97903fd562b1750ad90684c26f2e929c.ppt
- Количество слайдов: 32
Who Wants To Be A Millionaire? Instructor Name Personal Finance
#1 What is the “PYF” principle? A: Provide For Yourself B: Peanuts, Yogurt & Fruit C: Pay Yourself First D: Principal, Years, Funds
Pay Yourself First
#2 Which of the following is a stock exchange? A: NASDAQ B: DJIA C: IPO D: AAA
NASDAQ
#3 What is the suggested percent of income that one should save when following the “PYF” principle? A: 2% B: 10% C: 20% D: 50%
10%
#4 If you have $50 in savings for one year at an interest rate of 7 percent, how much interest will you earn at the end of the year? A: $. 35 B: $3. 50 C: $35. 00 D: $7
$3. 50
#5 If you have an 8 -percent compound interest rate on your savings of $1, 000, how many years will it take for these savings to reach $2, 000? A: 7. 2 years B: 8 years C: 9 years D: 10 years
9 years
#6 Which of the following is an example of investing? A: Buying a pop and B: Saving your allowance to buy a DVD. C: Putting money in a box D: Buying a U. S. Savings Bond candy bar under your bed.
Buying a U. S. Savings Bond
#7 What are three rules of building wealth over the long term? A: Start early, buy and hold, and diversify Trade early, trade C: often, and trade comfortably B: D: Seek liquidity, buy on margin, and sell short Buy aggressively, short cover, and borrow
Start early, buy and hold, and diversify
#8 Which of the following is an incentive that encourages people to save money? A: Earning interest on B: C: The opportunity cost D: could be purchased money saved. of saving The marginal cost of saving Giving up things that now.
Earning Interest on Money Saved
#9 If you have $100 in savings for one year at an interest rate of 5 percent, how much Interest will you earn at the end of the year? A: $5 B: $4 C: $3 D: $2
$5
#10 The formula for calculating simple interest is: Interest = A: Loan X Rate X Dividend B: Principal X Rate X Yield C: Rate X Time X Yield D: Principal X Rate X Time
Interest = Principal X Rate X Time
#11 Which of the following is NOT an investment? A: Buying 100 shares of Disney Buying a bond issued C: by the government of Mexico. Buying a bond from Coca B: -cola, which promises to pay back the money plus interest D: Buying a hot dog at the baseball game.
Buying a hot dog at the baseball game.
#12 One way people can earn money from stocks is by A: Buying stock from an Selling the stock for a B: lower price than the price they paid for the stock. Selling the stock for a C: higher price than the price they paid for the stock. Selling the stock for the same price as the D: price they paid for the stock. investment banker.
Selling the stock for a higher price than the price they paid for the stock.
#13 Which of the following statements about mutual funds is true? All mutual funds are A: the same. Mutual funds allow B: investors to spread risk among several stocks and bonds. Load funds do not charge C: a sales commission but invest in lower-quality stocks. D: not charge Many mutual funds do management fees.
Mutual funds allow investors to spread risk among several stocks and bonds.
#14 What are the five steps used in the decision-making process? Plan, alternatives, A: choices, evaluation, Plan, alternatives B: criteria, evaluation, decision Problem, action, C: conditions, execution, decision D: Problem, alternatives, criteria, evaluation, decision
Problem, alternatives, criteria, evaluation, decision
#15 Josh is stressing out about making an investment that involves high risks. Which one of the following is his safest investment option? A: Savings Account B: Putting his money in a box under his bed C: Mutual Fund D: Stocks
Savings Account
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97903fd562b1750ad90684c26f2e929c.ppt