FLC EXAM / ACTUAL FLC FINAL EXAM 2025/2026
COMPLETE TEST 50 QUESTIONS AND CORRECT
DETAILED ANSWERS (CORRECT VERIFIED
SOLUTIONS) A NEW UPDATED VERSION
|GUARANTEED PASS A+
Which of the following transactions will REDUCE your
checking account balance immediately?
A. Writing your monthly rent check which you will mail
tomorrow
B. Using your debit card to pay for groceries at the supermarket
C. Using your credit card to pay for your school books
D. Depositing a check at a local bank branch
Answer- B. Using your debit card to pay for groceries at the
supermarket
FDIC Insurance is...
Answer- Protection for bank customers' deposits up to $250,000,
guaranteeing their money is still available if the bank goes out of
business
,How does investing in the stock market differ from putting
money in a savings account at a bank?
Answer- Investing allows you to accumulate wealth for
retirement while saving is best for short-term purchases or
emergencies
What kinds of behaviors can PREVENT people from making
smart investing decisions?
A. Staying calm when the market is experiencing a downturn
B. Buying stocks when prices are low and selling them when
they're high
C. Exiting the market because that's what everyone else is doing
D. Investing in a diversified portfolio instead of trying to beat
the market
Answer- C. Exiting the market because that's what everyone else
is doing
You bought 10 shares of stock in StreamingVideoCo for $45 per
share. Two months later you sold the 10 shares of stock for $80
per share. What was your profit or loss on StreamingVideoCo
, stock? (Assume that StreamingVideoCo didn't pay a dividend
and that you didn't incur any trading fees during that period.)
Answer- Profit of $350
Why is diversification a recommended investment strategy?
Answer- Diversifying your portfolio helps reduce risk
How can someone make money from investing in a stock?
Answer- They receive dividends or they sell the stock at a
higher price than what they bought it for
What is a brokerage account used for?
Answer- It's a type of account used to buy and sell stocks,
bonds, and funds
Which of the following is an effective strategy for personal
saving?
Answer- Save a certain percentage of each paycheck and deposit
it directly into a savings account
COMPLETE TEST 50 QUESTIONS AND CORRECT
DETAILED ANSWERS (CORRECT VERIFIED
SOLUTIONS) A NEW UPDATED VERSION
|GUARANTEED PASS A+
Which of the following transactions will REDUCE your
checking account balance immediately?
A. Writing your monthly rent check which you will mail
tomorrow
B. Using your debit card to pay for groceries at the supermarket
C. Using your credit card to pay for your school books
D. Depositing a check at a local bank branch
Answer- B. Using your debit card to pay for groceries at the
supermarket
FDIC Insurance is...
Answer- Protection for bank customers' deposits up to $250,000,
guaranteeing their money is still available if the bank goes out of
business
,How does investing in the stock market differ from putting
money in a savings account at a bank?
Answer- Investing allows you to accumulate wealth for
retirement while saving is best for short-term purchases or
emergencies
What kinds of behaviors can PREVENT people from making
smart investing decisions?
A. Staying calm when the market is experiencing a downturn
B. Buying stocks when prices are low and selling them when
they're high
C. Exiting the market because that's what everyone else is doing
D. Investing in a diversified portfolio instead of trying to beat
the market
Answer- C. Exiting the market because that's what everyone else
is doing
You bought 10 shares of stock in StreamingVideoCo for $45 per
share. Two months later you sold the 10 shares of stock for $80
per share. What was your profit or loss on StreamingVideoCo
, stock? (Assume that StreamingVideoCo didn't pay a dividend
and that you didn't incur any trading fees during that period.)
Answer- Profit of $350
Why is diversification a recommended investment strategy?
Answer- Diversifying your portfolio helps reduce risk
How can someone make money from investing in a stock?
Answer- They receive dividends or they sell the stock at a
higher price than what they bought it for
What is a brokerage account used for?
Answer- It's a type of account used to buy and sell stocks,
bonds, and funds
Which of the following is an effective strategy for personal
saving?
Answer- Save a certain percentage of each paycheck and deposit
it directly into a savings account
