
Personal Finance (Accounts)
Authored by Hunter Holland
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A checking account is a ______ _______held at a financial institution that allows withdrawals and deposits.
Deposit Account
Savings Account
Withdrawal Account
Interest-Bearing Account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account is a(n) ___________ deposit account held at a bank or other financial institution.
Deposit Account
Spending Account
Withdrawl Account
Interest-Bearing Account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A brokerage account is an _______ _______used to buy and sell securities such as stocks, bonds, mutual funds, and ETFs.
Spending Account
Deposit Account
Investment Account
Withdrawal Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To open a checking account you need identification, proof of address, opening deposit, and _________.
Proof of Insurance
Reference
Application
Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mutual fund is a financial vehicle that pools _____ from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets.
Assets
Credit
Debit
Liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An ETF is
A type of pooled investment security that operates much like a mutual fund
A bank account for everyday expenses
Debt securioty, like an IOU
Designed to hold money you do not plan to spend immediately
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Stock is
A debt security, like an IOU
Capital raised by a business or corporation through the issue and subscription of shares
A bank account for everyday expenses
Designed to hold money you do no plan to spend immediately
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