FA Fall 24

Front

What is the median of the following set of numbers: 3, 5, 7, 4, 3, 1?

Back

3.5

Front

If Jackson bought stocks for $45,500 and sold them for $29,455, what is his capital gain or loss?

Back

Capital loss by $16,045

Front

What is the term for a fee charged when there are insufficient funds in a checking account to cover a check?

Back

Overdraft

Front

What do we call trades that occur after the stock market has closed?

Back

After-hours trading

Front

If Allison is 12 years old and cannot access her $50,000 inheritance until she is 21, how many years does she have to wait?

Back

9 years

Front

How do you calculate the median of a set of numbers?

Back

Arrange the numbers in order and find the middle value.

Front

What is a capital gain?

Back

A capital gain is the profit from the sale of an asset when the selling price exceeds the purchase price.

Front

What is a capital loss?

Back

A capital loss occurs when the selling price of an asset is less than its purchase price.

Front

What is the purpose of after-hours trading?

Back

To allow investors to buy and sell stocks outside of regular market hours.

Front

What is interest?

Back

Interest is the cost of borrowing money or the return on investment for savings.