FHCE 3200 CORE EXAM TEST 2026 QUESTIONS AND
SOLUTIONS RATED A+
✔✔telemarketing fraud - ✔✔occurs when a product or service is misrepresented in an
unsolicited phone call, e-mail, or text message
-common line is " I am calling to inform you that you have won a free gift"
-no one ever gives away something for free
✔✔identity theft - ✔✔A crime that involves someone pretending to be another person in
order to steal money or obtain benefits
✔✔what does the FBI recommend for protection against identity theft - ✔✔1. never
throw away ATM receipts, credit cards, bank statements, always shred or destroy these
documents
2. never give your credit card number over the phone unless you made the call
3. never respond to a phishing scheme
4. obtain a copy of your credit report annually and report anything unusual right away
5. keep a list of all your credit cards, debit cards, and each account's contact information
somewhere secure
6. always reconcile your bank accounts monthly and report any problems to your bank
or creditor immediately
✔✔phishing scheme - ✔✔an unsolicited e-mail asking you to provide personal
information
✔✔bid price - ✔✔the highest price a buyer will pay to purchase a specified number of
shares of a stock at a specific time
✔✔ask price - ✔✔the lowest price at which a seller will sell a share of stock
✔✔stocks/ shares/ equity - ✔✔a piece of ownership in a company
publicly traded stocks can be bought in the stock market
✔✔stock exchanges - ✔✔are organized markets where buyer and sellers conduct stock
transactions
-for investors to buy and sell stock
, ✔✔earnings per share - ✔✔net profit/ total shares in the market
✔✔what does the total market value include - ✔✔both dividends and appreciation
✔✔growth stocks - ✔✔Stocks focused on stock price appreciation
✔✔income/value stocks - ✔✔stocks that pay out a large portion of earnings in dividends
✔✔growth and income stocks - ✔✔Stocks that provide shareholders a combination of
stock price appreciation and dividends
✔✔how to calculate cap rates - ✔✔share price x # shares outstanding
✔✔large cap - ✔✔10 billion or more
✔✔medium cap - ✔✔2-10 billion
✔✔small cap - ✔✔300 million to 2 billion
✔✔Brokerage account - ✔✔an account with an investment company - you deposit
money and then use it to buy stock.
✔✔full-service brokers - ✔✔provide advice before you buy and sell stocks
ex: Merrill Lynch and Edward Jones
✔✔online brokerage firms or discount brokers - ✔✔used by investors who do not need
or want advice
ex: Robinhood, TD Ameritrade, Fidelity, and E*Trade
✔✔stock exchange - ✔✔a place where buyers and sellers meet to trade stocks
New York Stock Exchange
NASDAQ
American Stock Exchange
✔✔bonds - ✔✔contractual loans to corporations and governments
✔✔advantages of bonds - ✔✔provide low-risk fixed income in the form of interest
payments
SOLUTIONS RATED A+
✔✔telemarketing fraud - ✔✔occurs when a product or service is misrepresented in an
unsolicited phone call, e-mail, or text message
-common line is " I am calling to inform you that you have won a free gift"
-no one ever gives away something for free
✔✔identity theft - ✔✔A crime that involves someone pretending to be another person in
order to steal money or obtain benefits
✔✔what does the FBI recommend for protection against identity theft - ✔✔1. never
throw away ATM receipts, credit cards, bank statements, always shred or destroy these
documents
2. never give your credit card number over the phone unless you made the call
3. never respond to a phishing scheme
4. obtain a copy of your credit report annually and report anything unusual right away
5. keep a list of all your credit cards, debit cards, and each account's contact information
somewhere secure
6. always reconcile your bank accounts monthly and report any problems to your bank
or creditor immediately
✔✔phishing scheme - ✔✔an unsolicited e-mail asking you to provide personal
information
✔✔bid price - ✔✔the highest price a buyer will pay to purchase a specified number of
shares of a stock at a specific time
✔✔ask price - ✔✔the lowest price at which a seller will sell a share of stock
✔✔stocks/ shares/ equity - ✔✔a piece of ownership in a company
publicly traded stocks can be bought in the stock market
✔✔stock exchanges - ✔✔are organized markets where buyer and sellers conduct stock
transactions
-for investors to buy and sell stock
, ✔✔earnings per share - ✔✔net profit/ total shares in the market
✔✔what does the total market value include - ✔✔both dividends and appreciation
✔✔growth stocks - ✔✔Stocks focused on stock price appreciation
✔✔income/value stocks - ✔✔stocks that pay out a large portion of earnings in dividends
✔✔growth and income stocks - ✔✔Stocks that provide shareholders a combination of
stock price appreciation and dividends
✔✔how to calculate cap rates - ✔✔share price x # shares outstanding
✔✔large cap - ✔✔10 billion or more
✔✔medium cap - ✔✔2-10 billion
✔✔small cap - ✔✔300 million to 2 billion
✔✔Brokerage account - ✔✔an account with an investment company - you deposit
money and then use it to buy stock.
✔✔full-service brokers - ✔✔provide advice before you buy and sell stocks
ex: Merrill Lynch and Edward Jones
✔✔online brokerage firms or discount brokers - ✔✔used by investors who do not need
or want advice
ex: Robinhood, TD Ameritrade, Fidelity, and E*Trade
✔✔stock exchange - ✔✔a place where buyers and sellers meet to trade stocks
New York Stock Exchange
NASDAQ
American Stock Exchange
✔✔bonds - ✔✔contractual loans to corporations and governments
✔✔advantages of bonds - ✔✔provide low-risk fixed income in the form of interest
payments
