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Federal Reserve Quiz


Part Two

Personal Financial Literacy Quiz:

18. Don and Bill work together in the finance department of the same company and earn the same pay. Bill spends his free time taking work-related classes to improve his computer skills; while Don spends his free time socializing with friends and working out at a fitness center. After five years, what is likely to be true?

    a.) Don will make more because he is more social.
    b.) Don will make more because Bill is likely to be laid off.
    c.) Bill will make more money because he is more valuable to his company. Although this is the right answer, it may not necessarily be the correct answer. There is always the chance that Donıs social skills will influence far more people in his company that Billıs free-time dedication to improving himself. He may have started with less in the way of skills. The quality of education is only as good as the ability to put it into practice.
    d.) Don and Bill will continue to make the same money.

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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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