Question 2. Which of the following is not a major factor in determining where money should be put to work?

F. Safety

G. Liquidity

H. Return on savings

I. Simplicity/minimum balance requirements

J. All are relevant factors

Question 3. Which of the following types of investments are not insured by FDIC?

K. Passbook savings

L. Certificates of deposit

M. Checking accounts

N. Money market mutual funds

O. None of the above are insured

Question 4. The equation to determine the equivalent fully-taxable yield, ignoring state and local taxes, is:

P. Tax exempt yield / (1 average federal tax rate)

Q. Tax exempt yield / (1 marginal federal tax rate)

R. Tax exempt yield / (1 + average federal tax rate)

S. Tax exempt yield / (1 + marginal federal tax rate)

T. None of the above

Question 5. By using credit wisely, you minimize the drain on:

U. Securities

V. Liquid assets

W. Living conditions

X. Fixed assets

Y. All of the above