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.
     


Mortgage payments:

Can be completely deducted from income for tax purposes.
Vary from month to month on a fixed rate loan.
Represent high principal payments early in the term of the loan.
Are typically tax deductible to the extent that they represent payment of interest.

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.

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

5,000.
500.
30.
10.

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.

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.

For most Americans, taxes are due on:

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

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

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

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.

 
   
   
Central States Financial Group
545 METRO PLACE SOUTH SUITE 175 DUBLIN, OH 43017
Phone: 614-792-1463 Fax: 614-792-3052
www.centralstatesfinancialgroup.metlife.com cdotson1@metlife.com

Metropolitan Life Insurance Company (MLIC). Securities products offered by MetLife Securities, Inc. (MSI) Member FINRA/SIPC.
MLIC and MSI are affiliates, both of 200 Park Avenue, New York, NY 10166.
Investment advisory services offered by Investment Adviser Representatives of MetLife Securities, Inc., a  Registered Investment Adviser.
Automobile and homeowners insurance issued by Metropolitan Property and Casualty Insurance Company and its affiliates, Warwick, RI (may not be available in all states). Met P&C and MSI are affiliates.
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