Chapter 33 Money Mgt. Quiz Review
Liquidity refers to an investment that...
is easily changed into cash.
Rogelio wants to earn as much as possible on his savings. He should select a savings plan with...
a high yield.
Which of the following describes APY?
the annual percentage yield.
Putting money aside for future use is best achieved with the use of...
a savings plan.
Which of the following helps our economy?
all the above. ( 1. government borrows to build highways and schools 2. consumers borrow to pay for homes and college 3. businesses borrow to expand their operations. )
Which of the following commonly borrow to build highways and schools and to provide other public services?
governments.
Savings grow over the years as a result of...
interest earned.
Lower yields on savings also usually mean the investment has...
low risk.
Low risk on savings usually means the investment has...
low yield.
Which of the following is Not defined in the Truth in Savings Law?
the fees on the safe-deposit box.
What is 18% of 117,334?
$21,120,12.
Money put in a savings account is most often...
borrowed by individuals and businesses.
When deciding how to invest your savings, three main factors should be considered...
both a and b. ( interest, safety, liquidity )
Percent is derived from two Latin words "per centum", meaning...
both a and c. ( per one hundred or by the hundred ).
A person's savings would grow fastest if the money was compounded...
daily.
An individual's savings would grow fastest if the money were compounded...
daily.
Which of the following has the lowest liquidity?
real estate.
Which of the following has the highest liquidity?
savings account.
The safest way of putting money aside for future use is...
savings plan.
Invest commonly refers to...
using your savings to earn more money.