These questions are taken from FINRA's Pop Quiz that the SRO gave out to American citizens.  Based on responses to the results, FINRA compiled a "Financial Literacy Assessment" of more than 5,000 U.S. residents who were surveyed,  The Survey was developed by researchers at Texas Tech University's personal financial planning department.  More than 5,000 U.S. residents, participated in the study.    How well will you fare?

Question #1.   The benefit of owning investments that are diversified is that:

1. Reduces risk
2. Increases return
3. Reduces tax liability

Question #2.    A young investor willing to take moderate risk for above-average growth would be most interested in:

1. Treasury bills
2. Money market mutual funds
3. Balance stock funds

Question #3.   The main advantage of a 401(k) plan is that it:

1. Provides a high rate of return with little risk
2. Allows you to shelter retirment savings from taxation
3. Provides a well diversified mix of investment assets

Question #4.   To ensure that some of your retirement savings will not be subject to income tax upon withdrawal, you would contribute to:

1. A traditional IRA or Individual Retirement Account
2. A Roth IRA
3. A 401(k) plan

We'll provide the answers later this week.