New Hire Onboarding Quiz

1. Does a Roth IRA grow tax free or tax deferred?

Tax Free Tax Deferred

2. At what age can you withdraw $ from your 401(k)-retirement plan without a penalty?

59 1/2 62 65 67.7

3. When can you start taking social security?

59 1/2 62 65 67

4. Can you use a 529 college savings plan to pay for a portion of private high school?

Yes No

5. Which have longer maturity dates: treasury bills, treasury bonds or treasury notes?

Treasury Bills Treasury Bonds Treasury Notes

6. Are state issued municipal bonds exempt from Federal income taxes?

Yes No

7. What does ETF stand for?

8. What is more conservative: a Money Market or Bond mutual fund?

Money Market Bond Mutual Fund

9. What does C.D. stand for?

10. What is the primary difference between an actively managed mutual fund and a passively managed (index) mutual fund?

11. Which of the following best describes a company's Net Asset Value (NAV) in the context of a mutual fund?

a) The total profit the fund made last year. b) The current market price of a single share of the fund. c) The total value of the fund's assets minus its liabilities, per share. d) The initial price at which the fund was offered.

12. What kind of protection does SIPC (Securities Investor Protection Corporation) offer to investors?

13. How often are corporate earnings from stocks calculated?

Every month Every quarter Semi-annually Annually

14. Is there more $ invested in the stock market or bond market?

Stock Market Bond Market

15. Capital gains tax of 20% (long term) applies to investment gains that are sold after holding for how long?

More than 1 month More than 6 months More than 1 year More than 3 months

16. If the US dollar declined or became weaker, would international stocks (from the perspective of a US investor) likely go up in value?

Yes No

17. Are dividends associated with stocks or bond investments?

Stocks Bond Investments Both

18. Does the Dow Jones trade daily in points or dollars?

Points Dollars

19. Is the stock Meta/Facebook considered a technology stock or communication stock?

Technology Stock Communication Stock

20. The stock markets open and close in New York at:

9 AM - 3 PM EST 9:30 AM - 4 PM EST 9 AM - 5 PM EST 9 AM - 4 PM EST

21. What do P. and E. stand for in P/E ratio?

22. What does "market capitalization" (often shortened to "market cap") refer to when discussing a publicly traded company?

23. If interest rates in the economy generally rise, what is the likely impact on the price of existing bonds with fixed interest payments?

a) Bond prices will likely rise. b) Bond prices will likely fall. c) Bond prices will likely remain unchanged. d) The impact on bond prices is unrelated to interest rates.

24. What is the general difference between a "bull market" and a "bear market"?

25. Besides the Dow Jones Industrial Average (DJIA), name one other major U.S. stock market index.

26. What does GDP stand for?

27. Who is the chair of the FOMC or Federal Reserve?

28. What is the first or last name of Secretary of the US Treasury?

29. What is the current highest federal income tax bracket?

25% 34% 37% 39.5%

30. What does CPI stand for?

31. How does significant inflation typically affect the purchasing power of money that is held in cash or a very low-interest savings account?

a) It significantly increases purchasing power. b) It tends to decrease purchasing power over time. c) It has no effect on purchasing power. d) It makes cash more valuable than other assets.

32. If you opened an investment account with your girlfriend and you each deposited 50% into the account, can she liquidate the account and keep all the $ legally?

Yes No Depends on account titling

33. The current price of an ounce of gold is closest to:

$200 $1,800 $3,200 $4,300

34. Are you more likely to buy life insurance as a young married couple or retired couple?

Young Married Couple Retired Couple

35. What is the main purpose of diversification in an investment portfolio?

a) To guarantee the highest possible returns. b) To concentrate investments in a few top-performing assets. c) To help manage and reduce overall investment risk. d) To completely eliminate the possibility of losing money.

36. In the context of financial advice, what does it mean if an advisor has a "fiduciary duty" to their client?

37. Which of the following assets is generally considered the MOST liquid?

a) A piece of real estate. b) Shares of a highly traded public company stock. c) A rare collectible coin. d) Ownership in a private, family-owned business.

38. What does "FINRA" (Financial Industry Regulatory Authority) primarily oversee or regulate?

a) Federal government spending and budgeting. b) Broker-dealer firms and their registered representatives in the United States. c) The setting of official interest rates by the Federal Reserve. d) Consumer banking practices and mortgage lending.

39. What are 3 goals you have this Summer?

Goal 1: Goal 2: Goal 3: