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Pop Quiz from DailyWorth! Comments

  • By MP Dunleavey
  • August 17, 2010

pop_quizYour financial IQ is growing. We bet you'll ace this pop quiz!

  1. Deflation is...
    1. the opposite of inflation.
    2. when wages drop and so do prices.
    3. when prices keep rising, but wages can't keep up.
    4. when housing prices fall.

  2. Before you consider bankruptcy, you must...
    1. meet with a lawyer.
    2. understand that some debts will be erased, but not all.
    3. look into debt consolidation.
    4. all of the above.

  3. A 529 plan is a...
    1. tax-deferred account for post-secondary education.
    2. type of 401k plan, for non-profits.
    3. form for paying your taxes installments.
    4. none of the above.

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1) b; 2) d; 3) a


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