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Question 1

If you had a savings account at a bank, which of the following would be correct concerning the interest that you would earn on this account?

Options :

A : Sales tax may be charged on the interest that you earn

B : You cannot earn interest until you pass your 18th birthday

C : Earnings from savings account interest may not be taxed

D : Income tax may be charged on the interest if your income is high enough

Answer: D

Question 2

Which of the following is the characteristic of a cyclic stock?

Options :

A : Their value is tied with the overall state of national economy

B : They are low priced, speculative and risky securities

C : They have stable earning and no extensive liabilities

D : They have irregular earning and extensive liabilities too

Answer: A

Question 3

In which of the following markets do the investors cannot short sell?

Options :

A : Target market

B : Historic market

C :

Regular market

D : Regular market

Answer: D

Question 4

Financial plans that are more than five years off are called?

Options :

A : Opportunity plans

B : Long-term goals

C : Intermediate goals

D : Attainable goals

Answer: B

Question 5

Which of the following orders are placed prior to the execution of trade?

Options :

A : Market and stop orders

B : Market and limit orders

C : Stop and limit orders

D : Stop and mitigate orders

Answer: A