The difference between savings and investments

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What is your name and surname? Also give your Grade and class. *

True of false? *

7 points

True

False

When you save your money, you earn high interest because it carries high risk.

Investments mean making your money work for you.

Savings are meant to fulfil a short-term need, such as when you want to buy an iPod.

Some people save their money so that they can have a monthly income when they retire. This is the best way to ensure an income when you retire.

Property carries relatively little risk; it almost always increases in value.

You can let out your property, thereby earning an income from your investment.

Investments satisfy short-term needs, such as when you want to buy a television set.

True

False

When you save your money, you earn high interest because it carries high risk.

Investments mean making your money work for you.

Savings are meant to fulfil a short-term need, such as when you want to buy an iPod.

Some people save their money so that they can have a monthly income when they retire. This is the best way to ensure an income when you retire.

Property carries relatively little risk; it almost always increases in value.

You can let out your property, thereby earning an income from your investment.

Investments satisfy short-term needs, such as when you want to buy a television set.

2. Look at this family budget. True of false? This family has no money left over for savings. *

1 point

True

False

3. How much can this family save? *

1 point

R18 700

R19 700

R17 700

4. If a business has expenses which are greater than the income: *

1 point

The business is making a profit.

The business is making a loss.

The business is breaking even.

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