FIN CERT FINAL REVIEW SCRIPT 2026
TESTED QUESTIONS CORRECT RESPONSES
● A high school student has begun to investigate the field of finance as a
career choice. In deciding about the field, the student should focus on
which question first?
A: Will I find a balance between financial rewards and personal
satisfaction from work?
B: How many people do I know who work in this field?
C: Once I train for this area, how long before I will be
at the top of the field?
D: Are there people in this field who are dissatisfied
with their jobs?. Answer: A: Will I find a balance between financial
rewards and personal satisfaction from work?
● A type of electronic funds transfer (EFT) is:
A: A transaction made with a check
B: A deposit made with a bank teller
C: Not widely used by consumers
D: An ATM transaction. Answer: D: An ATM transaction
,● A company offers a defined-contribution pension plan which means
that upon retirement the employee will receive
A: one-half of the employee's last year's salary.
B: the total amount of money contributed plus investment
earnings.
C: an amount of money based only on the length of time
the employee worked for the company.
D: a specified amount of money based totally on the profit
earned by the company while the employee worked
there.. Answer: B: the total amount of money contributed plus
investment earnings.
● The interest earned on United States Series EE Savings Bonds is
A: exempt from state and local taxes.
B: paid in a lump sum at the time the face value on the bond is reached.
C: equal to the money paid to purchase it.. Answer: A: exempt from
state and local taxes.
● Buying a treasury bill (T-bill) is best for investors who are looking for
A: a place to invest between $100-$500.
, B: a secure, low risk investment.
C: a higher yield on their investment than corporate bonds offer.
D: an investment that matures in 10-30 years.. Answer: B: a secure, low,
risk investment.
● Using a brokerage firm, a qualified investor buys 1000 shares of a
common stock at $50 a share on 50% margin. This means that the
A: investor will pay only $5000 for the shares.
B: investor is buying 2000 shares.
C: brokerage firm is lending the investor 50% of the money.
D: brokerage firm will own 50% of the 1000 shares of stock that were
purchased.. Answer: C: brokerage firm is lending the investor 50% of
the money
● To determine the time value of depositing $100 in a savings account, a
person needs to know the interest rate and
A: her total income.
B: the rate of inflation.
C: whether the account is FDIC protected.
D: whether the bank offers overdraft protection.. Answer: B: the rate of
inflation.
TESTED QUESTIONS CORRECT RESPONSES
● A high school student has begun to investigate the field of finance as a
career choice. In deciding about the field, the student should focus on
which question first?
A: Will I find a balance between financial rewards and personal
satisfaction from work?
B: How many people do I know who work in this field?
C: Once I train for this area, how long before I will be
at the top of the field?
D: Are there people in this field who are dissatisfied
with their jobs?. Answer: A: Will I find a balance between financial
rewards and personal satisfaction from work?
● A type of electronic funds transfer (EFT) is:
A: A transaction made with a check
B: A deposit made with a bank teller
C: Not widely used by consumers
D: An ATM transaction. Answer: D: An ATM transaction
,● A company offers a defined-contribution pension plan which means
that upon retirement the employee will receive
A: one-half of the employee's last year's salary.
B: the total amount of money contributed plus investment
earnings.
C: an amount of money based only on the length of time
the employee worked for the company.
D: a specified amount of money based totally on the profit
earned by the company while the employee worked
there.. Answer: B: the total amount of money contributed plus
investment earnings.
● The interest earned on United States Series EE Savings Bonds is
A: exempt from state and local taxes.
B: paid in a lump sum at the time the face value on the bond is reached.
C: equal to the money paid to purchase it.. Answer: A: exempt from
state and local taxes.
● Buying a treasury bill (T-bill) is best for investors who are looking for
A: a place to invest between $100-$500.
, B: a secure, low risk investment.
C: a higher yield on their investment than corporate bonds offer.
D: an investment that matures in 10-30 years.. Answer: B: a secure, low,
risk investment.
● Using a brokerage firm, a qualified investor buys 1000 shares of a
common stock at $50 a share on 50% margin. This means that the
A: investor will pay only $5000 for the shares.
B: investor is buying 2000 shares.
C: brokerage firm is lending the investor 50% of the money.
D: brokerage firm will own 50% of the 1000 shares of stock that were
purchased.. Answer: C: brokerage firm is lending the investor 50% of
the money
● To determine the time value of depositing $100 in a savings account, a
person needs to know the interest rate and
A: her total income.
B: the rate of inflation.
C: whether the account is FDIC protected.
D: whether the bank offers overdraft protection.. Answer: B: the rate of
inflation.
