The four questions below are a challenge and an effort to allow you to assess your knowledge of current financial economic conditions.  If you have been following our news stream, this quiz draws on familiar ground.  The answers are below, along with additional resources and documentation related to the answers.

 

The Federal Reserve

a. meets monthly
b. Chair is Ben Bernanke
c. is not part of the U.S. Government
d. all of the above
e. none of the above

 

The U.S. national debt

a. is about as large as the total U.S. gross domestic product (GDP)
b. is projected to double as a percentage of annual GDP in 2053
c. is a risk the U.S. could manage by increasing taxes
d. all of the above
e. none of the above

 

Under existing Federal law, the estate tax exemption:

a. will be slashed from $12.92 million to $6.2 million after 2025
b. reverts to the exemption amount allowed in 2016
c. sunsets rules in the 2017 Tax Cuts & Jobs Act
d. all of the above
e. none of the above

 

What’s true?

a. Jobs with a high level of exposure to AI tend to be in lower-paying fields where a college education and analytical skills don’t matter
b. In early 2021, 7% of U.S. adults said they use Twitter.
c. 92% of Black adults in the U.S. say they do not have enough income to lead the kind of life they want
d. all of the above
e. none of the above

 

Answers:

1. e
2. d
3. c
4. e*

* Sources: Sources for answers to questions 1-3:  Advisors4Advisors; U.S. Federal Reserve data; source of answers to question 4 is the Pew Research Center.
Jobs with a high level of exposure to AI tend to be in higher-paying fields where a college education and analytical skills can be a plus
In early 2021, 23% of U.S. adults said they use Twitter.
68% of Black adults in the U.S. say they do not have enough income to lead the kind of life they want, but a majority are optimistic that they will one day

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This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.

This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.

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