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cloe
Questions (52)
World War I, WWII, Korea or Vietnam
It is often a good idea to invest most or all of your retirement savings in the stock of your employer so that you will
The Keogh Plan is another retirement savings option, which can supplement Individual Retirement Accounts (IRAs) for employed
With which of the following plans will you be able to most accurately predict your retirement income?
Question 41 options: 401(k)
Social Security provides sufficient income to support the lifestyles of most individuals.
Question 40 options: True False
The bodily injury liability coverage of your automobile policy will not pay for
Question 39 options: medical expenses of those in
Since insurance companies rely mostly on their premiums to cover claims, they price their insurance policies to reflect the
In general, the cost of comprehensive and collision insurance is the most expensive part of your automobile policy representing
Insurance can protect your existing net worth and also increase the likelihood that you will be able to increase your net worth
Bank ATM charges may be substantial if you make many transactions monthly and use out of network machines.
Question 35 options:
Finance companies are more selective in choosing the lender they serve, and therefore usually charge lower interest rates than
A financial conglomerate offers a diverse set of services that include which of the following?
Question 33 options: Credit cards
The size of the monthly payment on a loan is dependent on
Question 32 options: principal borrowed. interest rate. maturity. All
Financial institutions provide home equity loans up to a maximum of 70 percent of the value of the equity in a home.
Question 31
Buying a car from a dealer with a set price (a no-haggle dealer) is usually more stress-free and less time consuming.
Question 30
In determining the amount of your loan, you should ask for about 20% more than you need in order to give yourself financial
The time value of money concept is hardly ever used in daily financial decisions.
Question 28 options: True False
Time value concepts can be applied to lottery winnings. The winner can usually choose an annuity or a lump sum.
Question 27
An example of an opportunity cost is saving money rather than taking a vacation.
Question 26 options: True False
The key tax planning decisions in building your financial plan are knowing what tax savings are currently available to you and
Progressive is a term used in taxation which means the tax laws keep up with the times.
Question 24 options: True False
All interest and dividends received by an individual taxpayer are taxable.
Question 23 options: True False
Common stockholders have the right to vote on key corporate issues, but also have the last right to the assets or profits of a
Institutional investors are professionals employed by a financial institution, who invest their own money earned from their
Bonds are certificates representing partial ownership of a firm.
Question 20 options: True False
Of the following statements about a day trader, which is not correct?
Question 19 options: They have a short-term focus. They may
The more savings a household has accumulated, the less life insurance they will need.
Question 18 options: True False
Because it is permanent insurance and has a cash value buildup, you should use a whole life insurance policy as
Question 17
If you buy a term insurance policy with a conversion option, this means that you
Question 16 options: will get most of your
Life insurance is critical to protect a family's financial situation in the event that a breadwinner dies.
Question 15 options:
If both a husband and wife are employed, their consumption behavior will
Question 14 options: increase. decrease. stay the same.
The cash flow statement reports a person or family's
Question 13 options: net worth. current income and payments. plan for
Which of the following would increase your liquid assets?
Question 12 options: Buying a new car Making regular deposits to a
Which of the following is an example of an opportunity cost?
Question 11 options: Renting an apartment near school Saving money
You can benefit from personal financial planning if you are
Question 10 options: an employee. self-employed. a student. Any of
A personal financial plan specifies financial goals and describes
Question 9 options: saving, investing, and asset valuation.
Indemnity health plans
Question 8 options: greatly restrict the choice of health care providers. require you to pay the doctor
Basic health insurance policies and Medicare will not cover stays in nursing homes or assisted living centers for very long.
Ques
Hospitals, doctors, and patients have enough incentive to make the most economical use of health care services.
Question 6
Medicare is a government health insurance program for those over 65 years of age who can show need for financial assistance.
Ques
If your credit card is lost or stolen, you are only responsible for up to $50 in false charges.
Question 4 options: True False
An alternative to MasterCard, Visa, and American Express credit cards is a retail or proprietary card that is issued for use at
It is a good idea to get and use as many credit cards as possible to build a credit history.
Question 2 options: True False
Creditors prefer a ________ amount of capital and ________ collateral in the best of circumstances.
Question 1 options: low; low
¿Qué tipo de robo de identidad es el más frecuente en personas menores de 20 años?
Observa el gráfico de la página 15. ¿Cómo describirías las tendencias de cada uno de los 3 tipos principales de robo de
En la página 14, ¿qué tipo de fraude con tarjetas de crédito es el más común?
1. ¿Cuál es el tipo de robo de identidad más común, según la cantidad de denuncias? Piensa en al menos una razón por la
1. ¿Cuál es el tipo de robo de identidad más común, según la cantidad de denuncias? Piensa en al menos una razón por la
1. Explique en pocas frases cómo el robo de identidad puede afectar la vida de una persona.
2. Dé un ejemplo que ilustre los
How many minors have had their identity stolen?
A. 1 in 1,000 B. 1 in 300 C. 1 in 50
. Según Lisa Servon y Joe Coleman, ¿qué necesidad cubren los prestamistas de día de pago?
2. ¿Cuál es la relación entre la
