1.)One way to decrease risk in an investment account is to:

Group of answer choices

diversify investments

increase bond holdings

increase stock holdings

buy closed-end mutual funds

2.) Which of the following are NOT itemized deductions?

Group of answer choices

mortgage interest and property taxes

medical expenses > 7.5% of Adjusted Gross Income

casualty losses and charitable contributions

state income taxes or state sales tax

all are itemized deductions

3.) The most commonly used statistic to quickly guage how one stock is valued compared to another is:

Group of answer choices

Price/Earnings ratio

Debt/Equity ratio

Current Ratio

Sales/Asset ratio

4.) The tax rate is lowest on:

Group of answer choices

earned income

capital gains held less than one year

capital gains held more than one year

dividends and long-term (>1yr) gains

5.) If you own a portfolio of bonds and the Federal Reserve raises interest rates to fight inflation, what happens to the value of your bonds?

Group of answer choices

they increase in value

they decrease in value

depends on maturity date

doesn't impact current holdings