Banking & Investing EPF Quiz Spring 2025

A mutual fund is 

• An investment in a diversified group of stocks
• The money left over when reinvested into the company
• An account that guarantees a fixed rate of return
• Exclusively for retirement accounts

Don't put all your eggs in one basket best refers to which of the following pieces of advice

• Diversify your stock portfolio in order to reduce risk
• Invest in a single stock for the largest gain
• Take out as many loans as you can
• Don't hesitate when buying stocks

Which would be considered the highest risk investment type?

• Stock

• Mutual Fund

• Bond

• Money Market Account

Diversification is important in investing because…

• It helps you to balance your risk across different types of investments.

• It increases your overall risk, which guarantees that you will make more money.

• It ensures that you only make low-risk investments.

• It helps you gain the highest rate of return despite any risks.

Bank deposits are insured by to $250,000 by which agency?

• Social Security Administration

• Federal Reserve System

• Federal Deposit Insurance Corporation

• Department of Treasury

What is the first set of numbers at the bottom of the check called? (789123456)

• Account Number

• Check Number

• Routing & Transit Number

• Telephone Number

Signing the back of a check made payable to you is called?

• Deposit

• Payor

• Endorsement

• Influencer

What is happening in this image?

• Graphing

• Investing

• Cushioning

• Phishing

This chart represents interest rates for?

• Checking account

• Certificate of Deposit

• Savings account

• Money Market account

What is one of the most effective tools used by "bad actors" to secure private data or information about a person's financial status because people check their phones regularly?

• Pro-phishing

• Vishing

• Smishing

• Reeling