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5 Written questions

5 Matching questions

  1. Basic Organization of a Will
  2. defined benefit plans
  3. Individual Retirement Accounts (IRAs)
  4. Classifications of Common Stock
  5. attestation and witness clause
  1. a dates and validates the will with a signature before 2 or more witnesses, who also must sign the document
  2. b introductory statement
    payment of debt and taxes clause
    disposition of property clause
    appointment clause
    common disaster clause
    attestation and witness clause
  3. c program stipulating the pension benefits employees will obtain when they retire
    the pension benefit formula usually is based on the worker's salary level nearing retirement age and considers the employment years
  4. d Traditional IRA
    Roth IRA
    Education IRA
  5. e Blue-Chip stocks
    Growth stocks
    Income stocks
    Speculative stocks
    Cyclical stocks
    Defensive stocks
    Large-caps, mid-caps, and small caps

5 Multiple choice questions

  1. sales commissions charged to the investor when purchasing fund shares
  2. have a limited number of shares
    sell only the initial offering. subsequent trades are done in a secondary market, similar to the common stock market.
    purchase and selling price is determined by supply and demand
  3. buy property directly
    manage the property
    investors hope the real estate appreciates in value
  4. lack of portability
    company changes in the plan with little notice
    few plans adjust benefits for inflation
    some are unfunded plans that lack safety
  5. part of a family of retirement plans known as defined contribution plans.

5 True/False questions

  1. Asset Allocation Fundspool money from investors to buy stocks, bonds, and other investments

          

  2. Cyclical Stocksstock issued by companies whose sales and earnings growth have outpaced the market
    Often are newly formed, smaller companies

          

  3. Advantages of Mutual Fundsdiversification
    professional management
    minimal transaction costs
    liquidity
    flexibility
    service
    avoidance of bad brokers

          

  4. Balanced mutual fundstry to balance objectives of long-term growth, income, and stability of the capital invested.
    invest in common stock, preferred stock, and bonds
    less volatile than stock funds

          

  5. Joint ownershipstenancy by the entirety (married couples)
    joint tenancy with the right of survivorship
    tenancy in common
    community property