5 Questions
Match the following steps in the investment process with their descriptions:
Understanding your investment needs = Step 1 in the investment process Calculating time in years = If your original timeline T is in days then N = T/365, if it is in months then N = T/12, if in years then T = N Determining financial goal = The desired monetary outcome of the investment Calculating investable money = The amount of money available for investing at the moment
Match the variables in the investment process with their meanings:
Amt* 1 = The amount of money needed to reach the goal T = The time to meet the goal in days/months/years Amt* 2 = The investable money available at the moment N = The time to meet the goal in years
Match the following equations with their descriptions:
$N = T/365$ = Calculating time in years if original timeline is in days $N = T/12$ = Calculating time in years if original timeline is in months $T = N$ = Calculating time in years if original timeline is in years Amt* 3 = More investable money that can be saved during the time frame
Match the following investment steps with their order in the process:
Understanding your investment needs = Step 1 Determining financial goal = Step 2 Calculating investable money = Step 3 Calculating time to meet goal = Step 4
Match the following terms with their descriptions:
Investable money = The money available for investing at the moment Financial goal = The desired monetary outcome of the investment Time to meet the goal = The time frame in which the goal should be achieved More investable money = Additional money that can be saved and invested during the time frame
This quiz guides you through the first step of the investing process - understanding your investment needs. Learn how to set financial goals and identify the right investments for your individual needs.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
