What is considered the "cost of debt"?
Interest rate
Anyone can have a Roth IRA. True or False
FALSE! - Need earned income
Which building is the Office of the President in?
Seibert
What Does "ETF" stand for?
exchange-traded funds
(5^2 * 3) - 1.4*2-1*3 = ?
69.2
What is considered a "very good" credit score (Experian)?
a) 730 b)775 c)799 d) both a&b e)both b&c
f) all of the the above
e
Name 1 difference from a SEP IRA and SIMPLE IRA
Employer vs employee contributions, amounts, size of company, ...
Who is the Wealthiest WMU Alumni?
Ronda Stryker - $8.1 Billion
Explain the "rule of 72"
The "Rule of 72" is a simple rule of thumb used to estimate the number of years it will take for an investment to double in value, given a fixed annual rate of return.
What is Canada's National animal?
The Beaver
What was the SOX Act?
Joe participates in an employer sponsored plan. He makes $65,000 and contributes 7% of his salary. His employer matched 100% of the first 3% and then 50% of the next 3%. How much is contributed to his plan this year?
$7,475
How old is President Montgomery? +/- 3years
68
Explain the difference with a call vs a put option.
Call Option: A call option gives the holder the right, but not the obligation, to buy a specific quantity of the underlying asset at a predetermined price (the strike price) within a specified time period (until expiration).
Put Option: A put option gives the holder the right, but not the obligation, to sell a specific quantity of the underlying asset at the strike price within a specified time period.
Which animal does NOT have more than 1 stomach.
a) cow b) alligators c) camels d) platypus
d
What is the role of a central bank in a country's economy?
Monetary Policy, Banking Regulation, Currency Issuance, Lender of Last Resort
What is the purpose of a Required Minimum Distribution (RMD) from retirement accounts, and when does it typically begin?
73. The Required Minimum Distribution (RMD) is the minimum amount that retirement account holders, such as those with traditional IRAs or 401(k)s, must withdraw from their accounts each year once they reach a certain age. The purpose of the RMD is to ensure that individuals withdraw at least a minimum amount from their retirement accounts and pay taxes on those distributions, as these accounts typically offer tax-deferred growth.
Which former First Lady of the US went to WMU?
Betty Ford
Can you explain the difference between active and passive investing strategies, and provide examples of each?
Active Investing:
Passive Investing:
Bobby, Peter, Greg were brothers in what early 70s sitcom?
The Brady Bunch
How many federal reserve banks are there? Name half of them.
About how much money does 1 need to retire?
Depends on the client!
Which of the following architects were involved in creating the first buildings at WMU?
1. E. W. Arnold
2. John C. Olmstead
a) Only 1
b) only 2
c) Both 1 and 2
d) Neither
c
What is the difference from the Sharpe Ratio and the Treynor Ratio?
Sharpe uses SD in the denominator while Treynor uses beta.
What year did the titanic since and about how many deaths were there. +/- 150
1912. 1,496 (1346-1646)