Jack is reviewing his investment portfolio
to make sure it includes options that will
allow him to access money immediately.
Which type of evaluation factor of saving is
he considering?
What is liquidity?
100
The city government needs 1.2 million
dollars to build a new medical facility.
Which type of bond investment
opportunity would help the city
government obtain funding for the facility?
What is a municipal bond?
100
How much interest is earned on a balance
of $1,800 that is compounded semiannually
at a 6% interest rate for an account
maintained for one year?
$109.62
100
The Federal Reserve System supplied the
monetary system with $300 billion. This is
an example of which
What is Participating in open market activities
100
Phil is writing a company check and just
completed writing the amount of the check
in words. What should Phil do NEXT?
What is Write in the purpose of the check
200
Mary needs a savings plan that will allow
her to access her money as cash for
potential emergency needs. Which type of
evaluation factor of saving is she
considering?
What is liquidity?
200
How are common and preferred stocks
different?
Preferred stock stockholders have priority
in dividend payments.
200
Sam prefers a savings plan that allows him
to earn interest on previously earned
interest. Which type interest does he
prefer?
What is compound?
200
The Federal Reserve System approved the
merger of Wachovia Bank and Wells Fargo
Bank. This is an example of which service
of the Federal Reserve System?
What is Approving bank mergers
200
Which is the FIRST step in the check
writing process?
What is Writing the appropriate information in
the check register
300
Mary's business has $5,000 to start a
savings plan at a local bank. She is
comparing the interest rates between a
mutual fund and a regular savings account.
Which evaluation factor of saving is Mary
considering?
What is potential return?
300
How are common and preferred stocks
similar?
Both have a risk of loss of a investment.
300
Ted deposits money in a savings plan
regularly. The interest he earns on this plan
is indicative of how the money markets are
doing. Which savings plan is he using?
What is Money market account?
300
James received a $100 check. He wants to
endorse this check over to Steve. Which
type of endorsement should James use?
What is Full
300
What is Ms. Cobb's first name? (spelling counts)
What is Kari
400
Bob sells specialty guitars and hopes to
exchange the guitars for a much higher
value than the purchase price. Which type
of investment could the guitars become?
What is collectibles?
400
RadioShack offers shares of stock to
investors at a consistent rate of 6% without
any voting rights. What type of stock is it
offering?
What is Preferred stock
400
Mary prefers a relatively safe investment
that will allow her to withdraw money after
a few days without losing any of her
principal. Which is the BEST investment
choice for Mary?
What is Money market account?
400
Maria prefers an endorsement that will
make sure checks are used for deposits only
to her business account. Which type of
endorsement is preferred?
What is Restrictive endorsement
400
What room is our exam in?
What is auto-tech
500
Some customers recently learned that they
can exchange quilts purchased from
Tyson's Antique Store over 25 years ago for
higher prices than they were originally
purchased. Which type of investment are
the quilts?
What is collectibles?
500
How much interest is earned on a balance
of $1,000 for a certificate of deposit that is
compounded at an 8% interest rate for an
account maintained for three years?
$259.71
500
The Federal Reserve System aids in
transferring funds between banks in North
Carolina and New Jersey. This is an
example of which service of the Federal
Reserve System?
What is a clearinghouse?
500
Which is the FIRST step in opening a
checking account?