What is a bad thing about mutual funds?

They cannot be changed and can be expensive

A probate judge deals with which of the following types of cases?

Validating an individual’s last will and testament

What is a good thing about a mutual fund?

They are more stable than individual stocks

Selling Government bonds (Securities) - Government Debt

Contraction - Takes Money out of the Economy.

Keep money safe and pay interest

A person appointed to handle a customer’s financial affairs

Contains a wide range of different investment instruments

Bonds sold by the U.S. Department of the Treasury

What is the minimum a person should contribute to their 401K?

the maximum the company will match

What are capital gains?

A profit from the sale of property or an investment

An index that tracks the stocks of the top 500 companies in the US

A group of stocfks that spread risk over several companies

What is a bad thing about cyptocurrency?

They are unpredictable- lots of ups and downs

What is a pro of investing in stocks?

They are relatively easy to buy and sell

Why do most cryptocurrency transactions involve the usage of lots of electricity?

Computers all over the world process transactions

is a document frequently used to authorize one person to act on behalf of a

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EPF Unit 5- Investing

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Questions 35

Answers

1
At what age can you withdraw money from a traditional 401k without penalty?
55
59 1/2
62 1/2
58
2
A 401K and IRA are both considered this type of savings option.
Retirement Account
Mutual Fund
Money Market Account
Stock
3
A Roth 401k is taxed when your withdraw funds.
False
True
4
What is a bad thing about mutual funds?
They are not regulated by the government
They are only backed by 3 major banks
They cannot be changed and can be expensive
They are unpredictable
5
A probate judge deals with which of the following types of cases?
White-collar crimes, such as embezzlement
Validating an individual’s last will and testament
Both felony and misdemeanor criminal cases
Revocation of an individual’s house arrest
6
True/False: Investing in a diversified portfolio of stocks guarantees you will not lose money.
True
False
7
What is a good thing about a mutual fund?
They are more stable than individual stocks
They are only accessible to people worth less than $150,000
They can be arranged to fit your needs
They are almost always cheaper than a bond
8
Savings accounts are ____.
all of the above
offered by any savings institution
a place in which you can deposit money
a way you can earn interest
9
Selling Government bonds (Securities) - Government Debt
Expansion - Outs Money Into the Economy.
Contraction - Takes Money out of the Economy.
10
In a Roth 401k or IRA the investment grows tax free.
F
T
11
Mutual funds :
are guaranteed money
have no risk at all
are less risky than stocks
are more risky than stocks
12
Savings accounts:
Keep money safe and charge interest for saving
Help a person manage the money he/she spends
Keep money on hand to spend at a moment's notice
Keep money safe and pay interest
13
The higher the risk, the higher the reward
True
False
14
What technology is used to record cryptocurrency transactions?
Digital wallet
Token
Blockchain
Mining
15
The Dow Jones is
a corporation
a stock market
a stock market index
a commercial bank
16
What is a good thing about cryptocurrency?
Crypto is heavily regulated by the government
Crypto is easy to create
Crypto is guaranteed to make money
Crypto cannot be hacked
17
Power of Attorney
An account for people under 18
A person appointed to handle a customer’s financial affairs
When a customer goes bankrupt
18
Mutual funds:
Contains a wide range of different investment instruments
Usually less risky than investing in a money market
Guaranteed to increase in value
An investment portfolio managed by the investor
19
Government Bonds
Double agents that work for the feds
Bonds issued by state or local governments
Are the same as junk bonds
Bonds sold by the U.S. Department of the Treasury
20
What is the minimum a person should contribute to their 401K?
the maximum the company will match
5%
none of the above
10%
21
What are capital gains?
A profit from the sale of property or an investment
A raise
Getting a new job
Knowing the capitals of the states
22
The government borrows money by selling government bonds
True
False
23
Government bonds are:
A form of money
A form of Government IOU
A type of lottery
A way for firms to borrow money
24
What is the S&P 500?
AN index that tracks the 3 largest cryptocurrencies
An index that tracks the stocks of the top 500 companies in the US
The most popular bond from the US government
The post popular mutual fund
25
Mutual Funds are
A group of stocfks that spread risk over several companies
Stocks from one company
A group of stocks from real estate
Are high risk as they are all start up companies
26
What is a bad thing about cyptocurrency?
They are unpredictable- lots of ups and downs
They are higher than other investments
They can only be traded on Google services
They are only backed by 3 major banks
27
What is a pro of investing in stocks?
They are not regulated by the government
They are easy to predict
They are relatively easy to buy and sell
They guarantee returns
28
Why do most cryptocurrency transactions involve the usage of lots of electricity?
They need to report the data to banks
The government wants a copy of every transaction
It’s the 1st time money can be sent electronically
Computers all over the world process transactions
29
power of attorney
for the preservation of historic sites
passed for the express purpose of minimizing the legal risks that common la
is a document frequently used to authorize one person to act on behalf of a
is a temporary suspension of property tax used to encourage economic develo
30
This program provides pensions for the handicapped, orphaned, blind and elderly
Social Security
Temporary Assistance for Needy Families
Medicare
Medicaid
31
What are pensions and 401ks?
Taxes you pay
Ways to save for retirement
Insurance you buy
32
What is a stock?
A loan to the government
a law that regualtes banks
A small "piece" of a company
Money you make on your second job
33
What are Dividends?
Profits paid the workers only
Profits paid to Shareholders
Profits paid to the CEO
negative earnings paid to the CEO
34
Government Bonds
Have higher returns than stocks
All the above
Have a higher risk than stocks
Are Issued by the US Treasury
35
The Dow Jones Index is comprised of _____.
30 mutual funds
30 bonds
30 stocks of large companies
500 stocks of large companies

EPF Unit 5- Investing Flashcards | StudBud