What is the primary purpose of a financial advisor?
Mastering Financial Vocabulary and Investments

Quiz
•
English
•
12th Grade
•
Easy
Emma Issa
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To manage a company's investments.
To sell insurance products exclusively.
To provide tax preparation services.
To provide financial guidance and planning.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a liquid asset?
Real estate
Stocks
Bonds
Cash
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to live within a budget?
Living within a budget requires borrowing money to cover expenses.
To live within a budget means to spend less than or equal to your income.
To live within a budget means to spend freely without limits.
It means to ignore all financial constraints and enjoy life.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between stocks and mutual funds?
Mutual funds are only for retirement accounts.
Stocks are safer than mutual funds.
Stocks are individual company shares; mutual funds are pooled investments in a diversified portfolio.
Stocks are always more profitable than mutual funds.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a mortgage work?
A mortgage is a type of insurance for homeowners.
A mortgage is a rental agreement for commercial spaces.
A mortgage is a government grant for buying property.
A mortgage is a loan to buy property, secured by the property itself.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of a credit card statement?
It is only used for tracking rewards points.
It is a legal document for loan applications.
The significance of a credit card statement is to provide a detailed record of transactions and help manage finances.
It serves as a promotional tool for credit card companies.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is fiscal policy?
Fiscal policy is the government's approach to managing the economy through spending and taxation.
Fiscal policy is the strategy used by businesses to maximize profits.
Fiscal policy is the central bank's method of controlling inflation.
Fiscal policy refers to the regulation of interest rates by the government.
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