Banking & Investing EPF Flashcard Fall 2024

Flashcard
•
Social Studies
•
11th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
A mutual fund is
Back
An investment in a diversified group of stocks
2.
FLASHCARD QUESTION
Front
Don't put all your eggs in one basket best refers to which of the following pieces of advice: Diversify your stock portfolio in order to reduce risk, Invest in a single stock for the largest gain, Take out as many loans as you can, Don't hesitate when buying stocks
Back
Diversify your stock portfolio in order to reduce risk
3.
FLASHCARD QUESTION
Front
Which would be considered the highest risk investment type? Options: Stock, Mutual Fund, Bond, Money Market Account
Back
Stock
4.
FLASHCARD QUESTION
Front
Diversification is important in investing because…
Back
It helps you to balance your risk across different types of investments.
5.
FLASHCARD QUESTION
Front
Bank deposits are insured by to $250,000 by which agency?
Back
Federal Deposit Insurance Corporation
6.
FLASHCARD QUESTION
Front
What is the first set of numbers at the bottom of the check called? (789123456)
Back
Routing & Transit Number
7.
FLASHCARD QUESTION
Front
Signing the back of a check made payable to you is called?
Back
Endorsement
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