Money Management Quiz #9

Percent is derived from two Latin words "per centum", meaning:

Both a and c

Which of the following commonly borrow to build highways and schools to provide other public services?

governments

Which of the following best describes APY?

the annual percentage yield

Which of the following is NOT defined in the Truth in Savings Law?

the fees on the safe-deposit box

Rogelio wants to earn as much as possible on his savings. He should select a savings plan with:

a high 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 of the above

Savings grow over the years as a result of:

interest earned

Liquidity refers to an investment that:

is easily changed into cash

Lower yields on savings also usually mean the investment has:

low risk

Low risk on savings usually means the investment has:

low yield

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

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

Investing commonly refers to:

using you savings to earn more money