6. Which of the following is NOT a type of Individual Retirement Account (IRA)?
a) Roth IRA
b) Traditional IRA
c) SEP IRA
d) 401(k) IRA
Answer: d) 401(k) IRA
7. What is the purpose of a health savings account (HSA)?
a) To save for short-term expenses
b) To save for higher education expenses
c) To save for medical expenses
d) To save for retirement
Answer: c) To save for medical expenses
8. Which of the following is a risk associated with investing in stocks?
a) Inflation risk
b) Credit risk
c) Market risk
d) Interest rate risk
Answer: c) Market risk
9. What is the purpose of a money market fund?
a) To provide overdraft protection
b) To earn high interest rates
c) To provide short-term loans
d) To make online purchases
Answer: b) To earn high interest rates
10. Which of the following is a type of government bond?
a) Corporate bond
b) Municipal bond
c) Treasury bond
d) Junk bond
Answer: c) Treasury bond