Module 06 Quiz

1. Which of the following are reasons why people generally don't give their money to someone else without expecting a positive rate of return? Choose all that apply.
   • they are giving up options for using their money for something else for themselves
   • they don't like other people and want them to to have a hard time financially
   • they are taking on risk of non-repayment
   • they are giving up the option to have their money available to them just in case
2. If you invest $200 at a 6.5% annual rate of return, what will be the value of your investment in one year?
3. If you invest $200 at a 6.5% annual rate of return, and leave it be, what will be the value of your investment in 5 years?
4. True or False: When you use a credit card, you are borrowing money from the card issuer.
5. True or False: It is impossible to use a credit card without paying any fees or interest.
6. True or False: Using a credit card provides better fraud protection than using cash or debit cards.