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Personal Finance: Chapter 11 Test

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Companies that have issued stock are required to pay dividends to stockholders.

a)

True

b)

False

2.

Buying on margin is a conservative-low risk way to purchase stocks.

a)

True

b)

False

3.

Calculate the net profit for the following trade AND determine whether it is a short-term or long-term gain: On February 10, 2024 bought 40 shares of Bitcoin Depot at $10 per share and sold on November 1, 2025 for $20 per share.

a)

$400 as short-term gain

b)

$800 as long-term gain

c)

$400 as long-term gain

d)

$800 as short-term gain

4.

A stop order trade requests that a stockbroker ____.

a)

buy a stock at the best possible price

b)

sell a stock for a specific amount

c)

decide when to sell a stock

d)

buy or sell a stock at its current value

5.

A few years ago, Nina purchased stock in several companies to add to her portfolio. Nina noticed that she began receiving higher-than-average dividends compared to her previous portfolio. It can be concluded that her current portfolio has a number of____ stocks.

a)
income
b)

growth

c)

cyclical

d)

penny

6.

A_____ is a market condition that occurs when investors are optimistic about the economy and they buy stocks in greater demand.

a)
bull market
b)

stock market

c)

over the counter market

d)

bear market

7.

A marketplace where brokers meet to buy and sell stock is called .

a)
a securities exchange
b)

a primary market

c)

ebay

d)

a brokerage firm

8.

The_____ of an investment is the annual dividend of an investment divided by the investment's current market value, expressed as a percentage.

a)

capitalization

b)

margin

c)

total return

d)
current yield
9.

____ is the stock classification for those stocks issued by strong and respected companies that show leadership in an industry and a history of stable earnings.

a)

preferred stock

b)

income stock

c)
blue-chip stock
d)

growth stock

10.

_____ gives a stockholder an idea of a company's profitability for EACH share.

a)

Current yield

b)
Earnings per share
c)

Price-earnings ratio

d)

Projected earnings

11.

A network of dealers who buy and sell the stocks of corporations that are not listed on a securities exchange.

a)

Over the Counter Market

b)

Primary Market

c)

Capital Market

d)

New York Market

12.

William has been watching the stock market for the last 5 years. He feels that investors have lost confidence in the economy and that stock prices will continue to decline. He claims that the stock market is currently a market.

a)

bull

b)

raging

c)
bear
d)

recession

13.

What is the formula for calculating the total return on the stock?

a)

net earnings/common stock outstanding

b)

dividend x number of shares x years held

c)

current return + capital gain

d)

annual dividend/ current market value

14.

A request to buy or sell a stock at the current market value

a)

Market Order

b)

Income Stock

c)

Stop Order

d)

Penny Stock

15.

A trade request to sell a stock at a specified price

a)

Penny Stock

b)

Market Order

c)

Stop Order

d)

Income stock

16.

Pays higher-than-average dividends compared to other stock issues

a)

Market Order

b)

Stop Order

c)

Income Stock

d)

Penny Stock

17.

Types of stocks that are issues by new companies and companies that are very unsteady

a)

Market Order

b)

Stop Order

c)

Penny Stock

d)

Income Stock

18.

According to the content delivered in this chapter, long term strategies offer the investor a benefit such as:

a)

quick returns on day trading

b)

quick returns on penny stocks

c)

higher chance of overall gains in the future

d)

overall decrease in stock price

19.

Brayden, a risky investor, would be attracted to all of the following investments EXCEPT:

a)

Shorts Sales

b)

Penny Stocks

c)

Small-Cap Stocks

d)

Blue-Chip Stocks

20.

Stock purchased in January 2025 and then sold in February 2026 is considered a Long-Term Gain.

a)

True

b)

False