1. Who Wants To Be A
Millionaire?
Instructor Name
Personal Finance

2. What is the “PYF” principle?#1
What is the “PYF” principle? A:
Provide For Yourself B:
Peanuts, Yogurt & Fruit C:
Pay Yourself First D:
Principal, Years, Funds

3. Pay Yourself First

4. Which of the following is a stock exchange?#2
Which of the following is a stock exchange? A:
NASDAQ B:
DJIA C:
IPO D:
AAA

5. NASDAQ

6. What is the suggested percent of income #3
What is the suggested percent of income
that one should save when following
the “PYF” principle? A: 2% B:
10% C:
20% D:
50%

7. 10%

8. If you have $50 in savings for one year at an #4
If you have $50 in savings for one year at an
interest rate of 7 percent, how much interest
will you earn at the end of the year? A: B:
$3.50
$.35 C:
$35.00 D: $7

9. $3.50

10. If you have an 8-percent compound interest #5
If you have an 8-percent compound interest
rate on your savings of $1,000, how many years
will it take for these savings to reach $2,000? A:
7.2 years B:
8 years C:
9 years D:
10 years

11. 9 years

12. is an example of investing?#6
Which of the following
is an example of investing? A:
Buying a pop and candy bar B:
Saving your allowance to buy a DVD. C:
Putting money in a box under your bed. D:
Buying a U.S. Savings Bond

13. Buying a U.S. Savings Bond

14. What are the three rules of building wealth#7
What are the three rules of building wealth
over the long term? A:
Start early, buy and hold, and diversify B:
Seek liquidity, buy on margin, and sell short
Trade early, trade often, and trade comfortably
Buy aggressively, short cover, and borrow C: D:

15. Start early, buy and hold, and diversify

16. Which of the following is an incentive that #8
Which of the following is an incentive that
encourages people to save money? A:
Earning interest on money saved. B:
The marginal cost of saving
Giving up things that could be purchased now. C:
The opportunity cost of saving D:

17. Earning Interest on Money Saved

18. If you have $100 in savings for one year #9
If you have $100 in savings for one year
at an interest rate of 5 percent, how much
Interest will you earn at the end of the year? A: $5 B: $4 C: $3 D: $2

19. $5

20. The formula for calculating
#10
The formula for calculating
simple interest is:
Interest = A:
Loan X Rate X Dividend B:
Principal X Rate X Yield C:
Rate X Time X Yield D:
Principal X Rate X Time

21. Interest =
Principal X Rate X Time

22. Which of the following is
#11
Which of the following is
NOT an investment?
Buying a bond from Coca-cola, which promises to pay back the money plus interest A:
Buying 100 shares of Disney B:
Buying a bond issued by the government of Mexico. C: D:
Buying a hot dog at the baseball game.

23. Buying a hot dog at the baseball game.

24. One way people can earn money
#12
One way people can earn money
from stocks is by
Selling the stock for a lower price than the price they paid for the stock. A:
Buying stock from an investment banker. B:
Selling the stock for the same price as the price they paid for the stock.
Selling the stock for a higher price than the price they paid for the stock. C: D:

25. Selling the stock for a higher price than the price they paid for the stock.

26. Which of the following statements about mutual funds is true?
#13
Which of the following statements
about mutual funds is true?
Mutual funds allow investors to spread risk among several stocks and bonds.
All mutual funds are the same. A: B:
Load funds do not charge a sales commission but invest in lower-quality stocks.
Many mutual funds do not charge management fees. C: D:

27. Mutual funds allow investors to spread risk among several stocks and bonds.

28. What are the five steps used in the decision-making process?
#14
What are the five steps used in the
decision-making process?
Plan, alternatives, choices, evaluation, decision
Plan, alternatives criteria, evaluation, decision A: B:
Problem, action, conditions, execution, decision
Problem, alternatives, criteria, evaluation, decision C: D:

29. Problem, alternatives, criteria, evaluation, decision

30. Josh is stressing out about making
#15
Josh is stressing out about making
an investment that involves high risks.
Which one of the following
is his safest investment option? A:
Savings Account B:
Putting his money in a box under his bed C:
Mutual Fund D:
Stocks

31. Savings Account

32. Great Job!!!!
Thank you for playing!