NAME:
STANDARD 1 STARTER
STANDARD 1
OBJECTIVE 1
1. An example of a long-term goal would be:
A.A family vacation
B. Buying a used car
C. Purchasing a stereo
D. Saving for retirement
STANDARD 1
OBJECTIVE 2-3
1. Values, peers, family, feelings, and habits can influence:
A.Education
B.Relationships
C.Financial decisions
D.None of the above
2. An example of a clearly written financial goal would be:
A. “To pay off credit card bills by 2015.”
B. “To save money for college for the next five years.”
C. “To invest in an international mutual fund for retirement.”
D. “To establish an emergency fund of $4,000 in 18 months.”
2. Scarcity is an economic principle stating that because of _______________________,
an economic system cannot possibly produce all the goods and services
that people want.
A.Limited Resources
B.Spending habits
C.Low income
D.Excessive debt
3. What element is missing from the following financial goal?
“I will save $75 each week to go on a vacation to Hawaii.”
A. Time bound
B.Realistic
C.Attainable
D.Specific
4. Which of the following are components of a financial plan?
A.Checkbooks, saving, and investment plans
B.Balance sheet, tax deductions, and savings plan
C.Budget, bank statement, and net worth statement
D.Goals, net worth statement, and investment plan
5. What is a personal value?
A.Something thought to be a necessity or essential items required for life.
B.Something unnecessary but desired or items which increase the quality of
living.
C.A fundamental belief or practice about what is desirable, worthwhile, and
important to an individual.
D.The end result of something a person intends to acquire, achieve, do,
reach, or accomplish in the near or distant future.
6. An individual’s financial plan will vary depending upon one’s
A.Financial goals
B.Values
C.Lifestyle conditions
D.All of the above
7. Which of the following is NOT a consideration in decision making?
A.List alternative
B.Evaluate alternatives
C.Decide how much you really want it
D.Define the problem
8. What is the purpose of goal setting in the financial planning process?
A.To facilitate decision making
B.To provide direction for planning and action
C.To clarify goal ranges
D.To differentiate between needs and wants
9. SMART goals are:
A.Spontaneous, markable, already done, random, and testy
B.Specific, movable, achievable, reliable, and too hard
C.Specific, measurable, attainable, realistic, and time bound
D.Sincere, measurable, artistic, realistic, and timely
10. Marcus set a goal to buy a car in the next few months. He plans to make a $2500
down payment and has already saved $1300. If he can save $150 each
month for this goal to buy a car, how long will it take him to save the entire
$2500?
A.6 months
B.8 months
C.10 months
D.12 months
3. Sarah bought the latest jeans because her friends said she saw them in a magazine.
What influenced Sarah’s decision?
A.Her budget
B.Peer pressure
C.Debt to income ratio
D.Advertising
4. Encouraging customers to delay payment on a purchase to get a sale price is an
example of:
A.Advertising
B.Economics
C.Poor choices
D.Sales strategy
5. A practical reason to make an expensive purchase would be:
A.Peer pressure
B.Need
C.Impulse
D.Emotions
6. Once I have ranked my priorities and am working towards them, is it a bad thing to
change my mind?
A.No. In fact your priorities are likely to change over time anyway, and you
should prepare for that.
B.Probably, because you will undermine your savings discipline and
jeopardize your ability to achieve your goals.
C.Not necessarily, but it does mean that most of what you have done to
date will be in vain.
D.Not necessarily, but it does mean that the money you have saved
towards your goal will be wasted.
7. Which of the following is considered a need?
A.A new car
B.A place to sleep
C.A steak dinner
D.Business clothes
8. Which of these is NOT a consequence of declaring bankruptcy?
A.Increased sense of self-confidence
B.Family disruption & instability
C.Not able to obtain loans/credit for 5-10 years
D.Inflation of prices for other consumers
9. Which type of bankruptcy allows consumers to reorganize their debt and continue
paying their creditors?
