General Principles Flashcards
1
Q
Which of the following investment products is federally insured?
A. Bonds
B. Variable Annuities
C. Time Deposits
D. Treasury Bills
A
C. Time Deposits
D is wrong because treasury bills are “Guaranteed” not insured
2
Q
When does the Business Cycle Peak?
A
When business activity ages
A. k. a. The public stops buying because they have enough of everything they need
3
Q
Which of the following payments qualify as an alimony payment to a spouse if made pursuant to a divorce decree before December 31st, 2018?
A
Cash deposited into the ex-spouse’s IRA qualifies as alimony
