Read 'Chapter 1: What You Should Know About Financial Planning Chapter' & answer the following question(s): |
1. | Family financial goals should be |
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2. | Financial planning can help us to |
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3. | Financial goals need NOT be |
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4. | The first step in the financial planning process is to |
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5. | Personal financial planning processes may include all except |
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6. | Which of the following statements is FALSE about financial goals? |
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7. | An unemployment rate of 8 percent would be indicative of |
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8. | Inflation refers to |
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9. | As the rate of inflation increases, |
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10. | Effects of lowering the discount rate by the Federal Reserve can stimulate all except |
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11. | Financial planning for people over sixty should NOT include |
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12. | The least important financial planning for single-adult concerns |
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13. | Martha is 80 years old. She is most likely concerned with |
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Read 'Chapter 2: Basic Time Value Applications' & answer the following question(s): |
14. | You should consider the time value of money as an opportunity cost when you do the following except |
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15. | Future value tables are used to determine |
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16. | If you put $1,000 in a saving account and make no further deposits, what type of calculation would provide you with the value of the account in 20 years? |
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17. | ___________________ is a rule of thumb to figure out how long it takes you to double your investment money. |
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Read 'Chapter 3: Personal Financial Statements And Budgeting' & answer the following question(s): |
18. | The balance sheet describes a family's wealth |
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19. | The three parts of your balance sheet are |
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20. | Which of the flowing is TRUE? |
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21. | _______________________ is NOT a deferred asset. |
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22. | An abbreviated personal balance sheet would NOT include |
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23. | Liabilities do NOT include |
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24. | A budget is a |
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25. | The main purpose of a budget is to |
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Read 'Chapter 4: Career Planning And Financial Success' & answer the following question(s): |
26. | _______________________ is NOT an important occupational motivator. |
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27. | Employee benefits may NOT include |
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28. | The cost savings of working at home do NOT include |
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29. | _________________________ is NOT a website for job hunting. |
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30. | __________________ may NOT be an example of college-related costs. |
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Read 'Chapter 5: Planning For Your Children'S College Education ' & answer the following question(s): |
31. | Your child wants to go to college for the next 4 years. The annual cost is $6,000 and will increase at the rate of 8 percent per year. What is the cost of the education? |
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32. | Top strategies to maximize aid eligibility do NOT include |
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33. | To qualify for a Stafford loan, you must |
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34. | _______________________ is a non-needed-basis loan. |
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35. | ____________ loans do NOT have to be repaid until after you graduate from college. |
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36. | Federal government programs do NOT include: |
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Read 'Chapter 6: The Return And Riskiness Of Your Investments ' & answer the following question(s): |
37. | Holding Period Return (HPR) is |
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38. | To be successful as an investor, you need an understanding of |
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39. | The returns you would expect from your investments could be |
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40. | In deciding your risk tolerance you should NOT consider |
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41. | The investment vehicle with the highest risk and highest rate of return is |
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42. | Security investors incur varying degrees of risk. Business risk is related to |
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43. | Companies with a great deal of long-term debt would rate fairly high in ____________ risk. |
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44. | Risk and return are ___________ related. |
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45. | Beta is a security’s volatility compared to an average security. A beta reading of zero (0) means |
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Read 'Chapter 7: Banking And Cash Management ' & answer the following question(s): |
46. | Which of the following statements is NOT true about check writing? |
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47. | Which of the following statements is NOT true about a home equity line of credit? |
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48. | Commercial banks are insured by the |
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49. | The Emergency Economic Stabilization Act of 2008 increased the insurance coverage on all accounts up to ______________. |
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50. | Banking regulators include all except |
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51. | Banking tools (services) do NOT include |
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Read 'Chapter 8: How To Take On And Manage Debt' & answer the following question(s): |
52. | Fair Credit Reporting affects your credit by releasing all the information except |
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53. | The elements of credit do NOT include |
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54. | A FICO Score or credit score that is computer generated and predicts a lenders risk, includes some of the following factors except for |
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55. | Most of the information in your credit file may be reported for only ______ years. |
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56. | If you have a problem with your creditor, the best solution is to |
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57. | A good rule of thumb is to limit consumer debt payments to |
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58. | Your debt/equity ratio |
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59. | Vantage Score, a credit scoring model, was launched in 2005 by |
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60. | The 2005 bankruptcy law |
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Read 'Chapter 9: How To Determine And Save On The Costs Of Living ' & answer the following question(s): |
61. | One of the ways to reduce automotive expenses is to buy a small hybrid car, since it |
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62. | Which of the following is NOT one of the four basic leasing rules: |
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Read 'Chapter 10: Where And How You Choose To Live' & answer the following question(s): |
63. | _________ is NOT an advantage of owning your own home. |
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64. | Closing costs do NOT include |
