Exam 18: Appendix :personal-Finance-Appendix

The Federal Deposit Insurance Corporation (FDIC) insures individual deposits up to $250,000 per account in FDIC-insured banks.

Gladia is fond of shopping. However, most of the time she does not have cash at her disposal. Gladia hence purchases items by using a card issued by her bank that allows her to pay later. In the given scenario, Gladia is using a _____.

One technique for establishing a sizable savings balance is to:

When a purchase is made using a credit card, money is immediately withdrawn from the user's bank account.

In a credit card agreement, the _____ is the interest expense charged on a credit card.

In the context of setting up your budget, which of the following is a commercial program that you can use to avail a wide range of features, such as online banking services, financial calculators, and stock quotes?

In the context of financial securities, which of the following statements is true of certificates of deposit?

In the context of credit, which of the following statements is true of the Fair, Isaac and Company (FICO) scale?

Max wants to invest in the stock market. Although he has expert knowledge in trading in the stock market, he does not have the time needed to engage in these transactions and hence needs someone to buy and sell stocks on his behalf. In this case, Max should hire a(n) _____ to fulfill his requirement.

Leena and Rebecca both have accounts in the same bank. They also hold credit cards issued by their bank. Leena, however, can buy more goods on credit than Rebecca as she falls in the below average to fair category of creditworthiness. In the context of the Fair, Isaac and Company (FICO) scale, which of the following scores is Rebecca most likely to have?

In the context of financial securities, certificates of deposit are issued by banks for a variable term.

Identify a true statement about the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009.

Wendy has purchased several furnishing items from a home decor store. She pays for the entire purchase through her credit card. Wendy has 21 days to pay back the amount to the issuer of the credit card. In the context of credit cards, the number of days Wendy is given to pay back the balance is called the _____.

List and describe some of the main conditions that you need to understand before accepting a credit card.

In the context of acquiring financial assets, which of the following is a robo advisor service that helps people set, track, stick to, and eventually achieve their financial goals?

In the context of investing for retirement, which of the following statements is true of 457 plans?

Delores had invested in an individual retirement account (IRA) over the 25 years of her service and then invested the money from the IRA in government securities. The contributions that Delores had made to the account were not tax deductible at the time they were made, but she did not have to pay taxes on the distribution she received from the IRA on retirement. In this scenario, Delores had invested in a _____.

Frieda works at Zurisco Corp., a private company. She is eligible for the employee-contribution retirement plan. This plan is implemented through a payroll-deduction process. In this case, which of the following plans is offered to Frieda?

When using a credit card, _____.

_____ is a detailed forecast of your expected cash inflows and cash outflows to determine your net inflow or outflow for a given period of time.