FP 101 Week 6 Quiz

FP 101 Week 6 Quiz 

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FP 101 Week 6 Quiz

Complete the Week 6 Quiz provided by your facilitator.

Submit your Week 6 Quiz as a Microsoft^® Word^®attachment to the Assignment Files tab.

Week 6

1. Which of the following steps is NOT a factor to be considered before making your first investment?

1. Work to balance your budget.

1. Manage your credit card debt.

1. Save at least $10,000 to invest.

1. Start an emergency fund.

2. As people approach retirement, which of the following holds true for most?

2. Their choices of investments do not change.

2. They choose more conservative investments.

2. They choose more risky investments.

2. They move all their money into certificates of deposit.

3. When choosing an investment, you should consider risk. The four primary risk components are

3. Business failure, inflation, buying power, stock

3. Buying power, inflation, interest rate, market

3. Inflation, interest rate, business failure, market

3. Market, bond, stock, inflation