Banking and Finance : Finance Quiz

Which of the following is a reason to use a full-service investment firm instead of a discount investment firm?

• You can handle transactions on your own

• Quick and easy trades

• Years of experience and guidance

• Readily available for personal use

Which of the following cannot be covered by insurance?

• Fire damage

• Power outage

• Car accident

• Lost items

What helps you have higher approval rates for loans and credit cards?

• Poor credit

• Good credit

• No credit

Which of the following affects how the stock market behaves?

• Investment portfolio performance

• Interest rates

• Supply and demand

• Personal financial gain

What can affect whether banks or other financial institutions are interested in offering an individual a loan?

• Financial knowledge

• Business credit

• Financial experience

• Personal credit

Your personal credit reflects:

• investments versus income

• debt versus investments

• income versus debt

• debt versus number of cards

What type of insurance policy allows the buyer to pay a set amount monthly to gain a steady stream of income?

• Business

• Health

• Life

• Annuity

Anna's house is old and needs quite a few repairs that she cannot afford out-of-pocket. What type of loan does she need?

• Business

• Auto

• Home equity

• Mortgage

Adam is not aware of the interest rate on his credit cards. He ends up paying much more for items than they are worth. He is using credit wisely.

• True

• False

What is an investment portfolio?

• A selection of varied stocks and bonds

• A selection of varied accounts

• A selection of varied instruments

• A selection of varied applications