Question

I really screwed up on my latest Personal Finance quiz. I missed a lot of questions and I was wondering if anyone could tell me what the correct answer is.
1. PSI, a financial services consultant, estimates that over _____ million U.S. households have a net worth in excess of $1 million.
A. 4
B. 5
C. 10 I put C. It was wrong.
D. 20

Answer 1

3. Which one of the following would probably benefit the most from personal financial planning services?
A. Wealthy individuals who may face estate tax liabilities
B. Older persons nearing retirement and needing to know what their income will most likely be during retirement I put B and got it wrong.
C. People in high tax brackets looking for tax-advantaged investments
D. People of modest means who are least able to afford financial planning services

13. Liquidity is important to investors in a money market fund because:
A. investors generally invest long term in money market shares.
B. liquidity provides a guarantee against loss of principal. I put B. Wrong again.
C. many investor transactions are likely to occur.
D. shares are sold to the public at a specified price.

Answer 2

@DarrenMadx Can you help?

Answer 3

@DarrenMadx Can you help?

Answer 4

#1 would be A or B, not sure which
#3 would be C
#13 would be C

Answer 5

#1: According to google: only 3.5 million (3.5 percent) of the 100 million households in America are considered wealthy. About 95 percent of millionaires in America have a net worth of between $1 million and $10 million. This is closest to A
#3: The answer is D, those of modest means