A) To manage personal bank accounts. B) To facilitate the buying and selling of securities. C) To provide financial advice only. D) To guarantee investment returns.
A) The proximity to your home. B) The brand of coffee they serve. C) Fees and commissions. D) The color of their logo.
A) A fee charged per trade. B) A fee for opening an account. C) A yearly membership fee. D) A fee for financial advice.
A) A house. B) A car. C) Groceries. D) Stocks.
A) Your home and car. B) Your investment gains. C) Against market losses. D) Cash and securities in your brokerage account.
A) Coffee brewing tutorials. B) Fortune telling and astrology charts. C) Market analysis and stock screeners. D) Reality television show reviews.
A) A human financial advisor. B) A financial newspaper. C) A robot that trades stocks directly. D) An automated investment platform.
A) Ease of use for trading and account management. B) The complexity to impress others. C) The aesthetic appeal of the website. D) The length of their terms and conditions.
A) Savings account. B) Retirement account (e.g., IRA). C) Checking account. D) Debit card.
A) Assistance with account issues and trading questions. B) To offer free haircuts. C) To provide dating advice. D) To sell you unrelated products.
A) Ignoring fees and regulations. B) Thoroughly researching and comparing options. C) Blindly trusting recommendations. D) Only considering the cheapest option.
A) Mutual fund investing. B) Stock trading. C) Grocery delivery. D) Options trading.
A) An account with no fees ever. B) A free checking account. C) An account that allows borrowing money to invest. D) An account where your money is guaranteed to grow.
A) To guarantee quick profits. B) To avoid losing more money than you can afford. C) To impress your friends with your trading knowledge. D) Because it is fun to gamble.
A) Grocery list. B) Market order. C) Birthday card. D) Airline ticket.
A) Trading only during your birthday. B) Buying and selling securities within the same day. C) Trading only once per year. D) Trading only on weekends.
A) Investing all your money in one stock. B) Spreading investments across different asset classes. C) Keeping all your money in cash. D) Never investing at all.
A) A document detailing investment risks and objectives. B) A financial newspaper. C) A user manual for a car. D) A recipe book.
A) Financial Industry Regulatory Authority. B) Financial Investment Network Revenue Agency. C) Federal Insurance National Retirement Association. D) Federal Investigation of National Resources Administration.
A) Full-service brokers offer advice, discount brokers do not. B) Full-service brokers only trade in penny stocks. C) Full-service brokers are cheaper, discount brokers are expensive. D) Discount brokers guarantee profits.
A) Daily Rest Investment Program. B) Dividend Reinvestment Plan. C) Debt Reduction Incentive Package. D) Dividend Revenue Investment Project.
A) Choose the firm your neighbor uses. B) Select the one that sends the most junk mail. C) Review their fee structures, services and research tools. D) Pick the brokerage firm with the catchiest jingle.
A) What your favorite celebrity uses. B) The advice of someone with no investing experience. C) Your investment goals and experience level. D) The opinions of random people online.
A) Free money for signing up. B) Guaranteed profits. C) No risk of loss. D) Lower trading costs.
A) Electronic Transfer Fund. B) Equity Transfer Form. C) Easy Trading Format. D) Exchange Traded Fund.
A) To find the brokerage with the most negative reviews. B) Because all reviews are always accurate. C) To get insights into the user experience. D) Because reviews guarantee future performance.
A) Savings account. B) 401(k) or IRA. C) Checking account. D) Money market account (for short term savings).
A) Ignoring warning signs. B) Blind trust. C) Greed. D) Skepticism and research.
A) When the stock market crashes. B) When your investment needs change. C) Every day. D) Never, once you pick one you're stuck.
A) Retirement accounts have no investment options. B) Taxable accounts are only for the wealthy. C) There is no difference. D) Retirement accounts offer tax advantages. |