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Banking and Finance Quiz 1

Ques 1: Which is NOT one of the three major credit bureaus?

(a) Experian

(b) Fair Issac Co (FICO)

(c) Transunion

(d) Equifax

Answer: Option(B): Fair Issac Co (FICO)

Feedback

FICO is not a credit bureau.

Ques 2: What does the term CD stand for?


(a) certificate of deposit

(b) certificate of debt

(c) conveyance of debt

(d) conveyance of deposit
Answer: Option(A): certificate of deposit

Feedback

A CD is a certificate of deposit.

Ques 3: What is the title of the head of the Federal Reserve?


(a) chairman

(b) director

(c) CEO

(d) president
Answer: Option(A): chairman

Feedback

The head of the Fed is the chairman.

Ques 4: Which would NOT be a typical reason why someone would get a loan from a bank?


(a) to refinance a credit card

(b) to buy a house

(c) to start a business

(d) to buy a car
Answer: Option(A): to refinance a credit card

Feedback

Credit card refinancing is not typically something a bank loans money for.

Ques 5: About half of stocks lose money in any given year.


(a) TRUE

(b) FALSE
Answer: Option( A): TRUE

Feedback

About half of stocks lose money each year according to recent research.

Ques 6: What is the term for money an investor receives from a bond issuer at maturity?


(a) price

(b) yield

(c) par value

(d) coupon
Answer: Option(C): par value

Feedback

Par is the term for face value of bond received at maturity.

Ques 7: ETF expenses ratios are commonly in what range?


(a) 0.5-1.5%

(b) 1-2%

(c) 0.1-0.2%

(d) 1.5-2.5%
Answer: Option(C): 0.1-0.2%

Feedback

Expense ratios are in the 0.1-0.2 range.

Ques 8: Which describes a company that invests in a pool of stocks they think will rise in value compared to the market on behalf of an investor?


(a) ETF

(b) mutual fund

(c) none of these answers

(d) index
Answer: Option(B): mutual fund
Ques 9: Discount brokers are more likely to offer additional research services to investors than full-service brokers.
(a) TRUE

(b) FALSE

Answer: Option(B): FALSE

Feedback

Discount brokers offer fewer services than full-service brokers.

Ques 10: Which is NOT a direct factor in the basic formula for determining the value of a stock?


(a) required rate of return

(b) growth rate

(c) revenue

(d) dividend
Answer: Option(C): revenue

Feedback

Revenue is not a variable that goes directly into the basic DDM formula.


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