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Federal Reserve Quiz


Part Two

Personal Financial Literacy Quiz:

14. Which of the following best describes the primary sources of income for most people age 20-35?

    a.) Dividends and interest.
    b.) Salaries, wages, tips. Only the most financially savvy among us can lay claim to the other answers. But the chances that a young person in that age range begins a business have increased over the last decade and this could be a distinct possibility. Dividends and interest would not be as likely unless they are very conservative in their investment strategy. They should be more aggressive with their investments, looking for a healthy mix of growth stocks as opposed to much more conservative investments that generate dividends and interest. If they are already landlords, congratulate them on their entrepreneurial skills.
    c.) Profits from business.
    d.) Rents.

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Previous Commentary available here


Retirement Planning for the Utterly Confused Investing for the Utterly Confused by Paul Petillo

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