Personal Finance Exam Review 6

Test Description: Final exam review

Instructions: Answer all questions to get your test result.

1) The use of long-term savings to earn a financial reward is called

2) According to the Rule of 72, if an investment of $5,000 is yielding an average of 6 percent, it will take ___ years for that investment to be worth $10,000.

3) Which of the following is typically the first stage of investing?

4) Maximization of return in the next five to ten years is the goal of which investment strategy?

5) This type of risk is caused by the business cycle.

6) All of the following are wise investment practices except

7) A daily newspaper that provides detailed coverage of the business and financial world is

8) Professional investment planners who are trained to give investment advice based on your goals, age, lifestyles, and other factors are called

9) Which of the following would be considered the lowest risk investment?

10) The right, but not the obligations, to buy or sell a commodity or stock for a specified price within a specified time period is called a(n)

11) Which of the following would be considered an odd lot of stocks?

12) An increase in the value of a stock over time is called a(n)

13) A common stock

14) Stocks in young, often small corporations that have higher overall risk than stocks of successful, long-established companies are called

15) The price for which a stock is bought and sold in the marketplace is called the

16) Current Profit on Stock/Purchase Price + Commission=

17) Which of the following is not a securities exchange?

18) Which of the following investment techniques would more likely be used by a day trader?

19) Using dividends previously earned on a stock to buy more shares is called

20) The price of a share of stock divided by the corporation's earnings over the past 12 months is the


*select an answer for all questions

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