Wednesday 1 August 2012

Understanding what,where,why,when,and how for your Personal Financial Plan.

Question 1: Overall, which of the following is the best source of investment advice?
The first result returned by search engines while searching for stock tips
An anonymous email
The financial section of the New York Times
A discussion between financial advisers that you overheard while at your bank

Question 2: Which type of brokerage firms will likely provide the lowest cost of buying, selling and owning shares of a public company?
A small brokerage firm for high worth investors
A full service brokerage firm
A discount brokerage firm

Question 3: If you bought shares in a mutual fund through a full service broker and the mutual fund lost 40% of its value, who will support the loss?
You, as the owner of the mutual fund shares
The mutual funds company, as the decision maker of its investments
The full service broker, as the company that recommended the mutual funds purchase
FDIC, as the insurer of the full service broker

Question 4: In which of the following situations will you be less likely to be asked your Social Security Number?
You apply for collection of social security benefits
You purchase a car with no financing
You apply for a job
You apply for a credit card

Question 5: If each of the following persons had the same amount of take home pay, who would need the greatest amount of life insurance?
John, a 30 years old man with no children
Dan, a single man with one young child
Mike, a retired man with two adult children
Mark, 50 years old single man with no children

Question 6: If your car was damaged in a flood, which type of automobile insurance would typically cover the damage to your car?
Universal
Term
Liability
Comprehensive

Press the Submit button to see the results.

Free personal finance quizzes provided by Money Quiz.

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