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What's my Financial Literacy Score?

What is the purpose of investing? (select all that apply)

To give your money the ability to grow over time.

To build enough wealth to retire without having to work into old age.

To loan your money to a company buy buying their stock.

To outpace inflation where money loses purchasing power over time.

Should I invest most of my savings or keep it in my bank? (select all that apply)

Invest it. Most banks do not offer interest higher than the rate of inflation.

Keep it in the bank with my emergency fund where it's safe.

Invest it. The chances of building wealth without investing are slim.

Investing is risky, like gambling.

True

False

When should you start investing?

As early in life as possible!

Once you have a high paying job.

After your home is paid off.

If you can't afford to save and invest $20 a week then it's not worth investing it.

True

False

How much money does it take to start investing?

$100

$1,000

Investing is tricky. There's no way to know what I should invest my money into.

True

False

What does R.O.I. Stand for?

Return on Investment

Rate of Interest

Refunds or Investments

If you already own retal property, you don't need to invest in anything else like stocks.

True

False

Investing is a chore most people don't have time for.

True

False

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