FP 120 Week 4 Quiz – in class

FP 120 Week 4 Quiz – in class

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FP 120 Week 4 Quiz – in class

Instructions

Complete the Week 4 Quiz.

Submit your responses in a Microsoft^® Word^® document to the Assignment Files tab

Week 4

4.1 Concept: Why you should establish an investment program

1. A valid long-term investment goal is

1. Saving $5,000 per year for 40 years for retirement

1. Spending less than $500 per month for housing

1. Accumulating $3,000 in a savings account over the next 18 months

1. Using credit cards less in the next six months

2. A valid short-term investment goal is

1. Saving $5,000 per year for 40 years of retirement

1. Spending less than $500 per month for housing

1. Accumulating $3,000 in a savings account over the next 12 months

1. Using credit cards less in the next six months

4.2 Concept: Safety, risk, income, growth and liquidity effects on your investment program

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

1. Their choices of investments do not change.

1. They choose more conservative investments.

1. They choose more risky investments.

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