Can You Pass The Finance Vocabulary Quiz? Trivia

35 Questions | Total Attempts: 42

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Can You Pass The Finance Vocabulary Quiz? Trivia

Can you pass the finance vocabulary quiz? There are a lot of words used in finance class that most people tend to forget what they mean and their meaning most times explains how they will be treated in financial statement. Do you know the difference between the put and call option and what they are? Take the quiz and get a chance to refresh your memory. All the best!


Questions and Answers
  • 1. 
    Golden opportunity
    • A. 

      When you go bankrupt

    • B. 

      You have unseccessful time

    • C. 

      It's a favourable time or excellent opportunity

    • D. 

      You need money

  • 2. 
    Done and dusted
    • A. 

      Time is lost

    • B. 

      Completely finished or ready

    • C. 

      Difficult situation

    • D. 

      To depend on one plan or source of income

  • 3. 
    Rushed off your feet.
    • A. 

      Successful start

    • B. 

      Dishonest and unethical

    • C. 

      To be involved in many activities

    • D. 

      Be extremely busy

  • 4. 
    Work your fingers to the bone.
    • A. 

      To become involved in all aspects of work

    • B. 

      Get a generous reward

    • C. 

      Deceptive commercial practice

    • D. 

      To work very hard

  • 5. 
    Drastic times call for drastic measures.
    • A. 

      Taking serious actions when times are bad

    • B. 

      Completely finished and ready

    • C. 

      Delay with a decision

    • D. 

      A successful start

  • 6. 
    Get something off the ground.
    • A. 

      To be come involved in all aspects of work

    • B. 

      Know how to do the activity correctly

    • C. 

      Putting into operation after having organized it

    • D. 

      Make your own decisions

  • 7. 
    Lame duck
    • A. 

      Successful person

    • B. 

      A person who is unable to do or manage something without help

    • C. 

      Crazy person

    • D. 

      Weak person

  • 8. 
    Let me bounce this off you
    • A. 

      Test an idea or a plan by sharing with another person on order to get advice or a feedback

    • B. 

      Accuse someone of giving money to someone in order to gain an unfair advantage

    • C. 

      Try to survive by staying out of debt

    • D. 

      To go out of business

  • 9. 
    Accounts receivable:
    • A. 

      Money owed to a company for goods and services it has sold

    • B. 

      Money owed by a company for goods and services purchased

  • 10. 
    Debenture
    • A. 

      Interest accumulated

    • B. 

      A certificate of indebtedness

    • C. 

      A contract usually sold by life insurance companies

    • D. 

      The percentage distribution of assets

  • 11. 
    Auction market
    • A. 

      A market at which securities are bought and sold by brokers acting as agents

    • B. 

      A market in which securities are bought and sold over-the counter

  • 12. 
    Common stock
    • A. 

      Has a right to receive dividends and not entitled to vote

    • B. 

      Has a right to vote and not entitled to dividends

    • C. 

      Has a right to vote and is entitled to dividends after preferred stock (if dividends are declared)

  • 13. 
    Preferred stock
    • A. 

      Shares that are entitled to a fixed dividend ahead of the company’s common shares.

    • B. 

      Has a right to vote

  • 14. 
    NAVPS-
    • A. 

      Represents the liability for the company

    • B. 

      Represents the asset for the company

    • C. 

      The percentage distribution of assets in a portfolio

    • D. 

      Represents the market value of the fund’s share and is calculated as total assets minus its liabilities.

  • 15. 
    Bear market
    • A. 

      A sustained decline in equity prices.

    • B. 

      A general and prolonged rising trend in security prices.

  • 16. 
    Beta-
    • A. 

      An investment approach that seeks out undervalued companies.

    • B. 

      One who expects that the market generally or the market price of a particular security will rise.

    • C. 

      A measure of the sensitivity of a stock or a mutual fund to movements in the overall stock market.

    • D. 

      One who expects that the market generally, or the market price of a particular security will decline.

  • 17. 
    Bottom-up investment approach.
    • A. 

      General trends in the economy are analyzed

    • B. 

      An investment approach that seeks out undervalued companies.

    • C. 

      An active, leading, nationally known.

    • D. 

      A type of fundamental analysis.

  • 18. 
    Call option
    • A. 

      A right to sell specified number of shares

    • B. 

      A right to buy specified number of shares

  • 19. 
    Put option
    • A. 

      A right to buy specified number of shares

    • B. 

      A right to sell specified number of shares

  • 20. 
    Capital Loss
    • A. 

      Selling a security for less than its purchase price.

    • B. 

      Selling security for more than you purchase it for.

    • C. 

      Can be applied toward your income

  • 21. 
    Secondary market
    • A. 

      The market where securities are traded through an exchange or over-the counter. The proceeds from trades in a secondary Market go to the selling dealers and investors

    • B. 

      The market for new issues of securities. The proceeds of the sale of securities in primary market go directly to the company issuing the securities.

  • 22. 
    An example of commodity will be:
    • A. 

      Government bond

    • B. 

      Company's stock

    • C. 

      T-bill

    • D. 

      Canola or wheat

  • 23. 
    CPI-
    • A. 

      Measures the volatility of the market

    • B. 

      Measures the cost of living

    • C. 

      Measures the performance of the portfolio

    • D. 

      Measures the market's fluctuation

  • 24. 
    Contribution in Kind.
    • A. 

      Transferring securities into an RRSP

    • B. 

      An asset is transferred there is a deemed disposition

    • C. 

      Taxes will not be paid

    • D. 

      Any capital losses that result can be claimed

  • 25. 
    Default risk
    • A. 

      Selling securities

    • B. 

      Default risk applies to equity securities

    • C. 

      The risk that a debt security issuer will be unable to pay interest on the prescribed date or the principal at maturity. Applies only to debt securities

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