Banking Investment benchmark quiz

Which would you use to get cash from your bank account?

• Phone

• Computer

• ATM

Rule of 72:  How many years to double my money if I get a 9% return on investment? 

• 8 years
• 7.2 year
• 7 years
• 9 years

When you buy a stock, you are buying a small piece of _______ in a company.

• debt
• ownership
• risk

Why do companies issue stocks?

• To create and investment opportunity into other businesses.
• To increase employee cooperation 
• To be traded individually
• To raise money for economic investment

The chance of loss.

• Stock
• Reward
• Risk
• Real Estate

Which of the following statements are true?

• Between cash, stocks, and bonds, bonds are typically considered the riskiest.
• Stocks are the riskiest investments out there.
• Putting money into a savings account with interest is the ideal way for a young adult to invest.
• Historically, stocks have had far greater annual returns than cash, government bonds, and savings

Your risk tolerance for investing should be determined by these two factors:

• Your stocks and bonds
• Your time horizon and when you will need access to the money
• Your debits and credits
• Your education level and ethnicity

Which statement describes SIMPLE interest?

• The same amount of interest every time

• Interest on interest

• The amount of interest goes up every time

James Maxwell said this "is telling your money where to go, instead of wondering where it went." What do you think he was talking about?

• Collateral

• Credit

• Compound Interest

• Budget

What type of stock would have voting rights?

• preferred stock

• common stock

• chicken stock

• stock stock