Home > Basics > Beginner
Basics Beginner: Automatic Savings and Investment Plans

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Regular purchases of stock with money taken out of an existing account are an example of an _______.
Choose wisely. There is only one correct answer.
Automatic investment plan. In this case, money is going toward buying investments.
2.
Automatic withdrawals from an existing savings account can be used to fund _______.
Choose wisely. There is only one correct answer.
All of the above. Automatic investing can build up your investments for you.
3.
Which of the following can be sources of extra money with which to start funding an automatic investment plan?
Choose wisely. There is only one correct answer.
All of the above. All of these ideas can work.
4.
Some certificates of deposit accept additional deposits.
Choose wisely. There is only one correct answer.
True. Add-on certificates allow them, which makes them ideal for some peoples automatic investing plans.
5.
Using an automatic investment plan to fund a retirement account is only for the young.
Choose wisely. There is only one correct answer.
False. Even later in life, you can still build up a sizable amount of money.