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MONEYSCHOOL ADVANCED QUIZ

MONEYSCHOOL offers this quiz to help website visitors assess their own level of financial knowledge. The 20 questions in this quiz touch on topics that reflect a fairly sophisticated understanding of financial principles and awareness of current events in the financial world.

If you can answer at least 16 (80%) of the questions correctly, you are considerably more knowledgeable than most adults with substantial experience handling their own financial affairs. Once you complete your answers, click on the button at the end of the quiz to get your score, and to see the correct answers.

If you find that this quiz is too challenging for you, try our basic quiz.

1. When interest rates rise, the value of previously-issued bonds:





2. At present, the U.S. social security system collects more money each year than it pays out in benefits. What happens to the excess revenue?





3. Which of the following is likely to be the WORST investment during times of rising inflation:





4. Warren Buffett, widely regarded as the greatest investor of modern times, is the second richest man in the world behind Microsoft’s Bill Gates. In October 2006, the value of Class A shares in Buffett’s holding company, Berkshire Hathaway, Inc., passed a significant price threshold. What was that price per share?





5. In 2005, the percentage of overall personal income saved by U.S. households was:





6. Consumer spending represents approximately what percentage of U.S. Gross Domestic Product (GDP)?





7. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U. S. government that protects deposits in FDIC-insured banks against bank failure, up to certain amounts. What is the basic limit on FDIC-insured deposits, per depositor, per bank?





8. Which of the following European Union member states has not adopted the Euro as its currency?





9. At what age can money invested in a tax-deferred account, such as an IRA or a 401k, be withdrawn without a tax penalty?





10. Many U. S. stock indexes hit record highs in early 2000, and then fell dramatically before bottoming in 2002. Of the indexes listed below, which suffered the largest percentage loss after the 2000 peak?





11. Charles Ponzi is remembered for a multi-million dollar fraud he perpetrated in New England in 1921. Which type of scam is now known as a Ponzi Scheme?





12. Which of the following is sometimes called “the metal with a Ph.D. in economics” because of its record as an indicator of future economic activity?





13. How long must an asset be held to qualify for the long-term capital gains rate on any profit when it is sold:





14. Which of the following corporate executives was NOT convicted and sentenced to prison for securities fraud or insider trading.






15. Which of the following is NOT used in the TECHNICAL analysis of stocks:





16. Which of the following types of investment vehicles is the most lightly regulated by the U. S. government:





17. Which type of investment carries the greatest theoretical downside risk:





18. As of 2006, how much of the gain on the sale of a principal residence can a married couple receive free of federal capital gains tax, if they meet certain residency requirements:





19. Which of the following is NOT part of the mission of the U. S. Federal Reserve Board:





20. If a corporation is liquidated through bankruptcy, which group has the lowest priority in claiming the proceeds of the liquidation:
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