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PoBF Unit 4.03 Review (14 Questions - 2)
Test Description: PoBF 4.03 Test
Instructions: Answer all questions to get your test result.
1) How much interest is earned on a balance of $1,800 that is compounded semiannually at a 6% interest rate for an account maintained for one year?
A
$109.62
B
$175
C
$154
D
$110
2) Sam prefers a savings plan that allows him to earn interest on previously earned interest. Which type interest does he prefer?
A
variable
B
money market
C
simple
D
compound
3) Ted deposits money in a savings plan regularly. The interest he earns on this plan is indicative of how the money markets are doing. Which savings plan is he using?
A
certificate of deposit
B
savings account
C
bond investment
D
money market account
4) How are common and preferred stocks different?
A
Both stockholders have voting rights.
B
Preferred stock stockholders have priority in dividend payments.
C
Both have the same amount of risk
D
Both pay limited dividend payments.
5) Bob sells specialty guitars and hopes to exchange the guitars for a much higher value than the purchase price. Which type of investment could the guitars become?
A
commodities and futures
B
collectibles
C
commodity exchanges
D
gold. silver and precious metals
6) Mary needs a savings plan that will allow her to access her money as cash for potential emergency needs. Which type of evaluation factor of saving is she considering?
A
safety and risk
B
taxes
C
potential return
D
liquidity
7) How are common and preferred stocks different?
A
Preferred stock stockholders have a minimum period of ownership.
B
Preferred stock stockholders have priority in dividend payments.
C
Common stock pays stockholders limited dividend payments.
D
Common stockholders have non-voting rights.
8) How are common and preferred stocks similar?
A
Both stockholders have voting rights.
B
Both have a risk of loss of a investment.
C
Both pay limited dividend payments.
D
Both have the same amount of risk.
9) RadioShack offers shares of stock to investors at a consistent rate of 6% without any voting rights. What type of stock is it offering?
A
preferred stock
B
mutual fund
C
bond
D
common stock
10) Ted deposits money in a savings plan regularly. The interest he earns on this plan is indicative of how the money markets are doing. Which savings plan is he using?
A
certificate of deposit
B
savings account
C
bond investment
D
money market account
*select an answer for all questions
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