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.
     


The net asset value (NAV) of a bond fund:

Cannot be determined.
Changes as interest rates change.
Is determined by the average coupon rates of the bonds in the fund.
Will not change as bonds in the fund are bought or sold.

Junk bonds:

Are bonds issued by junk yards.
Are sometimes called "high yield bonds."
Are less risky than government bonds.
Are not actually bonds.

The P/E ratio:

Is the same for all firms in a given industry.
Does not change over time.
Is typically higher for firms whose earnings are expected to grow rapidly.
Is the same as the dividend yield.

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.

Since the mid-1920s inflation in the United States has averaged:

About 3 percent.
About 7 percent.
About 10 percent.
About 12 percent

For most Americans, taxes are due on:

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

The financial pyramid implies that:

An investment near the top of the pyramid has a higher potential return, but also carries higher risk.
Egyptian pharoahs were astute investors.
Eating nutritious meals from the "food pyramid" will make you a better investor.
"Pyramid" or "Ponzi" schemes are good investments.

Dividends are taxed:

At the investor’s marginal income tax rate.
At a maximum rate of 15%.
Only when the stock is sold.
Dividends are never taxed.

 
   
   
Mangrove Financial Group, St. Petersburg, Florida
9887 4th Street N Suite 319 St. Petersburg, FL 33702
Phone: 727-374-2990
jmartin@mangrovefinancialgroup.com

Securities offered through G.A. Repple & Company.  A Registered Broker/Dealer and Investment Advisor, Member FINRA & SIPC.  101 Normandy Road Casselberry FL 32707, (407) 339-9090.

We are licensed to sell Insurance Products in: AL, AZ, CO, FL, GA, LA, MD, MS, NE, TX

We are registered to sell Securities in: AZ, CA, FL, MD, MS, NC, NE, SC, TN, WI 


 

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