Brokerage Account Quiz

What is a brokerage account primarily used for?

• Purchasing investments like stocks and bonds

• Opening a savings account

• Applying for a loan

• Buying real estate

Which of the following is NOT a benefit of a brokerage account?

• No contribution limits

• I can buy lottery tickets with my brokerage account

• Take money out at any time

• Large investment selection

What is a key feature of a managed brokerage account?

• Investment management from a human advisor or robo-advisor

• No need for any investment management

• Only allows investment in real estate

• Requires a high initial deposit

What is the role of a broker in a brokerage account?

• Acts as a middleman between you and the investments

• Provides tax advice

• Manages your personal savings account

• Offers insurance policies

What is a robo-advisor?

• A computer program that manages investments based on goals and timeline

• A human advisor who provides investment tips

• A tool for calculating taxes

• A platform for buying real estate

What is a brokerage account used for?

• It’s an online portal that allows you to set up appointments with a fund manager

• It’s the account you use to pay any taxes you owe on money you earned on your investments

• It’s a type of account used to buy and sell stocks, bonds, and funds

• It’s a special type of 401(k) plan that only some employers offer

individual or firm that acts as an intermediary between an investor and a securities exchange.

• Bond

• Credit Union

• Broker

• Bank