Missed Investing ?'s Question Preview (ID: 32167)
Missed Investing ?'s.
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when a bank is a federal deposit Insurance corporation (FDIC), the FDIC
a) allows bank depositors to buy law cost life insurance
b) allows bank depositors to buy law cost life insurance
c) insures bank deposits for each customer up to the legal limit $250000
d) permits bank accounts to earn the highest interest rate available.
For what reason do financial advisors suggest investing some money in stocks rather than depositing all on ones money in saving account
a) it is a good way to build a six month emergency fund
b) The guaranteed rate of interest in higher for stocks
c) there is a chance, overtime , of earnings a greater return on the money
d) it reduces the risk of losing money over time.
If a person buys a five year CD certificate of deposit for $2000, the person should know that in the 5 years you are prohibited from withdrawing the money or
a) Reinvesting the $2000 in another CD at the end of 5 years
b) a penalty/fee is charged if a withdrawal made during the 5 years.
c) interest in the Cd will increase to inflation over 5 years.
d) during the next 5 years, the bank will not offer higher interest rates.
Financial planning allows individulas to
a) develop strategies for savings and investing
b) guarantee income for retirement
c) avoid credit scams and identity theft
d) eliminate risk on investments
What is the advantage of having money is a savings account rather than in CD
a) money earns higher interest in savings
b) interest earned in saving is not taxable
c) interest in savings account is variable
d) Money in the savings account has greater liquidity.
A 20 year old man started depositing a $1000 a year into a savings account at 3% interest. His cousin started saving $2,000 a year in a savings acct in the same bank when she was 40 years old. Both accounts earned the same rate of interest. Today t
a) Both accounts have the same amount of money
b) She has more money because she deposited more money
c) the mans account has more money because his money earned interest for longer period of time.
d) THE man's account has more money because he deposited more money.
An investment that pools the money of many shareholders and invests it in a diversified portfolio of securities, such as stocks, bonds, and money market assets.
a) Mutual Fund
b) Margin
c) Profit
d) capital gains
A pharmacy is to drugs as the American Stock Exchange is to
a) New York Stock Exchange (NYSE)
b) Securities
c) Why does a corporation issue bonds?
d) SEC
A certificate of debtloan that earns interest and are used by companies, municipalities, states and U.S. to finance a variety of projects and activities.
a) Profit
b) Bonds
c) Stocks
d) Mutual Funds
A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that dividend, this means that the $2.00 will go toward buying
a) Income Stocks
b) Blue chip Stocks
c) Speculative Stocks
d) more of the same stock.
To raise money for expansion or other company operations a company would issue ________
a) Dow Jones
b) stocks or bonds
c) interest rates,inflation,
d) New York Stock Exchange (NYSE)
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