<form ACTION="http://www.money-quiz.com/ms/middle_school1.htm" METHOD="GET"> Question 1: Overall, which of the following is the best source of investment advice?<br/> <input TYPE="radio" NAME="The financial section of a major newspaper" VALUE="The first result returned by search engines while searching for stock tips">The first result returned by search engines while searching for stock tips<br/> <input TYPE="radio" NAME="The financial section of a major newspaper" VALUE="An anonymous email">An anonymous email<br/> <input TYPE="radio" NAME="The financial section of a major newspaper" VALUE="The financial section of a major newspaper">The financial section of a major newspaper<br/> <input TYPE="radio" NAME="The financial section of a major newspaper" VALUE="A discussion that you overheard">A discussion that you overheard<br/><br/> <input TYPE=hidden TYPE="radio" NAME="The financial section a major newspaper" VALUE="" checked> Question 2: If you bought shares in a mutual fund through an online broker and the mutual fund lost 10% of its value, who will support the loss?<br/> <input TYPE="radio" NAME="You, as the owner of the shares" VALUE="You, as the owner of the shares">You, as the owner of the shares<br/> <input TYPE="radio" NAME="You, as the owner of the shares" VALUE="The mutual funds company, as the decision maker of its investments">The mutual funds company, as the decision maker of its investments<br/> <input TYPE="radio" NAME="You, as the owner of the shares" VALUE="The online broker, as the company that recommended the mutual funds purchase">The full service broker, as the company that recommended the mutual funds purchase<br/> <input TYPE="radio" NAME="You, as the owner of the shares" VALUE="FDIC, as the insurer of the full service broker">FDIC, as the insurer of the full service broker<br/><br/> <input TYPE=hidden TYPE="radio" NAME="You, as the owner of the shares" VALUE="" checked> Question 3: Which of the following financial instruments is not typically associated with borrowing?<br/> <input TYPE="radio" NAME="debit cards" VALUE="credit cards">credit cards<br/> <input TYPE="radio" NAME="debit cards" VALUE="mortgages">mortgages<br/> <input TYPE="radio" NAME="debit cards" VALUE="debit cards">debit cards<br/> <input TYPE="radio" NAME="debit cards" VALUE="auto loans">auto loans<br/><br/> <input TYPE=hidden TYPE="radio" NAME="debit cards" VALUE="" checked> Question 4: Melissa and Andrew have both borrowed $12,500 from the same credit union to buy the same model of a new car. Melissa's credit score is 729 and Andrew's credit score is 541. Who is likely to pay a higher finance charge? <br/> <input TYPE="radio" NAME="Andrew" VALUE="They will pay the same because they used the same bank">They will pay the same because they used the same credit union<br/> <input TYPE="radio" NAME="Andrew" VALUE="Andrew">Andrew<br/> <input TYPE="radio" NAME="Andrew" VALUE="Melissa">Melissa<br/> <input TYPE="radio" NAME="Andrew" VALUE="They will pay the same because they bought the same car">They will pay the same because they bought the same car <br/><br/> <input TYPE=hidden TYPE="radio" NAME="Andrew" VALUE="" checked> Question 5: Mutual funds pool deposits from investors to purchase securities. Which of the following is true about mutual funds?<br/> <input TYPE="radio" NAME="Mutual funds are typically less safe than Certificates of Deposit" VALUE="Investors do not have to pay taxes on gains from mutual funds">Investors do not have to pay taxes on gains from mutual funds<br/> <input TYPE="radio" NAME="Mutual funds are typically less safe than Certificates of Deposit" VALUE="You can invest in mutual funds only when you pass your 18th birthday">You can invest in mutual funds only when you pass your 18th birthday<br/> <input TYPE="radio" NAME="Mutual funds are typically less safe than Certificates of Deposit" VALUE="Mutual funds are typically less safe than Certificates of Deposit">Mutual funds are typically less safe than Certificates of Deposit<br/> <input TYPE="radio" NAME="Mutual funds are typically less safe than Certficates of Deposit" VALUE="Mutual funds cannot be bought in retirement accounts">Mutual funds cannot be bought in retirement accounts<br/><br/> <input TYPE=hidden TYPE="radio" NAME="Mutual funds are typically less safe than Certificates of Deposit" VALUE="" checked> Question 6: Michael and Sharon have college education accounts for all of their three children. Which of the following accounts should have the most conservative holdings?<br/> <input TYPE="radio" NAME="account for Mike, who is 15" VALUE="account for Tom, who is 16">account for Tom, who is 16<br/> <input TYPE="radio" NAME="account for Mike, who is 15" VALUE="account for Mia, who is 11">account for Jenna, who is 11<br/> <input TYPE="radio" NAME="account for Mike, who is 15" VALUE="account for Eric, who is 8">account for Eric, who is 8<br/> <input TYPE="radio" NAME="account for Mike, who is 15" VALUE="all accounts should be equally conservative">all accounts should be equally conservative<br/><br/> <input TYPE=hidden TYPE="radio" NAME="account for Mike, who is 15" VALUE="" checked> Question 7: Jenna has financed her house with a fixed-rate mortgage. She also has a large sum of money in a savings account, public companies shares in brokerage account, and a certificate of deposit. Which of these assets protect her against a sudden inflation increase?<br/> <input TYPE="radio" NAME="House" VALUE="Savings account">Savings account<br/> <input TYPE="radio" NAME="House" VALUE="House">House<br/> <input TYPE="radio" NAME="House" VALUE="Certificate of deposit">Certificate of deposit<br/> <input TYPE="radio" NAME="House" VALUE="Company shares">Public companies shares<br/><br/> <input TYPE=hidden TYPE="radio" NAME="House" VALUE="" checked> Question 8: Retirement income paid by the US Federal government is named:<br/> <input TYPE="radio" NAME="Social Security" VALUE="Social Security">Social Security<br/> <input TYPE="radio" NAME="Social Security" VALUE="401k">401k<br/> <input TYPE="radio" NAME="Social Security" VALUE="Interest">Interest<br/> <input TYPE="radio" NAME="Social Security" VALUE="IRA">IRA<br/><br/> <input TYPE=hidden TYPE="radio" NAME="Social Security" VALUE="" checked> <b><i>Press the Submit button to see the results.</i></b><br/> <input TYPE="submit" NAME="Submit" VALUE="Submit" submit><input TYPE="reset" VALUE="Reset"> </form> <p ALIGN="center"><font face="arial" size="-2">Free </font> <font face="arial, helvetica" size="-2"><a href="http://www.money-quiz.com"> personal finance</a> quizzes provided by Money Quiz.</font></p>