Starting A Savings Program

Question 1:   What is putting money aside in a systematic way to help reach a financial goal?
Mortgage Plan
Savings Plan
Investing

Question 2:   _______ is money you receive for letting others use your money.
Interest
Market Value
Stock Exchanges

Question 3:   What is the interest that is computed only on the amount saved?
Compound Interest
Investing
Simple Interest

Question 4:   What is the interest that is computed on the amount saved plus the interest previously earned?
Simple Interest
Yield
Compound Interest

Question 5:   What is the assurance that the money you have invested will be returned to you?
Safety
Liquidity
Yield

Question 6:   A good _______ plan should earn a reasonable amount of interest.
compound
business
savings

Question 7:   The _____, is also called the rate of return.
liquidity
interest
yield

Question 8:   What is the ease with which an investment can be changed into cash without losing any of its value?
yield
savings plan
liquidity

Question 9:   Your ______ serve a very useful economic purpose.
savings
simple interest
investing

Question 10:   When an investment can be turned into money quickly, it is said to be a ________________.
business
savings plan
liquid investment

Question 11:   Our economic system would be significantly weakened without _______________________.
simple interest
savings and investments
compound interest

Question 12:   The amount of _________ you need will depend upon your personal situation and expected financial needs.
liquidity
savings
liquid investments

Question 13:   Compared to people in most other nations, U.S. consumers save a very ____ percentage of their incomes.
high
moderate
low

Question 14:   Banks, credit unions, and savings and loan associations usually welcome small as well as large savings ________.
plans
investments
deposits

Question 15:   The offer of a low rate of _____, however, does not guarantee safety.
interest
investment
plan

This Quiz has been designed by Amber Duke.