A.Chapter 7
B.Chapter 10
C.Chapter 11
D.Chapter 13
10. What is NOT a financial consequence of debt?
A.Debt can be useful in times of emergency
B.Debt can lead to overspending
C.Debt obligates your future income
D.Debt can be expensive
STANDARD 2 STARTER
STANDARD 2
OBJECTIVE1
1. Which of the following is an employee benefit that an employer may provide?
a. Retirement benefits
b. Tuition reimbursement
c. Vacation and sick days
d. All of the above
2. Many young people receive health insurance benefits through their parents. Which of
the following statements is true about health insurance coverage?
a. You continue to be covered by your parents’ insurance as long as you
live at home, regardless of your age.
b. You are covered by your parents’ insurance until you marry, regardless of
your age.
c. If your parents become unemployed, your insurance coverage may stop,
regardless of your age.
d. Young people don’t need health insurance because they are so healthy.
6. Which is a mandatory payroll deduction?
A. Retirement fund
B .Interest income
C. Health insurance
D. Social security
7. Which tax is the Federal Government’s leading source of revenue?
A. Unemployment tax
B. Medicare tax
C. Personal income tax
D. Social Security tax
3. Which one of the following could NOT be called income?
a. Interest paid on a loan
b. Interest received from a savings account
c. A paycheck
d. An allowance
8. What is the purpose of the Form W-4?
A. Verifies an employee’s eligibility to work
B. Allows the employee to join a tax-deferred savings plan
C. Determines how much of an employee’s paycheck will be withheld for
federal income taxes
D. Informs the employer which method of payment the employee prefers
4. Which of the following is NOT usually an employee benefit that an employer may
provide the employee?
a. Clothes
b. Vacation and sick days
c. Insurance
d. Employee discounts
9. Your take home pay is less than the total amount you earn from your job, which of
the following best describes what is taken out of your total pay:
A. Federal Income tax, Social Security, and Medicare contributions
B. Federal Income tax, Property tax, Medicare contributions
C. Federal Income tax, Sales tax, Property tax
D. Federal Income tax, Sales tax, Social Security contributions
5. What is income?
A. Money spent
B. Money earned
C. Money saved
D. Money invested
10. Which is NOT one of the three most common ways an employer may handle paying
his/her employees:
A. Paycheck with the paycheck stub
B. Cash
C. Direct deposit
D. Payroll card
STANDARD 2
OBJECTIVE 2
1 .Take-home pay is also called:
A. Disposable income
B. Fixed income
C. Net income
D. Gross income
2. What is a 401(K) plan?
A. A portion of salary deducted from net pay and placed in a special
account.
B. Money set aside to pay medical expenses not covered by insurance.
C. A portion of salary deducted from gross pay and placed in a special
account.
D. A plan that specifies benefits to be received at retirement age, based on
total earnings and years of work.
3. Sam earns $550 per month in net income. He shares living expenses with a
roommate. His expenses are: food, $160/month; rent, $130/month; utilities,
$25/month; and transportation, $20/month. How much does Sam have left each month
to save and spend on other items, based on his monthly net income?
A. $300
B. $170
C. $245
D. $215
4. When depositing a check you’ve received into your account, it is best to:
A. Sign the back of the check immediately to save time in line at the bank
B. Use a small portable safe to lock up the check as you travel in the car
C. Use a restrictive endorsement with your signature, account, number, and
‘for deposit only’
D. Use an open endorsement and sign only your name on the back
5. What is the largest recommended percentage of your net monthly income that
should be set aside for housing?
