Exam 18: Appendix :personal-Finance-Appendix

Owing to his impulsive buying habits, Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough money to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:

In the context of setting up your budget, which of the following is an expense tracking tool?

Jayden opened a savings account in a bank, and the bank issued him a card that can be used for various transactions. As Jaden does not prefer carrying cash all the time, he mostly uses the card to pay for all his purchases. His transactions are thus cashless, and the purchase amount is immediately deducted from his bank account. In this case, Jayden is using a _____.

_____ sell shares to investors and pool the resulting funds to invest in financial instruments such as corporate stocks, corporate bonds, or other assets.

In the context of investing in your career, securing an internship during your college years:

Alex holds a corporate bond in a wool manufacturing company. This bond is a formal IOU issued by the company. As a bondholder, Alex's relationship with the company is that of a(n):

Kimberly has opened an account in Northwater City Bank. She receives a 3.5 percent interest rate on the money she deposits in her account. She does not use the funds from the account to meet her minor expenditures but only uses them when there is any major expenditure. In the context of this scenario, which of the following kinds of bank accounts does Kimberly hold?

Crosmane Growth and Income, a financial institution, sells shares to investors. It accumulates the money received from the sold shares to invest in financial instruments such as corporate stocks, corporate bonds, government securities, and other assets. In this scenario, Crosmane Growth and Income represents a _____.

In the context of credit cards, which of the following statements is true of the annual percentage rate (APR)?

In the context of expenditures, the payments you have the most control over are called your nondiscretionary payments.

In the context of financial securities, _____ is a distribution of profits paid out to stockholders by a corporation.

One of the most important determinants of the amount of credit you can obtain is your _____, which is a numerical indicator of your creditworthiness.

Which of the following statements is true of investing?

Isabella, who has worked for the last 30 years, has reached her retirement age and is eligible for the 403(b) employee-contribution retirement plan. Which of the following organizations is Isabella most likely working in?