1. Which of these is a mutual fund? (1 point)

A. a fund that pools money from many investors to buy securities

B. a fund used to pay shared bills and expenses

a fund used by the government to gather taxed money

a fund that you share with your family to save in the bank


2. Which is a source of passive income?(1 point)

A. teaching about personal finance

B. owning dividend stocks

C. owning luxury cars

D. working as a consultant


3. Which is an employer-sponsored retirement plan?(1 point)

Responses


A. a type of account offered to employees at very little or no cost

B. a Social Security coverage that is offered only to employed citizens

C. a strategy offered by the company that will advise employees on how to invest in order to retire

D. a private bank plan that is recommended by the company


4. Which is an appropriate use of money in an emergency fund?(1 point)

A. buying a brand new car

B. replacing the furnace in July

C. replacing the furnace in January

D. painting the house


5. Which option defines a tax benefit? (1 point)

A. a type of tax form that needs to be completed each year.

B. some type of savings for taxpayers

C. a government loan

D. a government bond affiliated to tax collection