Quiz: How Financially Savvy Are You?

1

Many savings programs are guaranteed by the federal government. Which of the following is not?
- a. A bond issued by one of the 50 states
- b. A U.S. Treasury bond
- c. A U.S. savings bond
- d. A certificate of deposit at the bank
2

If your credit card is stolen and the thief runs up debt of $1,000, but you notify the card issuer as soon as you discover it is missing, what is the maximum amount that you can be forced to pay?
- a. Nothing
- b. $50
- c. $500
- d. $1000
3

The strategy of investing in different kinds of assets to reduce risk is called:
- a. bi-polar investing
- b. dollar cost averaging
- c. diversification
4

The interest rate the Federal Reserve charges banks for short-term loans is the:
- a. discount rate
- b. prime rate
- c. periodic rate
5

When purchasing corporate bonds, investors:
- a. receive stock paying a fixed dividend
- b. earn tax-free interest income
- c. are making a loan to the company
6

A zero coupon bond would:
- a. not require a sales charge
- b. pay no interest until it matured
- c. be sold by the U.S. Treasury Department
7

You can invest in only one 529 college savings plan per child.
- a. True
- b. False
8

Can I own gold in my IRA?
- a. Yes
- b. No
9

The biggest advantage index funds have over actively managed funds is
- a. They don't have dumb managers dragging down results
- b. They don’t trade securities
- c. They usually have much lower operating expenses
- d. They track only the best indexes
10

What type of fund offers the prospect of tax-free earnings?
- a. Exchange-traded fund
- b. Municipal bond fund
- c. Utility fund

Post This Quiz

Rating

0 votes

Take this first to vote!

Remove from Favorites Add to Favorites

How Financially Savvy Are You?

Many savings programs are guaranteed by the federal government. Which of the following is not?

If your credit card is stolen and the thief runs up debt of $1,000, but you notify the card issuer as soon as you discover it is missing, what is the maximum amount that you can be forced to pay?

The strategy of investing in different kinds of assets to reduce risk is called:

The interest rate the Federal Reserve charges banks for short-term loans is the:

When purchasing corporate bonds, investors:

A zero coupon bond would:

You can invest in only one 529 college savings plan per child.

Can I own gold in my IRA?

The biggest advantage index funds have over actively managed funds is

What type of fund offers the prospect of tax-free earnings?

Post This Quiz

Rating

Tags

Popular Topics

Quizzes for My Page

Featured Quizzes