Financial Jargon Quiz Answers

Five questions to test what you know.

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1. The term "basis point" refers to:
Answer: a. One hundredth of 1 percentage point

2. Contributions to a Roth IRA are not tax deductible?
Answer: a. True

3. The term "expense ratio" refers to:
Answer: c. The relationship between a mutual fund's annual operating expenses and net assets

4. NAV stands for:
Answer: c. Net asset value

5. Which of the following is not used for retirement investing?
Answer: c. 501(c)(3)

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