Question 1

QUESTION 1 of 10: Front end loads:

Accepted Answer

d) Are paid to the mutual fund company when you first purchase the fund

Question 2

QUESTION 2 of 10: You can tell a scam or fraud because:

Accepted Answer

b) It may tell you that you have won a lottery you never entered, or try to get you to tell your account and personal information

Question 3

QUESTION 3 of 10: FDIC is:

Accepted Answer

c) A government insurance program that will pay back account holders if the bank or lending institution fails

Question 4

QUESTION 4 of 10: A money market account:

Accepted Answer

c) Can have a minimum deposit requirement and variable interest, and generally pays a better interest rate than a savings account

Question 5

QUESTION 5 of 10: Financial goals help savings grow by:

Accepted Answer

b) Helping investors concentrate on the goal, instead of immediately spending money

Question 6

QUESTION 6 of 10: Money market refers to:

Accepted Answer

a) A collection of highly liquid short term investments

Question 7

QUESTION 7 of 10: True of False: Savings accounts generally offer a higher yield than money market accounts.

Accepted Answer

b) False

Question 8

QUESTION 8 of 10: Savings accounts at banks are protected by:

Accepted Answer

a) FDIC insurance

Question 9

QUESTION 9 of 10: True or False: All investments eventually increase in value if held long enough.

Accepted Answer

b) False

Question 10

QUESTION 10 of 10: Inflation is:

Accepted Answer

b) A number measured by the government that describes the changing prices of everyday goods.

VB Personal Finance Intro to Investing (Reading Quiz)

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