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Financial Literacy Practice Flashcards | StudBud
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Financial Literacy Practice
Financial Literacy Practice
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Simple Financial Literacy Test Prep and Review
Flashcards
25 cards
F
Practice quiz
P
Host live
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Questions
25
Answers
1
Stock markets are open on business days around the clock, around the world.
False
True
2
It is wise to buy high, and sell low.
False
True
3
Stocks are items found in the storeroom of a grocery store.
False
True
4
When the stock market goes up, it causes the economy to grow.
True
False
5
A ticker symbol always begins with the first three letters of a company's name.
False
True
6
Sometimes companies buy their own stocks on the stock market.
True
False
7
There are 50 companies that make up the Dow Jones Industrial Average.
True
False
8
The best time to invest in the stock market is when you need to save money for a college fund.
True
False
9
Corporations sell new issues of stock on the New York Stock Exchange.
True
False
10
Someone who owns stock in a company is called a shareholder.
False
True
11
Only rich people invest in the stock market.
False
True
12
People can buy stocks on the Internet.
True
False
13
Most stocks on the stock market are sold by the United States Government.
True
False
14
Stock prices are set by the Securities & Exchange Com., a regulatory agency of the government.
False
True
15
Any stock that goes up in price must eventually come back down.
True
False
16
The benefit to diversifying your portfolio is that you learn about all kinds of stocks.
True
False
17
It is hard to buy a good stock today because all the good ones have already been purchased.
False
True
18
Bears, Bulls, and Pigs are found in the stock market.
True
False
19
"Insider" stock trading means that trading stocks takes place inside the building.
False
True
20
Diversifying your portfolio means to buy stocks from many different industries.
True
False
21
If the stock market goes up 30 percent one year, it will fall by 30 percent in the next year.
Most Likely
False
Maybe
True
22
The NYSE closes at 2pm Eastern time.
False
True
23
The SEC stands for Stocks and Economy Commission.
False
True
24
Buying stocks is a sure way to make money.
False
True
25
Short-selling is legal in the United States.
True
False