2020 Online Finances Quiz

What does NYSE stand for?

• New York Securities Exchange

• New York Stock Exchange

• New Style Sock Exhibit

• New York Stock Market

What is the second largest stock exchange in the world?

• NYSE

• NASDAQ

• Tokyo Stock Exchange

• London Stock Exchange

Stocks are bought and sold in units called ______, which represent part ownership in a company.

• markets

• exchanges

• bonds

• shares

The price of _______ does not change throughout the day.

• mutual funds

• stocks

• ETFs

What is an advantage of buying mutual funds instead of individual stocks?

• Mutual funds offer greater diversification than individual stocks, and therefore less risk.

• Mutual funds cost more than individual stocks.

• Mutual funds offer higher earning potential because the price does not change throughout the day.

• Mutual funds are guaranteed to not lose value, whereas stocks can lose value over time.

What is the difference between mutual funds and ETFs?

• The kinds of stocks they contain.

• ETFs are usually more expensive than mutual funds.

• Mutual funds are less risky than ETFs.

• ETF share prices can change throughout the day. Mutual fund share prices cannot.

What is the lowest share price Alaska Air Group has had in the last year?

• $65.56

• $64.39

• $98.30

• $59.25

The amount of money you put into a bank account.

• interest

• rate

• principal

• time

Julie deposits $900 into her savings account, which pays her 0.25% interest per year. After one year how much money will be in her account?

• $2.25

• $902.25

• $225

• $92.25

Which of the following is generally the least risky option?

• savings accounts

• stocks

• Bitcoin

• mutual funds