To facilitate trade

To store value

To serve as a unit of account

All of the above

Money is a physical object, while currency is a digital representation of money.

Money is a medium of exchange, while currency is a store of value.

Money is a unit of account, while currency is a means of payment.

There is no difference between money and currency.

Banks, credit unions, and investment firms

Banks, insurance companies, and pension funds

Banks, credit unions, and insurance companies

Banks, investment firms, and pension funds

To regulate the money supply

To set interest rates

To supervise banks

All of the above

A stock represents ownership in a company, while a bond is a loan to a company.

A stock is a short-term investment, while a bond is a long-term investment.

A stock is a risky investment, while a bond is a safe investment.

None of the above

To pool money from many investors and invest it in a variety of assets

To provide investors with a diversified portfolio

To reduce investment risk

All of the above

A bull market is a period of rising stock prices, while a bear market is a period of falling stock prices.

A bull market is a period of economic growth, while a bear market is a period of economic recession.

A bull market is a period of high interest rates, while a bear market is a period of low interest rates.

None of the above

To assess a borrower's creditworthiness

To determine the interest rate on a loan

To set credit limits

All of the above

A secured loan is backed by collateral, while an unsecured loan is not.

A secured loan has a lower interest rate than an unsecured loan.

A secured loan is easier to obtain than an unsecured loan.

None of the above

To track income and expenses

To set financial goals

To make informed financial decisions

All of the above

A debit card deducts money from your checking account, while a credit card allows you to borrow money.

A debit card has a lower interest rate than a credit card.

A debit card is easier to obtain than a credit card.

None of the above

To save money for future expenses

To earn interest on your money

To protect your money from inflation

All of the above

A checking account is used for everyday transactions, while a savings account is used for long-term savings.

A checking account has a higher interest rate than a savings account.

A checking account is easier to obtain than a savings account.

None of the above

To save money for retirement

To reduce your taxable income

To earn tax-deferred interest

All of the above

With a traditional IRA, you deduct your contributions from your taxable income, while with a Roth IRA, you do not.

With a traditional IRA, you pay taxes on your withdrawals, while with a Roth IRA, you do not.

With a traditional IRA, you can contribute more money than with a Roth IRA.

None of the above