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Unit 7, 8, 9 Review Quizizz

Total questions: 40

Worksheet time: 21mins

Name
Class
Date
1.

Sierra is looking for a low-risk investment. She wants a stable investment that is like a loan and will be paid back when it is matured. What type of investment should Sierra buy?

a)

Common Stock

b)

Bonds

c)

Mutual Funds

d)

Money Market Accounts

2.

Ava wants to use a savings tool to safely store money and earn interest. If she needs the account to have some liquidity without sacrificing potential interest, which savings tool should she use?

a)

Common Stock

b)

Savings Accounts

c)

Certificate of Deposit

d)

Money Market Account

3.

Carl is 25 years old and is looking for a high risk, high reward investment that can potentially earn a lot of money. What should Carl invest money in?

a)

Bonds

b)

Mutual Funds

c)

Money Market Accounts

d)

Common Stocks

4.

This type of investment is a business that accepts deposits to invest money in various ways, such as the stock market, bonds, or other investment choices.

a)

Common Stock

b)

Mutual Funds

c)

Money Market Accounts

d)

Corporate Bonds

5.

Which of the following savings tools is the least liquid, but the highest potential interest rate?

a)

Certificate of Deposit

b)

Savings Account

c)

Money Market Account

d)

Mutual Fund

6.

This is the amount of money needed today in order to equal a certain amount in the future.

a)

Rule of 72

b)

Time Value of Money

c)

Compound Interest

d)

Principal

7.

If Katherine buys stock in Apple at $100/share and sells the stock at $200/share, she will receive

a)

Diversification

b)

Dividends

c)

Capital Gains

d)

Capital Losses

8.

True or False: Preferred stockholders are voting members of the corporation

a)

True

b)

False

9.

If DEF Corporation stock is being traded between buyers and sellers, but the corporation is not making money, the stock is in the

a)

Bear Market

b)

Primary Market

c)

Secondary Market

d)

Bull Market

10.

If the overall stock market is in a decline and the prices are rising slower than historical averages, it is known as a

a)

Bear Market

b)

Primary Market

c)

Secondary Market

d)

Bull Market

11.

What is the government agency responsible for regulating the stock market and ensuring publicly-traded companies disclose accurate information to the public?

a)

Federal Deposit Insurance Corporation (FDIC)

b)

Securities and Exchanges Commission (SEC)

c)

National Credit Union Association (NCUA)

d)

Federal Bureau of Investigation (FBI)

12.

This institution provides insurance up to $250,000 on accounts for retail banks, commercial banks, and savings & loan associations

a)

Federal Deposit Insurance Corporation (FDIC)

b)

Securities and Exchanges Commission (SEC)

c)

National Credit Union Association (NCUA)

d)

Federal Bureau of Investigation (FBI)

13.

Dividends are

a)

Financial assets issued by corporations, governments, and other organizations.

b)

When a shareholder sells a share for more than they paid for it

c)

When shares are sold for less than what they paid for them

d)

Profits distributed to shareholders from corporations

14.

___________ is how quickly an asset can be converted into cash

a)

Risk

b)

Liquidity

c)

Convenience

d)

Investing

15.

This retirement plan is NOT employer sponsored but is tax deferred

a)

Traditional IRA

b)

401(k)

c)

403(b)

d)

Roth IRA

16.

This retirement plan is government sponsored may also be used for disability benefits

a)

Traditional IRA

b)

401(k)

c)

Pension

d)

Social Security

17.

This retirement plan is employer sponsored and is available only for public employees

a)

Traditional IRA

b)

Pension

c)

403(b)

d)

401(k)

18.

This retirement plan is NOT employer sponsored and is NOT tax deferred

a)

Traditional IRA

b)

Roth IRA

c)

401(k)

d)

Annuity

19.

Which of the following is NOT a characteristic of money?

a)

Durable

b)

Unit of Account

c)

Divisible

d)

Limited Supply

20.

Choose all of the following which are functions of money

a)

Medium of Exchange

b)

Unit of Account

c)

Limited Supply

d)

Store of Value

e)

Durability

21.

Gold is an example of

a)

Fiat Money

b)

Commodity Money

c)

Green Money

d)

Gold Money

22.

When the Federal Reserve changes the required reserves for member banks it is known as changing the

a)

Open Market Operations

b)

Discount Rate

c)

Reserve Requirements

d)

Taxation

23.

When the Federal Reserve buys and sells Treasury Securities it is known as

a)

Open Market Operations

b)

Discount Rate Manipulation

c)

Reserve Requirements

d)

Federal Reserve does not buy/sell Treasury Securities

24.

Which of the following is NOT a power of the United States Treasury?

a)

Open Market Operations

b)

Reserve Requirements

c)

Discount Rate Manipulation

d)

All of the Above

25.

Choose all of the following which are powers of the United States Treasury

a)

Printing Money

b)

Buy/Sell Treasury Securities

c)

Issue Treasury Securities

d)

Collect Taxes

e)

Regulate the stock market

26.

The Federal Reserve System contains ________ regional banks

a)

5

b)

7

c)

12

d)

19

27.

Changing of government taxation or spending by the government

a)

Monetary Policy

b)

Fiscal Policy

28.

When the national debt is greater than the national income, it is known as

a)

Budget Surplus

b)

Budget Balance

c)

Budget Deficit

29.

What type of tax is used mostly by the federal government to provide public goods and services?

a)

Property Tax

b)

Excise Tax

c)

Sales Tax

d)

Income Tax

30.

Local governments depend mostly on this type of tax for government revenue

a)

Sales Tax

b)

Property Tax

c)

Income Tax

d)

Excise Tax

31.

Property taxes are an example of

a)

Indirect Taxes

b)

Progressive Taxes

c)

Direct Taxes

d)

Regressive Taxes

32.

Sales taxes are an example of

a)

Indirect Taxes

b)

Direct Taxes

c)

Progressive Taxes

d)

Regressive Taxes

33.

Progressive taxes

a)

Increase as individual incomes increase

b)

Decrease as individual incomes increase

c)

Remain the same for all incomes

d)

Are paid directly to the government

34.

A reduction in taxable income is known as

a)

Tax Credit

b)

Tax Break

c)

Tax Deduction

d)

None of the Above

35.

Victor is has an account with at a co-operative financial institution. This institution is only open to members. What institution is Victor a member of?

a)

Retail Bank

b)

Investment Bank

c)

Credit Union

d)

Savings and Loan Association

36.

Which of the following is NOT an example of a financial institution?

a)

Suntrust Bank

b)

State Farm Insurance

c)

Quicken Loans

d)

McDonalds Corporation

37.

Which of the following financial institutions would charge a higher interest rate on loans?

a)

Retail Bank

b)

Pawnshop

c)

Commercial Bank

d)

Insurance Company

38.

One of the benefits of having bank accounts is

a)

Potential minimum balance fees

b)

Fees for using other banks' ATMs

c)

Interest earned on money saved

d)

Late fees for late payments

39.

Which of the following is difficult for unbanked consumers?

a)

Establishing Credit

b)

Receiving Direct Deposit Income

c)

Keeping Money Safe

d)

All of the Above

40.

Which of the following is an example of an electronic money transfer

a)

Christopher's ATM transaction for $20

b)

Angela receiving $40 cash from her grandmother

c)

Lucas cashing a check inside the bank

d)

Patrick using a check to pay for groceries