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65. | Which of the following is false about an adjustable rate mortgage (ARM)? |
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Read 'Chapter 11: Life, Health, And Property And Liability Insurance ' & answer the following question(s): |
66. | _____________________ is NOT one of the most common risks a consumer must address. |
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67. | The features of term insurance can include all except |
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68. | Aspects of whole-life insurance do not include |
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69. | _______________________________ is NOT professional designation that life insurance agents may earn. |
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70. | A ratings guide to the financial stability of the nation's insurers is published by |
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71. | The fastest growing segment of the health care industry is |
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72. | When you have to file a homeowner’s claim you should NOT |
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73. | A HO-1 policy covers damage from property damage perils except |
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74. | _________________ is another insurance credit scoring company along with FICO. |
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Read 'Chapter 12: What You Should Know About Investments And Planning' & answer the following question(s): |
75. | Before getting started as an investor you should do all of the following except |
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76. | Sources of financing your investment choices do NOT include |
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77. | An asset that is considered both highly marketable and highly liquid is |
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78. | Buying on margin is buying |
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79. | _________ is NOT an investment at risk with changing interest rates |
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80. | Investments NOT vulnerable to a changing economy are |
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Read 'Chapter 13: Should You Invest In Common Stock?' & answer the following question(s): |
81. | Corporate ownership is evidenced by |
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82. | Types of stock can NOT include |
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83. | ___________ is NOT the type of orders you may place for stock transactions |
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84. | What is your return on a stock if you buy a stock for $30 and sell it for $36, and the annual cash dividend is $2. Your return per share is |
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85. | If you invested $80 in a stock which you sold 3 months later for $100 and a $2 dividend was received, then the quarterly return is ________. |
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86. | Patsy Banz owns 220 shares of General Mills Corporation. For the last calendar quarter, General Mills Corporation paid $0.47 a share. What is the total amount she received in her dividend check for this quarter? |
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87. | Price-earnings ratio is NOT affected by |
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88. | ____________________ is NOT a rule of thumb used for stock valuation. |
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89. | Market risk is often measured using |
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90. | Good monetary indicators include |
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Read 'Chapter 14: Should You Invest In Fixed-Income Securities? ' & answer the following question(s): |
91. | Examples of fixed income securities do NOT include |
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92. | Bonds have the following advantages except for |
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93. | Types of bonds do NOT include |
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94. | ________ is NOT one of basic factors to consider in selecting a bond |
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95. | If a bond is purchased at a price above the face value, the yield to maturity is |
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96. | John Smith is in the 28 percent tax bracket. If he were to purchase a $1,000 municipal bond that had a stated interest rate of 6.9%, the taxable equivalent yield would be |
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97. | Preferred stock, like a corporate bond, has the following features except that |
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98. | Other fixed income securities, often called short-term parking lots, include |
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Read 'Chapter 15: Investing In Tangibles: Real Estate And Other Real Assets' & answer the following question(s): |
99. | Which of the following statements is FALSE about real estate investing? |
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100. | Limited partnerships have the following disadvantages except for |
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101. | Before investing in Real Estate Investment Trusts (REITs) you must consider all the following EXCEPT |
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102. | When choosing a REIT you should NOT consider |
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103. | Federal law requires REITs to |
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104. | One of the possible advantages of investing in a real estate limited partnership is that you |
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105. | What type of REIT is the safest? |
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106. | Mortgage backed securities do NOT include |
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107. | Investments in tangible assets such as gold and silver offer the following benefits |
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Read 'Chapter 16: Mutual Funds And Diversification ' & answer the following question(s): |
108. | A mutual fund has $10 million in assets and $1 million in liabilities. There are 400,000 fund shares outstanding. What is the net asset value (NAV) of this fund? |
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109. | Mutual fund investing is characterized by all except |
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110. | The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is called the |
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111. | Another name for a mutual fund is |
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112. | Redeeming your mutual fund shares might result in a charge called a |
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113. | A no-load fund has no |
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114. | Mutual funds may NOT include |
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115. | In picking a “muni” (municipal) fund you should NOT consider |
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116. | Proven risk-reducing strategies for making money in mutual funds do NOT include |
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Read 'Chapter 17: How To Have Enough Money In Your Pension Plan When You Retire ' & answer the following question(s): |
117. | ___________________ is NOT an excellent investment vehicle for retirement planning. |
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118. | Which one of the following is the most widely used source of retirement income? |
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119. | The first step in retirement planning is to |
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120. | Ideally, retirement planning should begin |
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121. | An individual retirement account is an example of a(n) ______________ asset. |
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122. | ________________________ is an option for retirement planning. |
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Read 'Chapter 18: Estate Planning: Preserving Your Estate' & answer the following question(s): |
123. | The primary purpose of estate planning is to |
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124. | Estate planning involves |
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125. | A will is a legal document outlining the plan for |
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