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 strength of economic growth in the United States is reported as changes in the:

The Gross Domestic Product (GDP).
The National Association of Securities Dealers Index (NASDAQ).
The Dow Jones Industrial Average (DJIA).
The Wealth Index of Investments and Inflation (WIII).

The number of stocks that make up the Dow Jones Industrial Average is:

5,000.
500.
30.
10.

Variable life insurance:

Offers tax deferral.
May provide higher return potential and greater risk than a whole life policy.
Allows you to invest a portion of the premium in various subaccounts.
All of the above.

Junk bonds:

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

Determining total return typically utilizes the:

Inflation-adjusted annual performance of all mutual-funds.
Annual capital gain plus dividend payout of a stock or fund.
Math skills learned in college-level calculus courses.
Dividend yield on the Dow Jones Industrial Average.

If you call your broker to purchase a "round lot" you are:

Buying a mutual fund of 100 different stocks.
Authorizing him/her to decide how many shares to buy.
Negotiating commissions on future purchases and sales.
Purchasing 100 shares of a specific stock.

Credit cards:

Are a cost effective way of financing investment purchases.
Have interest payments that are not tax deductible.
Typically have lower interest rates than home equity loans.
Often have 3 month grace periods on new purchases.

The highest denomination of U.S. currency is:

The $20 bill
The $100 bill
The $1,000 bill
The $100,000 bill

 
   
   
Global Wealth Strategies, LLC
215 S. Dobson Road, Suite#4 (opp. Chandler Regional Hospital) Chandler, AZ 85224
Phone: 480 221-6502 Fax: 480 302-7954
Amrish.Patel@securitiesamerica.com

Securities offered through Securities America Inc., Member FINRA/SIPC, Amrish N. Patel, Registered Representative.

Advisory Services offered through Securities America Advisors, Inc., An SEC Registered Investment Advisory firm, Amrish N. Patel, Investment Advisor Representative. Global Wealth Strategies and Securities America are unaffiliated.

Securities licensed in: AZ, CA, FL, GA, MD, MO, NJ, NM, NC, OH, PA, TX, VA Insurance licensed in: AZ, CA, FL, GA, NJ, NM, PA, VA Advisory licensed in: AZ, TX