Unit 5 Test - Saving and Investing
Personal Financial Literacy Unit 5 Test
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1. Tonya has been working for several years and decides she needs to start an emergency fund. How many months of living expenses should be in Tonya's emergency fund as a minimum?
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1 point
2. Darin has a very stable job that he has held for many years and he does not see the reason for an emergency fund. Why should Darin have an emergency fund?
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3. Danielle wants to start making saving a priority. She decides she will have money from her checking account transferred to her savings account. How is Danielle making saving easier?  
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4. Kevin doesn’t worry about putting away savings since his employer deducts a specific amount each month in a savings plan. How is Kevin making saving easier?
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5. Investments such as stocks, bonds, and mutual funds are known as _____.
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6. Individuals who own stock in a company are _____.
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7. Sonia has invested in stocks in which she receives payments quarterly. The payments that Sonia receives are known as _____.
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8. Alana is excited since she just sold some of her stock for an amount greater than she paid for it. The profit that Alana made on the stock is known as _____. 
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9. Marcos is unhappy since he just sold stock for less than he paid for it. The loss that Marcos had on the stock is known as a _____. 
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10. Which was the first electronic stock exchange?
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11. Francesca owns stock and can’t vote in company decisions but does receive dividends. What type of stock does Francesca own? 
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12. The most common type of stock issued is _____.
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13. Which type of stock can be purchased back from stockholders at any time by the company?
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14. Andre wants to invest some money he received as a gift but he needs the investment to be highly liquid. What would be the best investment for Andre?
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15. Which is calculated by dividing the current stock price by earnings per share from the last four quarters?

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17. The unique alphabetic name which identifies the stock on a stock index is the _____.

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18. Issued by local and state governments to pay for the building of public works.
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19. An emergency fund needs to be highly liquid.
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20. You should put money into a savings account after you have paid bills, bought groceries, and set money aside for entertainment.
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21. If a company does well, the value of the stock will usually increase and stockholders will make money.
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1 point
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