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Savings and Investing

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Last updated over 6 years ago
6 questions
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Question 1
1.

A savings account offers a very low risk of losing your money, however, you should expect

Question 2
2.

You select a savings tool that is low risk, but requires you to leave your money in the account for at least one year. If you take it out early, they charge you a significant penalty. Which savings tool did you select?

Question 3
3.

Bria is a high school senior. She just inherited $5,000. She does not need to use the money now, and would instead like to invest the money in a tool that will give her the HIGHEST potential returns. Which of the following would be the best investment tool for Bria?

Question 4
4.

At 22, you decide to begin putting money into an Individual Retirement Account (IRA). Which of the following BEST describes the benefits that ONLY a traditional IRA can give you?

Question 5
5.

Nick wishes to place his money in a diversified investment with high potential returns. Which of the following should he select?

Question 6
6.

A low risk investment that involves loaning funds to the government for a specific time period for a specified return is a