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Personal Investing Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What's the best explanation of diversification?

Question 2 2. A money market fund is a(n) _____.

Question 3 3. How are a mutual fund and an exchange-traded fund different?

Question 4 4. Money market funds are _____.

Question 5 5. Which of the following lists is in the correct order, from least to most, of the market value of each type of financial asset discussed in this lesson?

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Question 6 6. Which is a reason why someone would use a savings account?

Question 7 7. Mary wants to invest in a security that is sold on stock market. If she wants the highest diversification, what should Mary do?

Question 8 8. Which of these is a type of money market fund?

Question 9 9. U.S. Treasury funds offer which of the following?

Question 10 10. Why are savings accounts not the best choice for long-term investments?

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Question 11 11. What is a creation unit?

Question 12 12. When did savings account interest rates start falling?

Question 13 13. Why would an investor buy investment vehicles other than mutual funds or exchange-traded funds?

Question 14 14. Which of the following financial assets is a debt instrument - a promise by the issuer to pay the holder their principal plus interest at some future date?

Question 15 15. Why do older people put their money in savings accounts?

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Question 16 16. Yvette is risk intolerant and does not want there to be much fluctuation in value for her assets. Which asset would Yvette most likely keep?

Question 17 17. Which of the following BEST explains the contractual obligation associated with stock?

Question 18 18. George reaches into his wallet and pulls out a $20 US bill to pay for his coffee. By using currency to make a purchase, what is George actually doing?

Question 19 19. Robert has a very low risk tolerance and wants to invest in money market funds. Why would Robert choose U.S. Treasury funds?

Question 20 20. Which of the following is considered a savings account?

Personal Investing Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Finance 102: Personal Finance  /  Business Courses
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