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Finance
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Introduction to the basics of the "Finance" world
Flashcards
31 cards
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Practice quiz
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Questions
31
Answers
1
What is the money that is left over after all expenses are paid called?
Cash
Net Income/Net Profit
Revenue
Gross Profit
2
What kind of banking system do we use today?
Fractional Reserve
No Reserve
Reserve
Capitalism
3
On average, what percentage of your money when deposited into a bank, stays at that bank?
10%
7%
15%
20%
4
What is the place where stocks are publicly traded called?
Stock exchange
Stock building
Stock market
5
What are the two largest stock exchanges in the world?
London Stock Exchange, New York Stock Exchange
New York Stock Exchange, Japanese Stock Exchange
London Stock Exchange, Hong Kong Stock Exchange
New York Stock Exchange, NASDAQ
6
True or False: A stockholder is a part owner of the company
False
True
7
What is the primary risk associated with buying stock in company?
Firm Specific Risk
There is no risk
Economic Risk
Market Risk
8
Where are the two major stock exchanges in the US?
Los Angeles
Miami
Chicago
New York
9
What is the total amount of money a company brings in every year called?
Profit
Gross Profit
Income
Revenue
10
What are the two main concepts of Insurance?
Moral Hazard, Return
Risk, Adverse Selection
Risk, Return
Adverse Selection, Moral Hazard
11
What are "bad" loans in the banking industry called?
Sub-par
Subprime
Below-par
Shitty
12
What is the risk associated with the entire economy?
Market Risk
Economic Risk
Firm-specific Risk
Risk
13
What is the term to describe the price of a share of stock when the stock market opens each day
Close
Bid
Ask
Open
14
What is diversification?
Buying many different kinds of stocks
Investing in one stock
Borrowing money
15
What are the two ways companies can raise money?
Debt, Stock
Debt, Printing money
Debt, winning the lottery
Stock, Printing money
16
Does our government spend more or less than it takes in from taxes?
More
Less
17
What is a Stock Exchange?
A place where people physically go to trade stocks
A place where stock in private companies is traded
A place where people trade stocks in exchange for gold
The only place where stocks can be traded
18
Is there more than one stock market?
No
Yes
19
What are the three main ways banks make money today?
investments, advertisements, consumer loans
fees, mortgages, investments
fees, consumer loans, lending to other banks
consumer loans, foreclosures, lending to other banks
20
What are the three main ways the government "makes" money
Income Taxes, Payroll Taxes, Gas Taxes
Cigarette Taxes, Income Taxes, Tariffs
Income Taxes, Corporate Income Taxes, Luxury Taxes
Income Taxes, Corporate Income Taxes, Payroll Taxes
21
Who has the ability to set interest rates?
The President
Wall Street
Congress
The Federal Reserve
22
What is the total value of the stock market?
$70 Trillion
$100 Trillion
$50 Trillion
$30 Trillion
23
Is debt bad?
No
Yes
It depends
24
What does "Share price" mean in the stock market?
The price of a share of stock in a public company at anytime
The money Facebook pays when you share something
The price of a share of stock in a private company
The price for a piece of gold
25
Is Apple public?
Yes
No
26
Are private companies traded in the stock market?
No
Yes
27
In which country are most stocks traded?
UK
USA
China
Russia
28
What are the three biggest things the government spends money on?
Energy, Military, Social Security
Medicare, Energy, Military
Military, Social Security, Medicare
Transportation, Military, Medicare
29
What are the components of the GDP equation?
Consumption, Investment, Government Purchases, Net Exports
Investment, Consumer Taxes, Satisfaction, War
Consumption, Taxes, Satisfaction, Net Exports
Consumption, Investment, Satisfaction, Net Exports
30
What is a Bond?
A share of ownership in a company
A relationship between a company and its employees
A sexy british guy
A certificate of indebtness
31
Which of these groups invests the most in the stock market?
Companies
Governments
Individuals