A. 15-20%
B. 20-25%
C. 25-30%
D. 30-35%
STANDARD 2
OBJECTVIE 3
1. What is the definition of ‘human capital’?
A. The process of self-investment
B. The combination of all events in an individual’s life
C. Purchasing wanted or desired items
D. Decisions influenced by friends, coaches and teachers
2. What is an occupation?
A. A work role with a specific organization
B. A wide category of jobs with similar characteristics
C. A lifetime journey of building and making good use of skills, knowledge,
and experiences
D. The combination of leisure activities, family influence and personal
interests
3. What is a standard of living?
A. State of being happy, healthy and prosperous
B. A plan for success
C. Something unnecessary but desired
D. Minimum necessities, comforts, or luxuries thought to be essential.
4. Which of the following best describes a career?
A. Skills obtained from completing various jobs
B. Building skills, knowledge, and experiences throughout a lifetimes
C. An occupation held during one part of a person’s life
D. Personal satisfaction obtained from completing a job
5. Which of the following is NOT a characteristic of transferable skills?
A. Transferable skills are acquired through various life experiences
B. Transferable skills can only be applied to one job
C. Transferable skills create a greater range of career opportunities
D. Transferable skills enhance an individual’s human capital
6. Having a career implies that a person:
A. Is interested in the most money that can be achieved
B. Must have completed an advanced college degree
C. Has a commitment to a profession which requires continued education
D. Will not be required to change jobs within a professional area
7. Steven is considering taking a job with a company that is offering gym memberships,
flexible hours, and repayment of education loans, merchandise discounts,
and childcare. These components of the job offer are called:
A. Fringe benefits
B. Job perks
C. Work incentives
D. Competitive hiring practices
8. The first step in filling out a job application is to:
A. Write with a pen with blank ink
B. Start over if you make an error
C. Use the computer to fill out the application if your hand writing is hard to
read
D. Read the application completely before you start to insure accuracy
9. If being fired is the reason for changing job, an appropriate response on a job
application concerning this situation would be:
A. Involuntary separation
B. Voluntary separation
C. Seasonal job
D. Quit
10. Salary, location and environment, and benefits are factors to consider when:
A. Determining your cost of living expenses
B. Evaluating a job offer
C. Researching future career opportunities
D. Estimating annual income
STANDARD 3 STARTER
STANDARD 3 - OBJECTIVE 1
1. A spending plan for managing money during a given period of time is a:
A.Budget
B.Envelope system
C.Savings account
D.Roth IRA
STANDARD 3 - OBJECTIVE 2
1. The maximum amount you can charge on a credit card is called the
A.Credit limit
B.Capacity
C.Collateral for the card
D.Credit ratio
2. Jill pays $375.93 every month for her cay payment. This payment is a:
A.Minimum balance
B.Credit score
C.Fixed expense
D.Variable expense
2. Which of the following is a good reason to use a credit card?
A.Expensive way to borrow due to high interest rates
B.Less to spend in the future due to paying off purchases from the past
C.Responsible use can help establish good credit history
D.Higher risk for impulsive buying and overspending
3. To pay yourself first means:
A.Creating a plan for who you pay first, after yourself.
B.Having a trusted person hold your money for you.
C.Having a personal identification number on your accounts.
D.Putting money in savings before paying bills.
4. Which is a factor in developing a monthly financial budget?
A. Insurance
B.Entertainment
C.Transportation
D.All of the above
5. A financial institution owned by its members that provides savings and checking
accounts and other services to its members is a (n):
A.Bank
B.Credit union
C.Investment brokerage
D.ATM
6. What percent of your monthly income is the recommended amount to be set aside
for housing?
A.40%-45%
B.25%-30%
C.15%-20%
D.5%-10%
7. If expenses were to exceed income on a spending plan, what would be a financially
smart solution?
A.Decrease expenses
B.Use a credit card more often
C.Earn less income
D.Increase purchases
3. Which is not a type of credit?
A.Car loan
B.Car registration
C.Gas company card
D.House mortgage
4. Suki wants to move into her own apartment after graduating from high school, but
she is worried that she won’t be able to rent an apartment without
significant credit history. What can Suki do to start using credit wisely?
A.Rent an apartment with a with a friend who will sign the lease
B.Apply for a store credit card
C.Apply for several major credit cards
D.Close her checking account to avoid bouncing a check
5. Which of the following agencies provide free credit reports for consumers?
A.Equifax, credit unions, landlords
B.Credit unions, banks, loan officers
C.Experian, credit Reporters, universitites
D.Trans Union, Experian, Equifax
6. Which of the following can impact your credit rating?
A.Borrowing money from a friend to pay for lunch
B.Living with your parents until you ear enough money to afford to rent an
apartment
C.Paying cash for a used car
D.Making a late car loan payment
8. Which of the following is a control method for spending plans?
A.Envelope system
B.Spending plan template
C.Check register system
D.All of the above
7. What is credit?
A.An arrangement to receive cash, goods, or services now and pay for them
in the future
B.A fee for borrowed money
C.The maximum amount of money that can be charged to a credit card
D.A plastic card that holds pre-approved credit
9. When items are bought on credit and paid for over a long period of time, the cost to
the buyer:
A.Is the same as if the items were bought with cash
B.Is less than if the items were bought with cash
C.Is more than if the items were bought with cash
D.Depends on the method of payment
8. If an individual uses credit and does not pay the required amount by the due date,
they are charged a (n):
A.Minimum payment
B.Late payment fee
C.Annual percentage rate
D.Annual fee
10. A federal government agency that insures deposits and banks is the:
A.UCEA
B.FDIC
C.FAFSA
D.FREA
9. If a credit card is lost or stolen and reported within 48 hours, how much is the owner
liable for if the card was used illegally before the credit card company was
notified of the loss?
