Banking & Investing EPF Flashcard Fall 2024

Front

A mutual fund is

Back

An investment in a diversified group of stocks

Front

Don't put all your eggs in one basket best refers to which of the following pieces of advice: Diversify your stock portfolio in order to reduce risk, Invest in a single stock for the largest gain, Take out as many loans as you can, Don't hesitate when buying stocks

Back

Diversify your stock portfolio in order to reduce risk

Front

Which would be considered the highest risk investment type? Options: Stock, Mutual Fund, Bond, Money Market Account

Back

Stock

Front

Diversification is important in investing because…

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It helps you to balance your risk across different types of investments.

Front

Bank deposits are insured by to $250,000 by which agency?

Back

Federal Deposit Insurance Corporation

Front

What is the first set of numbers at the bottom of the check called? (789123456)

Back

Routing & Transit Number

Front

Signing the back of a check made payable to you is called?

Back

Endorsement

Front

What is happening in this image?

Back

Phishing

Front

This chart represents interest rates for? Checking account, Certificate of Deposit, Savings account, Money Market account

Back

Certificate of Deposit

Front

What is one of the most effective tools used by "bad actors" to secure private data or information about a person's financial status because people check their phones regularly? Options: Pro-phishing, Vishing, Smishing, Reeling

Back

Smishing