| 1.
If an investment averages a 10% annual return, your money
will double in about how many years?
|
2.
The most important factor in building a retirement
fund is diversification of investments.
|
3.
In investing, it's wiser to put your money in an absolutely
safe investment rather then risk losing anything.
|
4.
Loading up on your employer's stock in your 401 (k) plan is
a smart investment.
|
5.
Life insurance is more important then disability insurance.
|
6.
Municipal bonds are not a smart investment choice for:
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7.
Dollar cost averaging is a technique for buying stocks on
the Internet.
|
8.
You may have to pay income taxes on your mutual funds even
if you don't sell them.
|
9.
Holding property jointly with right of survivorship means
that if you die, the other owner automatically gets the property,
no matter what your will says.
|
| 10.
A Roth IRA is different from regular IRA in that:
A) contributions
are not deductible
B) withdrawals
after five years are not taxable once you're 59 1/2
C) both
A and B |
| 11.
In a divorce one spouse gets the $100,000 bank account, and
the other gets stock portfolio worth $100,000. This means:
A) They're
getting equal value.
B) The
one getting the bank account is getting more.
C) The
one getting the stocks is getting more. |
| 12.
Net worth refers to: A)
everything
you own minus everything you owe
B) the
total of your investment accounts plus your pension plan
accounts
C) the
amount of cash you could convert your assets to in an emergency |
13.
Refinancing your home mortgage should be done whenever current
rates are two points lower then your existing mortgage rate.
|
14.
If you need money to purchase your first home, you can withdraw
up to $10,000 tax-free from IRA.
|
15.
If you can't pay the income tax you owe, there's no point
in filling a tax return.
|
16.
The life insurance that is pure insurance with no investment
feature is called:
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17.
Drawing up a will is vital once you reach age 40.
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