A.$100
B.$75
C.$50
D.$25
10. A loan to be repaid in a certain number of payments with a certain interest rate is a:
A.Installment loan
B.Revolving credit
C.Unsecured loan
D.Collateral
STANDARD 3
OBJECTIVE 3
Match the letter of the definition with the corresponding term.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
______
______
______
______
______
______
______
______
______
______
Bait and Switch
Ponzi Scheme
Consumer Protection Laws
Fraud
Identity Theft
Spam
Scams
Skimming
Affinity Fraud
Bureau of Consumer Protection
A. Fraudulent or deceptive schemes
B. Designed to ensure fair trade competition and the free flow of truthful information in the
marketplace.
C. A scam that targets members of a certain demographic.
D. A deliberate deception, designed to secure unfair or unlawful gain.
E. Unwanted advertising distributed through e-mail.
F. A federal agency which provides state and local consumer protection offices which help consumers
with questions and problems.
G. Is a fraudulent investment operation that pays returns to separate investors, not from any actual
profit earned by the organization, but from their own money or money paid by subsequent investors.
H. Someone wrongfully acquires and uses a consumer’s personal identification, credit, or account
information.
I. Luring consumers with advertised, but nonexistent, bargains and then switching them to a more
expensive product.
J. Is the theft of credit card information used in an otherwise legitimate transaction.
STANDARD 3
OBJECTIVE 4
1. In managing risk, what does it mean to transfer it?
A.To take measures to prevent loss
B.To shift the possibility of loss to another person
C.To set aside resources to cover potential loss
D.To take measures to eliminate the cause of potential loss
2. Liability insurance protects you against
A.Lawsuits
B.Personal injuries
C.Sickness
D.Property damage
3. When you apply for automobile insurance on your own, you will need to provide the
insurance company with all of the following except:
A.Your Social Security number
B.Your employer’s name and address
C.Your history of driving violations
D.The vehicle identification number of the car you want to insure.
9. If you were in a car accident, which of the following is needed when you file a claim?
A.A memo from the police who responded to the accident
B.Your insurance policy
C.A note from any witnesses or other person involved in the accident
D.The address of the location where the accident occurred
10. What coverage reimburses a car owner if the car is stolen?
A.Deductible
BCollision
C.Comprehensive
D.Liability
STANDARD 3
OBJECTIVE 5
1. Driving home from school one day, you swerved to miss a cat and ran into a tree. The
repairs are expensive. What type of automobile insurance coverage will
reimburse the damages to your car?
A.Collision
B.Liability
C.Comprehensive
D.Underinsured motorist
2. Referring to managing risk, what does it mean to transfer it?
A.To take measure to prevent loss
B.To set aside resources to cover potential loss
C.To shift the possibility of loss to another person
D.To take measures to eliminate the cause of potential loss
3. In general, who would most need life insurance?
A.A single person just beginning a career
B.A young married couple with small children
C.A working couple with grown children living on their own
D.A retired person who is marries and has investments
4. At your young age, what are the two types of insurance most necessary for you?
A.Liability and renters’
B.Travel and liability
C.Automobile and disability
D.Health and automobile
5. Lupe needs to pay $123 per month in order to purchase a health insurance policy.
This monthly payment is known as the:
A.Deductible
B.Co-insurance
C.Premium
D.Moral Hazard
4. Which of the following pairs represents the general types of insurance often provided
by employers?
A.Liability insurance and homeowners’ insurance
B. Life insurance and liability insurance
C.Disability insurance and medical insurance
D.Homeowners’ insurance and disability insurance
6. Which of the following best describes the benefits of having insurance?
A.The policyholder may become better off financially if an accident occurs
B.Insurance combined with emergency savings provides a sense of financial
security and peace of mind.
C.The policyholder no longer has to worry about paying for financial losses
resulting from an accident
D.It is required by law to purchase insurance so the benefits do not matter.
