PFLit

PFLit

9th Grade

100 Qs

quiz-placeholder

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PFLit

PFLit

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Laura Berry

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100 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Margo signed a lease to rent a small building for her business. In exchange for the use of the facility, Margo will pay monthly rent. What component of a legally binding contract does the rent represent?

Competent parties

Consideration

Legality

Agreement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An offer must be made by one party and accepted by the other party in order for a contract to be

put in written form.

notarized.

legally binding.

interpreted correctly.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of involuntary debt:

Unsecured line of credit

Automobile loan

Fixed-rate mortgage

Court judgment lien

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A "spoof," or a fake email that appears real, is part of what investment scam?

Pump and dump

A pyramid scheme

Affinity fraud

Phishing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a regulation that protects investors:

Brokerage firms are required to abide by equal opportunity employment laws.

Individuals are not allowed to purchase and sell more than five stocks per week.

Companies must honestly and publicly disclose their business information.

Newspapers and magazines are not allowed to report on stock market trends.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When providing services to clients, financial professionals have the responsibility to supply

accurate information.

payment options.

credit counseling.

bank statements.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if a financial client reports a problem with her/his portfolio?

Call the client back later after s/he has calmed down.

Apologize and resolve the problem immediately.

Ask the manager to return the client's call.

Waive the client's fees for his/her next five transactions.

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