5. How to Make Your Money Work for You
What is the most basic way to have your money work for you?
- Spend it immediately
- Put your savings into a high-yield account that pays the best interest
- Hide it at home
- Lend it to friends
What new technology has made investing easier and more convenient?
- Desktop computers
- Investment applications (apps) on smartphones
- Paper stock certificates
- Bank tellers
How much savings do most investors suggest having before you begin investing?
- One month's worth
- Three months' worth
- Six months' worth
- One year's worth
If you save just $10 per week, how much will you have saved at the end of the year?
- About $200
- About $500
- About $1,000
- About $2,000
What is a mutual fund described as?
- A high-risk investment only for experts
- A low-investment start-up program that automatically invests based on market trends
- A type of savings account
- A government bond