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Investment and Financial Literacy Quiz

#1

What does ROI stand for in investment?

Return on Investment
Explanation

Measure of profitability in relation to the amount invested.

#2

Which of the following is a type of investment?

Certificate of deposit (CD)
Explanation

Low-risk investment with fixed interest rates.

#3

What is a bear market?

A market with declining stock prices
Explanation

Period of sustained market decline.

#4

What is the purpose of a stop-loss order in investing?

To sell a stock when it reaches a certain price to limit losses
Explanation

Automated sell order to limit losses.

#5

What is the purpose of an emergency fund?

To cover unexpected expenses
Explanation

Financial safety net for unforeseen costs.

#6

What is diversification in investment?

Investing in multiple asset classes
Explanation

Spreading investments to reduce risk.

#7

What is the concept of 'buying on margin' in investing?

Buying stocks with borrowed money
Explanation

Using borrowed funds to invest in stocks.

#8

What is the purpose of a 401(k) retirement plan?

To save for retirement
Explanation

Tax-advantaged retirement savings account.

#9

What is the difference between a stock and a bond?

Stocks represent ownership, while bonds represent debt
Explanation

Stocks offer ownership in a company; bonds are loans to the issuer.

#10

What is the purpose of asset allocation in investment?

To minimize investment risk by spreading investments across different asset classes
Explanation

Strategy to balance risk and reward by diversifying investments.

#11

What is the 'time value of money'?

Money's potential to grow in value over time
Explanation

The principle that money available today is worth more than the same amount in the future.

#12

What is the rule of 72 in finance?

It calculates how long it takes for an investment to double at a given interest rate
Explanation

Simple formula to estimate the time required for an investment to double in value.

#13

What is the difference between a mutual fund and an ETF?

Mutual funds are actively managed, while ETFs are passively managed
Explanation

Mutual funds involve active management by a fund manager; ETFs track indexes passively.

#14

What is the concept of 'compounding' in finance?

Earning interest on interest
Explanation

Process of generating earnings from previous earnings.

#15

What is the 'efficient market hypothesis'?

The theory that markets are always perfectly efficient and reflect all available information
Explanation

Theory suggesting it's impossible to consistently outperform the market.

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