stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Wise Practice Test Flashcards | StudBud
Explore
/
Wise Practice Test
Wise Practice Test
14 terms
·
StudBud Administration
·
608 plays
Regulatory Agencies & Retirement Questions
Flashcards
14 cards
F
Practice quiz
P
Host live
L
Questions
14
Answers
1
Most financial experts agree that the best way to protect against inflation is to have a:
Inflation Insurance
Diversified portfolio of stocks
Diversified portfolio of CDs (certificates of deposit)
Diversified portfolio of bonds
2
How much money can you contribute to a traditional IRA each year?
$500
$5000
$600
$1000
3
Which of these is a regulatory agency?
FCIC
NEIC
CFPB
IPS
4
Which of the following is the central bank of the U.S?
Wells Fargo
The Federal Reserve bank
Bank of America
BB&T
5
What do you want to check on your retirement account statement?
Your account balance and rate of return
Your account balance, rate of return and account score
All of the above
Your account balance, rate of return and personal data.
6
What's the best time to start saving and investing for retirement?
2 years before you retire
When you get your first job
When you retire
10 years before you retire
7
What does the FDIC insure?
Deposits
Loans
Bank accounts
Savings
8
Which of the following regulates consumer protection?
SEC
FDIC
FED
CFPB
9
Administrative agencies are created by:
State governors
State supreme courts
Congress or state legislatures
The supreme court
10
How often should you check your retirement accounts?
Every 5 years
Quarterly or annually. Regularly, but not too often.
Monthly
Whenever you change jobs
11
plan tha removes $ from paycheck before taxes & invests in mutual funds for retirement savings
702(k)
402(k)
501(k)
401(k)
12
What is the definition of retirement?
Quitting your job
The action or fact of leaving one's job and ceasing to work
Getting fired from your job
Leaving work and not getting paid anymore
13
What does the SEC not do?
Create Money
Maintain efficient markets
Facillitate capital formation
Protect Investors
14
Which of the following is an example of an independent regulatory agency?
The Treasury Department
The Federal Trade Commission
The Office of Management and Budget
The Department of Justice
