Financial Planning Exam Review (2024)

Front

Which is an example of a non-deposit financial institution? Options: credit union, mortgage bank, commercial bank, mutual savings bank

Back

mortgage bank

Front

An institution that combines the elements of a bureaucracy with those of a private company is called a:

Back

semi-government

Front

Which are examples of deposit-taking financial institutions? Options: commercial banks, credit unions, and brokerages, commercial banks, corporations, and mutual savings banks, credit unions, savings and loan associations, and commercial banks, savings and loan associations, mutual savings banks, and insurance firms

Back

credit unions, savings and loan associations, and commercial banks

Front

Commercial banks and brokerage firms are examples of:

Back

financial intermediaries

Front

Which is an advantage of a money market account over a savings account? Options: The rate of return on a money market account is significantly better., Money market accounts provide corporate ownership rights., One can often write checks from a money market account., Money market accounts are insured by the FDIC.

Back

One can often write checks from a money market account.

Front

The purpose of the risk pyramid is to show a comparison of: one stock to another, one investment to another, stocks to stock mutual funds, corporate bonds to municipal bonds.

Back

one investment to another.

Front

Ownership investments are ideal for investors who are:

Back

risk-tolerant.

Front

Investors take a risk for the potential of receiving a: bonus, prize, promotion, return.

Back

return.

Front

In investing, legal lending or owning agreements between individuals, businesses, or governments are known as:

Back

securities

Front

Which is an example of a lending investment? Options: bonds, stocks, antiques, real estate

Back

bonds