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Personal Finance: Investing & Insurance

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Type of security that gives stockholders a share of ownership in a company

a)

Credit Cards

b)

Debit

c)

Stocks

d)

Properties

2.
The higher the risk the, _______ the reward
a)
Higher
b)
Lower
c)
There is no relationship between risk and reward
d)
All of the above
3.
The lower the risk, the ______ the reward
a)
Higher
b)
Lower
c)
There is no relationship between risk and reward
d)
All of the above
4.

What is a mutual fund?

a)

They represents ownership of a corporation. Stockholders own a share of the company and are entitled to a share of the profits as well as a vote in how the company is run.

b)

A mutual fund is an “IOU,” certifying that you loaned money to a government or corporation and outlining the terms of repayment.

c)

Professionally managed portfolios made up of stocks, bonds, and other investments.

5.

What are stocks?

a)

A Stock is an “IOU,” certifying that you loaned money to a government or corporation and outlining the terms of repayment.

b)

Investments that represent small pieces of ownership in a company.

c)

Professionally managed portfolios made up of mutual funds, bonds, and other investments.

6.

A insurance deductible is

a)

the money you pay before any work or repairs on your property can take place.

b)

the money you pay before any work or repairs on someone else's property can take place.

c)

the money you pay to have insurance.

7.

What is a bond?

a)

They represents ownership of a corporation. Stockholders own a share of the company and are entitled to a share of the profits as well as a vote in how the company is run.

b)

A mutual fund is an “IOU,” certifying that you loaned money to a government or corporation and outlining the terms of repayment.

c)

A loan of money to a business or government that is paid back with interest over time

8.

What is a certificate of deposit?

a)

They represents ownership of a corporation. Stockholders own a share of the company and are entitled to a share of the profits as well as a vote in how the company is run.

b)

A mutual fund is an “IOU,” certifying that you loaned money to a government or corporation and outlining the terms of repayment.

c)

A saving certificate with a fixed saving period and fixed interest rate

9.

Wrongful or criminal deception for financial gain is

a)

fraud

b)

identity theft

c)

liability insurance

10.

Identity theft is

a)

the use of someone else's bathroom pass

b)

the illegal use of someone’s personal information to purchase items or receive benefits

c)

the use of someone's account with their permission.

11.

An agreement in which a policyholder transfers the risk for potential financial losses to another party in exchange for a fee is

a)

mutual fund

b)

certificate of deposit

c)

insurance

12.

A financial professional who manages investments and has been trained and licensed to do so is a/an

a)

investment advisor

b)

insurance agent

c)

financial teacher