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Random
100

What is considered the "cost of debt"?

Interest rate

100

Anyone can have a Roth IRA. True or False

FALSE! - Need earned income

100

Which building is the Office of the President in?

Seibert

100

What Does "ETF" stand for?

exchange-traded funds

100

(5^2 * 3) - 1.4*2-1*3 = ?

69.2

200

What is considered a "very good" credit score (Experian)?

a) 730 b)775 c)799 d) both a&b e)both b&c 

f) all of the the above

e

200

Name 1 difference from a SEP IRA and SIMPLE IRA

Employer vs employee contributions, amounts, size of company, ... 

200

Who is the Wealthiest WMU Alumni?

Ronda Stryker - $8.1 Billion

200

Explain the "rule of 72"

The "Rule of 72" is a simple rule of thumb used to estimate the number of years it will take for an investment to double in value, given a fixed annual rate of return.

200

What is Canada's National animal?

The Beaver

300

What was the SOX Act?

  • Corporate Governance: SOX established new requirements for corporate governance and financial reporting, including the creation of the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing profession.
  • Auditor Independence: The Act includes provisions to enhance auditor independence and restrict conflicts of interest, such as prohibiting auditors from providing certain non-audit services to their audit clients.
  • Internal Controls: SOX mandates that companies establish and maintain adequate internal control structures and procedures for financial reporting. This requirement aims to prevent fraud and ensure the accuracy of financial statements.
  • CEO and CFO Certification: The Act requires CEOs and CFOs of publicly traded companies to certify the accuracy of financial statements and disclosures, holding them personally accountable for their accuracy.
  • Whistleblower Protection: SOX provides protections for whistleblowers who report corporate misconduct, prohibiting retaliation against employees who report concerns about financial fraud or other violations.
300

Joe participates in an employer sponsored plan. He makes $65,000 and contributes 7% of his salary. His employer matched 100% of the first 3% and then 50% of the next 3%. How much is contributed to his plan this year?

$7,475

300

How old is President Montgomery? +/- 3years

68

300

Explain the difference with a call vs a put option.

  • Call Option: A call option gives the holder the right, but not the obligation, to buy a specific quantity of the underlying asset at a predetermined price (the strike price) within a specified time period (until expiration).

  • Put Option: A put option gives the holder the right, but not the obligation, to sell a specific quantity of the underlying asset at the strike price within a specified time period.

300

Which animal does NOT have more than 1 stomach.

a) cow b) alligators c) camels d) platypus


d

400

What is the role of a central bank in a country's economy?

Monetary Policy, Banking Regulation, Currency Issuance, Lender of Last Resort

400

What is the purpose of a Required Minimum Distribution (RMD) from retirement accounts, and when does it typically begin?

73. The Required Minimum Distribution (RMD) is the minimum amount that retirement account holders, such as those with traditional IRAs or 401(k)s, must withdraw from their accounts each year once they reach a certain age. The purpose of the RMD is to ensure that individuals withdraw at least a minimum amount from their retirement accounts and pay taxes on those distributions, as these accounts typically offer tax-deferred growth. 

400

Which former First Lady of the US went to WMU?

Betty Ford

400

Can you explain the difference between active and passive investing strategies, and provide examples of each?

Active Investing:


    • Definition: Active investing involves actively buying and selling securities in an attempt to outperform the market or a specific benchmark index.
    • Strategy: Active investors typically conduct in-depth research, analysis, and market timing to identify undervalued or overvalued securities. They may also engage in frequent trading to take advantage of short-term market fluctuations.
    • Management: Active investment strategies often involve the use of professional fund managers or individual investors who make investment decisions based on their analysis and market outlook.
    • Costs: Active investing typically incurs higher costs due to fees associated with fund management, trading commissions, and research expenses.
    • Examples: Mutual funds, hedge funds, and actively managed exchange-traded funds (ETFs) are common examples of active investment vehicles.

  2. Passive Investing:

    • Definition: Passive investing involves investing in a diversified portfolio designed to track the performance of a specific market index or benchmark, rather than attempting to beat the market.
    • Strategy: Passive investors aim to match the returns of the broader market by holding a portfolio of securities that mirrors the composition of a chosen index. Instead of trying to pick winning stocks, passive investors focus on maintaining a low-cost, buy-and-hold approach.
    • Management: Passive investment strategies require minimal ongoing management, as the portfolio is designed to replicate the performance of the underlying index. This often results in lower management fees compared to active strategies.
    • Costs: Passive investing generally has lower costs than active investing, primarily due to lower management fees and reduced trading activity.
    • Examples: Index funds and exchange-traded funds (ETFs) that track popular market indices such as the S&P 500, Dow Jones Industrial Average, or FTSE 100 are common examples of passive investment vehicles.
400

Bobby, Peter, Greg were brothers in what early 70s sitcom?

The Brady Bunch

500

How many federal reserve banks are there? Name half of them.

12. https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-banks.htm#:~:text=The%2012%20Federal%20Reserve%20Banks,district%2C%20of%20the%20United%20States.

500

About how much money does 1 need to retire?

Depends on the client!

500

Which of the following architects were involved in creating the first buildings at WMU?

1. E. W. Arnold 

2.  John C. Olmstead 

a) Only 1

b) only 2

c) Both 1 and 2

d) Neither

c

500

What is the difference from the Sharpe Ratio and the Treynor Ratio?

Sharpe uses SD in the denominator while Treynor uses beta.

https://analystprep.com/cfa-level-1-exam/portfolio-management/calculate-and-interpret-the-sharpe-ratio-treynor-ratio-m2-and-jensens-alpha/#:~:text=Jensen's%20alpha%3D%CE%B1p%3DR,a%20negative%20value%20indicates%20underperformance.

500

What year did the titanic since and about how many deaths were there. +/- 150

1912. 1,496 (1346-1646)

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