagging
    Coincident
    30s
  • Q14
    Budgeting must continue through retirement. (T/F)
    True
    False
    30s
  • Q15
    What can affect exchange rates?
    political situation
    All of these
    change in interest rates
    a country's economy
    30s

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