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      Are YOU Finance Savvy? on QuizRevolution

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      Are YOU Finance Savvy?

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      Round
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      Are YOU Finance Savvy?
      Points for Question
      100
      My Score
      0
      Hi Score
      700
      Question by
      BuzzFun
      Investing in different kinds of assets to reduce risk is called:
      Wrong
       of players answered correctly.
      • Averaging

      • Diversification

      • Portfolio management

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      Comments:
      1. Investing in different kinds of assets to reduce risk is called:
        1. Averaging
        2. Diversification
        3. Portfolio management

        1. When investments are spread among various types of stocks, bonds, t-bills, etc. this is called a diversified portfolio.

      2. The North American Free Trade Agreement, NAFTA, includes:
        1. United States and Mexico
        2. United States, Mexico, and Canada
        3. United States, Mexico, Canada, and Chile
        4. US, Canada, and Puerto Rico
        1. NAFTA went into effect in 1994, providing free trade and investment between the U.S., Canada, and Mexico. Chile has expressed interest in joining NAFTA and will likely become the first South American member.
      3. The Balance Sheet equation is:
        1. Assets divided by Equity = Liabilities
        2. Assets plus Liabilities = Equity
        3. Assets = Liabilities plus Equity
        4. Equity = Profit minus Taxes
        5. Liabilities = Assets plus Equity
        1. Assets = Liabilities plus Equity is the correct balance sheet equation.
      4. A creditor is someone who ______.
        1. pays off people's loans
        2. is a good credit risk
        3. is owed money
        4. has reason to distrust a debtor
      5. Which financial statement shows the amount of sales?
        1. Balance Sheet
        2. Income Statement
        3. Statement of Retained Earnings
      6. NASDAQ is acronym for...?
        1. North American Share Dealers Association
        2. National Association of Securities Dealers
        3. Nat'l all-Stocks Dlrs Auto-Quotations
        4. Net Acquired Sec Dist App-Quotations
        1. National Association of Securities Dealers Automated Quotations is correct.
      7. All investment advisors are actually 'selling' a specific set of products.
        1. True
        2. False

        1. Quite often, leaders in financial planning, specialize in specific investment opportunities. Not always! Ask & research. Its possible to find advisors who do not engage in investment management, which removes any possible obligation to promote in-house products.

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