5. There are six general types of insurance. Which of the following is one of those six?
A.Liability
B.Collision
C.Cash value
D.Uninsured motorist
7. Insurance can be purchased to protect one from which of the following losses?
A.Stock market losses
B.Health care expenses
C.Maintaining the price of your home
D.Car maintenance
6. What are the two most important types of insurance you need at your young age?
A.Liability and renters’
B.Travel and liability
C.Automobile and disability
D.Health and automobile
8. At the first of the year, Tanya received her first medical bill. It totaled $1000. Her
health insurance policy has a $500 deductible and 20% co-insurance. How
much of the bill will Tanya be responsible to pay?
A. $0, insurance will cover the entire medical bill
B. $500
C. $600
D. $700
7. Which one of the following will not affect the cost of automobile insurance?
A.Cost of repairs
B.Mileage
C.Driving record
D.Color of car
8. While driving to the store, you swerved to miss a dog and drove into a tree. You and
the dog are all right, but it will be expensive to repair the damage to your car. What type
of automobile insurance coverage will provide reimbursement for damages to your car?
A.Liability coverage
B.Underinsured motorist
C.Collision
D.Comprehensive
9. The beneficiary of a life insurance policy is the individual who:
A.Sold the policy
B.Purchased the policy
C.Is the executor of the insured’s estate
D.Receives any proceeds if the insured person dies
10. As part of James’s new job, his employers will provide health, life, and disability
insurance. Access to this insurance is provided in addition to his regular
salary. This is known as:
A.Coverage
B.Employee benefits
C.Household production
D.Government programs
STANDARD 4 STARTER
STANDARD 4
OBJECTIVE 1
1. The phrase "pay yourself first" means that you:
A.Buy something for yourself before paying bills.
B.Donate money to a charity before paying bills.
C.Put money in your savings account before paying bills.
D.Put all money in your checking account before paying bills.
STANDARD 4
OBJECTIVE 2
1. Which investment has low risk, a low rate of return, and is long-term?
A.Mutual funds
B.Real estate
C.Stocks
D.Bonds
2. What is the primary factor that will affect how much is earned in a savings account?
A.Minimum balance
B.Passbook savings account
C.Hours the bank is open
D.Interest rate
2. Which of these does NOT have a physical location, but is only an electronic exchange?
A.regional exchanges
B.AMEX
C.NYSE
D.NASDAQ
3. The most effective saving strategy would be:
A.Putting money in a safe hiding place.
B.Having a trusted person hold your money for you.
C.Direct deposit into a savings account.
D.Using cash for all transactions.
3. Which one of the following types of investments has the highest risk and the highest
potential rate of return?
A.Stocks
B.Money market mutual fund
C.Government bonds
D.Savings bonds
4. P.Y.F. stands for:
A.Pay yourself first
B.Protect your family
C.Protect your finances
D.Percentage yield formula
5. Many savings programs are protected by the Federal Government against loss. Which
of the following is not?
A.A bond issued by one of the 50 States
B.A certificate of deposit at the bank
C.A U. S. Savings Bond
D.A U. S. Treasury Bond
6 .Joey has a savings account at his bank. Which of the following would be correct
about the interest that he earns on this account:
A.Sales tax may be charged on the interest he earns.
B.Joey cannot earn interest until he turns 18.
C.If Joey’s income is high enough, the government will tax his interest
earnings.
D.Joey will be able to live comfortably on the interest he earns.
7 .Money in a savings account is protected by the FDIC or NCUA to what amount?
A. $10,000
B. $25,000
C. $100,000
D. $250,000
8 .All of the following are ways to save except one:
A.Payroll deductions
B.Change jar
C.Mutual funds
D.Open a savings account
9. Emergencies and unexpected events, to eliminate future stress, to buy a good or
service that is suddenly wanted, and to purchase a planned good or service
in the future are all:
A.Causes of bankruptcy
B.Investment opportunities
C.Ways to save
D.Reasons to save
10 .True or false. FDIC stands for Federal Deposit Insurance Corporation.
4. Which statement below is true about mutual funds?
A.Mutual funds offer guaranteed returns.
B.Consumers can choose which stock to include in your mutual funds.
C.All mutual funds buy stocks.
D.Mutual funds are convenient and professionally managed.
5. When evaluating investment alternatives you should remember:
A.It is better to find a company that can invest for you.
B.It is wise to diversify.
C.To put all your eggs in one basket.
D.Banks and credit unions are the best choice.
6. What type of broker not only helps clients buy or sell investments, but they offer
research and investment advice as well.
