Financial IQ Test  
What is your financial IQ? Take this 8-question quiz to find out! If you don’t like the results, try again. You will be asked a different set of questions.
     


Investments in CDs:

Are riskier than investments in stocks.
Are inferior to investments in 8-tracks and vinyl records.
Are always tax deferred.
Are insured by the FDIC, but have generally underperformed stock investments over the long run.

The highest denomination of U.S. currency is:

The $20 bill
The $100 bill
The $1,000 bill
The $100,000 bill

If you call your broker to purchase a "round lot" you are:

Buying a mutual fund of 100 different stocks.
Authorizing him/her to decide how many shares to buy.
Negotiating commissions on future purchases and sales.
Purchasing 100 shares of a specific stock.

The total stock market (S&P 500) return during the 1990s was:

Predicted by most Wall Street analysts at the beginning of the decade.
Lower than the historical average
The highest of any decade in the 20th century.
Approximately the same as the total return during the 1970s.

For tax purposes, a capital gain is considered long term if the investment was held more than:

1 day.
1 month.
1 year.
10 years.

Beta is commonly used as a relative measure of risk. It measures:

Standard deviation of a stock’s price.
The expected total returns of a diversified portfolio.
The unsystematic risk component of an investment.
The risk of a security or portfolio relative to the overall market.

For most Americans, taxes are due on:

January 1.
April 1.
April 15.
December 31.

If a mutual fund manager increases his/her cash position, it can be said:

The manager is anticipating a bear market.
The manager is anticipating a bull market.
The manager is trying to reduce the fund’s taxable gains.
The manager is aggressive.

 
   
   
H. Beck, Inc.
113 Brandon Terrace • Albany, NY • 12203
Phone: 518-869-3516 518-631-2569 518-618-4225 • Fax: 518-869-3517
• sherweyer@moneyfoundation.org

Representatives offering securities and advisory services offered through H. Beck,Inc.  member FINRA, SIPC and a Registered Investment Advisor.
Orders are not accepted by fax or e-mail, by messages left with answering services or with unlicensed office personnel. The licensed representative reserves the right to decline any order. Orders are not accepted by the representative until acknowledged personally by the representative.
 

This communication is strictly intended for individuals residing in the states of AZ, FL, IL,WA, NY, TX and VA. No offers may be made or accepted from any resident outside the specific state(s) referenced.

 
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