TEST BANK FUNDAMENTALS OF INVESTING
ACTUAL EXAM SCRIPT 2026 FULL QUESTIONS
AND CORRECT ANSWERS ALREADY PASSED
◉ ATM. Answer: electronic banking outlet, which allows customers to
complete basic transactions without the aid of a branch representative or
teller
◉ Bank. Answer: an institution that handles savings and checking
accounts, issues loans and credits, and deals in government and
corporate issued securities
◉ bonds. Answer: Certificates of debt that carry a promise to buy back
the bonds at a higher price
◉ bounced checks. Answer: A check that a bank returns because it is not
payable due to insufficient funds - also called rubber check.
◉ checking account. Answer: a transaction deposit account at a financial
institute that allows consumers to make deposits and withdrawals.it can
be withdrawn using checks, atms, and electronic debits
◉ check endorsement types. Answer: blank, restrictive and special
, ◉ CD's. Answer: Certificate of Deposit. a type of investment that
requires you to invest money for a certain length of time and guarantees
the same rate of return for that entire time. CD's usually require a
minimum deposit.
◉ compounding interest. Answer: when money is earned on the total
amount in the account including the initial deposit and interest that has
already been credited to the account
◉ crediting account. Answer: the act of entering an amount on the right
side of an account
◉ debit card. Answer: A bank card that automatically deducts the
amount of a purchase from the checking account of the cardholder
◉ diversification. Answer: company growth through starting up or
acquiring businesses outside the company's current products and markets
◉ future value. Answer: the amount of money in the future that an
amount of money today will yield, given prevailing interest rates
◉ investing. Answer: purchase of assets with the goal of increasing
future income
ACTUAL EXAM SCRIPT 2026 FULL QUESTIONS
AND CORRECT ANSWERS ALREADY PASSED
◉ ATM. Answer: electronic banking outlet, which allows customers to
complete basic transactions without the aid of a branch representative or
teller
◉ Bank. Answer: an institution that handles savings and checking
accounts, issues loans and credits, and deals in government and
corporate issued securities
◉ bonds. Answer: Certificates of debt that carry a promise to buy back
the bonds at a higher price
◉ bounced checks. Answer: A check that a bank returns because it is not
payable due to insufficient funds - also called rubber check.
◉ checking account. Answer: a transaction deposit account at a financial
institute that allows consumers to make deposits and withdrawals.it can
be withdrawn using checks, atms, and electronic debits
◉ check endorsement types. Answer: blank, restrictive and special
, ◉ CD's. Answer: Certificate of Deposit. a type of investment that
requires you to invest money for a certain length of time and guarantees
the same rate of return for that entire time. CD's usually require a
minimum deposit.
◉ compounding interest. Answer: when money is earned on the total
amount in the account including the initial deposit and interest that has
already been credited to the account
◉ crediting account. Answer: the act of entering an amount on the right
side of an account
◉ debit card. Answer: A bank card that automatically deducts the
amount of a purchase from the checking account of the cardholder
◉ diversification. Answer: company growth through starting up or
acquiring businesses outside the company's current products and markets
◉ future value. Answer: the amount of money in the future that an
amount of money today will yield, given prevailing interest rates
◉ investing. Answer: purchase of assets with the goal of increasing
future income