A.Discount broker
B.Full-service broker
C.Online broker
D.Investment advisor
7. Which of these is NOT a major INDEX of how well the stock market is doing?
A.DOW
B.NASDAQ
C.S&P 500
D.KOA
8. Spreading your money among different types of savings and investments is called:
A.Diversification
B.Compounding
C.Time value of money
D.Short selling
9. Matthew and Alicia just had a baby. They received money as baby gifts and want to
put it away for the baby’s education. Which of the following is likely to
have the highest growth over the next 18 years?
A.Savings bond
B.Savings account
C.Stocks
D.Checking account
10. A company that issues bonds is actually:
A.Selling small pieces of ownership in its business.
B.Lending money
C.Borrowing money
D.Introducing a new product
STANDARD 4
OBJECTIVE 3
1. Liquidity is:
A.Turning assets quickly into cash
B.Investing interest earning in mutual funds
C.Spending freely
D.Buying stocks
2. The time value of money can best be explained using which of the following concepts:
A.The risk-to-return relationship
B.The rule of 72
C.The "pay yourself first" philosophy
D.The dynamics of compounding interest
3. What does risk mean in regard to investments?
A.Uncertain outcome
B.Certain outcomes
C.High rate of return
D.Low rate of return
4 .The basic rule of a risk-to-return relationship is that the:
A.Higher the risk, the lower the return rate
B.Higher the risk, the higher the return rate
C.Lower the risk, the higher the return rate
D.The two are not related
5. What two factors will influence your investment choice?
A.Safety and risk
B.Growth and income
C.Growth and risk
D.Safety and income
6. Due to the effects of inflation, in the future a dollar will be worth:
A.The same as a dollar today
B.More than a dollar today
C.Less than a dollar today
D.It depends on the interest rate
7. Many people put aside money to take care of unexpected expenses. If Susan and Joe
have money put aside for emergencies, in which of the following forms
would be of LEAST benefit to them if they needed it right away?
A.Checking account
B.Invested in a down payment of the house
C.Savings account
D.Stock
8. The time value of money refers to the relationship among three factors. These factors
include all of the following except:
A.Money
B.Rate of interest
C.inflation
D.Time
9 .The profit from an investment is:
A.Risk
B.Liquidity
C.Return
D.Inflation
10. The cash value of an investment at a particular time in the future is:
A.Future value
B.Cash value
C.Present value
D.Time value
STANDARD 4
OBJECTIVE 4
1 .If an investor can earn 9% interest on an investment, approximately how long will it
take to double in value?
A.8 years
B.72 months
C.12 years
D.9 years
2. What is a 401(K)?
A.A portion of salary deducted from net pay and placed in a special
account.
B.Money set aside to pay medical expenses not covered by insurance.
C.A portion of salary deducted from gross pay and placed in a special
account
D.A plan that specifies benefits to be received at retirement age, based on
total earnings and years of work.
3 .The rule of 72 is useful in calculating the:
A.Time required to double an investment
B.Age of money
C.Fluctuations of the stock market
D.Interest an investor needs to earn to reach a goal
4 .The process of earning interest on interest is:
A.Rate of return
B.Diversification
C.Compounding
D.Interest bearing
5 .A common mistaken belief about retirement is:
A.Your retirement could last a long time
B.You will spend more money when you retire
C.Saving just a Little bit will help
D.You will have plenty of time to start saving for retirement
6. What approximate interest rate would an investor need to earn in order to double
the value of an investment in six years?
A.10
B.12
C.6
D.72
7. Monica adds $500 to her mutual fund every year for the next 10 years. Mason
decides to wait 10 years when he knows he will have a lump sum of $5,000
to invest in a mutual fund. If both Monica and Mason earn the same
interest rate (7% on average), who will have more money in their mutual
fund in 20 years?
A.They will have the same balance because they each invested the same
amount at the same interest rate.
B.Mason
C.Monica
D. It depends on their income.
8. Retirement income paid by a company is called:
A. 401(k)
B. Pension
C. Rents and profits
D. Social security
9. Albert Einstein called this the “greatest mathematical discovery of all time:”
A. The time value of money
B. the Rule of 72
C. Compounding
D. Roth IRA’s
10 .IRA stands for:
A. Interest-earning Retirement Account
B. Interest-bearing Retirement Account
C. Individual Retirement Annuity
D .Individual Retirement Account