pennies overlapping
investing
Investing Basics: Chapter 1 quiz

If you think you've mastered the material in this chapter, take our quiz. After you click the "submit" button, the answers will appear below.

  1. Why do interest rates fluctuate?

    The Federal Reserve raises or lowers the rate at which banks borrow money from each other in order to control inflation or slow a recession.
    It's generally believed to be a conspiracy of mortgage brokers and global warming.
    Global influences align to swell or deflate interest rates.


  2. A general rule of thumb is that everyone should have enough cash on hand to see them through:

    His or her next paycheck.
    Three to six months of unemployment.
    His or her children�s college graduation.


  3. What kind of an account am I? I pay higher yields than most savings accounts, offer FDIC insurance, limit the number of monthly withdrawals you can make, but am considered liquid because I'm easy to access.

    Passbook savings account.
    Money market account.
    Certificate of deposit.


advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Need to invest $3K for the long term?

Dear Dr. Don, What's the best place to invest $3,000 for the long term? I'm interested in earning the best rates with low or no fees. Thanks, -- Cheryl Compounds Dear Cheryl, You've got (at least) three questions to... Read more

advertisement

Blog

Sheyna Steiner

New rules to protect your retirement?

The fiduciary standard is the highest standard of care. A fiduciary must only give advice that is in the client's best interest  ... Read more

Partner Center
advertisement

Connect with us