Question 1

Which of the following statements about women is true?

Accepted Answer

A)  They generally qualify for more from Social Security income. 
B)  They generally earn more than their male counterparts. 
C)  Over 90% of all women will take sole responsibility for their financial decisions at some point in their lives. 
D)  They make up a minority of the elderly people who live in poverty. 
E)  All of the above are true statements. 
A)  They generally qualify for more from Social Security income. 
B)  They generally earn more than their male counterparts. 
C)  Over 90% of all women will take sole responsibility for their financial decisions at some point in their lives. 
D)  They make up a minority of the elderly people who live in poverty. 
E)  All of the above are true statements.

Question 2

Understanding key personal finance topics can prevent you from being a victim to fraud and self-interested behaviors of sales people and financial advisors.

Accepted Answer

A) True 
 B)False

Question 3

Insurance planning becomes much more important when a person gets married.

Accepted Answer

A) True 
 B)False

Question 4

Why is discussing personal finances with your significant other so important prior to getting married?

Accepted Answer

Personal finances become more challengin

Question 5

According to the information provided in your textbook, how do the rich become rich (millionaires)?

Accepted Answer

In a survey of the habits of wealthy Ame

Question 6

One of the first things a newly married couple should do is update their financial records and consider making each other the beneficiary on their financial accounts.

Accepted Answer

A) True 
 B)False

Question 7

Your potential income sources should be evaluated prior to having children.

Accepted Answer

A) True 
 B)False

Question 8

The best investment advice for younger people is to be conservative and avoid risk.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not true regarding investing in stocks?

Accepted Answer

A)  They are risky, but not as risky as not investing in them. 
B)  Mutual funds are an easy way to invest in stocks and diversify. 
C)  You should let asset allocation decisions be guided by your time horizon. 
D)  You should review the time dimension of investing. 
E)  All of the above are true statements. 
A)  They are risky, but not as risky as not investing in them. 
B)  Mutual funds are an easy way to invest in stocks and diversify. 
C)  You should let asset allocation decisions be guided by your time horizon. 
D)  You should review the time dimension of investing. 
E)  All of the above are true statements.

Question 10

Roxanne began saving for retirement at age 23 when she graduated college. She wants to have $2.3 million dollars in her retirement account when she reaches age 55. If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return, will she achieve her goal in time?

Accepted Answer

A)  Yes, she will have over $2.3 million dollars in the account. 
B)  No, she will have less than $2.3 million dollars in the account. 
A)  Yes, she will have over $2.3 million dollars in the account. 
B)  No, she will have less than $2.3 million dollars in the account.

Question 11

Living below your means deals with buying what you need versus buying what you want.

Accepted Answer

A) True 
 B)False

Question 12

For a married couple with opposite spending habits, one checking account for the family is the ideal strategy.

Accepted Answer

A) True 
 B)False

Question 13

Why is it important for someone twenty five years old to start planning for retirement?

Accepted Answer

When you are young your best friend is t

Question 14

If you have good financial goals then you really don't need a financial plan.

Accepted Answer

A) True 
 B)False

Question 15

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest. If instead you had begun saving earlier, and had deposited $365 in the account each year for 50 years, how much more money would you have on deposit?

Accepted Answer

A)  $13,607.10 
B)  $157,557.18 
C)  $718,449.48 
D)  $827,339.80 
A)  $13,607.10 
B)  $157,557.18 
C)  $718,449.48 
D)  $827,339.80

Question 16

Your spouse's credit score may have a positive or negative impact on your ability to acquire a mortgage together.

Accepted Answer

A) True 
 B)False

Question 17

Discuss why budgeting is so critical to financial success and what it forces you to do.

Accepted Answer

Budgeting is critical in allowing you to

Question 18

College graduates should be prepared to make many financial decisions during their first decade after graduation.

Accepted Answer

A) True 
 B)False

Question 19

If you and your spouse have different money management styles, it may be wise to maintain separate checking accounts.

Accepted Answer

A) True 
 B)False

Question 20

What is a reason that your textbook suggests as to why a newly married couple would want to establish separate checking accounts?

Accepted Answer

A)  It makes record keeping much easier. 
B)  It is preferable if the couple has incompatible money management styles. 
C)  One always gets a better deal from the bank on two accounts versus one account. 
D)  all of the above 
E)  none of the above 
A)  It makes record keeping much easier. 
B)  It is preferable if the couple has incompatible money management styles. 
C)  One always gets a better deal from the bank on two accounts versus one account. 
D)  all of the above 
E)  none of the above

Which of the following statements about women is true?

Understanding key personal finance topics can prevent you from being a victim to fraud and self-interested behaviors of sales people and financial advisors.

Insurance planning becomes much more important when a person gets married.

Why is discussing personal finances with your significant other so important prior to getting married?

According to the information provided in your textbook, how do the rich become rich (millionaires)?

One of the first things a newly married couple should do is update their financial records and consider making each other the beneficiary on their financial accounts.

Your potential income sources should be evaluated prior to having children.

The best investment advice for younger people is to be conservative and avoid risk.

Which of the following is not true regarding investing in stocks?

Roxanne began saving for retirement at age 23 when she graduated college. She wants to have $2.3 million dollars in her retirement account when she reaches age 55. If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return, will she achieve her goal in time?

Living below your means deals with buying what you need versus buying what you want.

For a married couple with opposite spending habits, one checking account for the family is the ideal strategy.

Why is it important for someone twenty five years old to start planning for retirement?

If you have good financial goals then you really don't need a financial plan.

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest. If instead you had begun saving earlier, and had deposited $365 in the account each year for 50 years, how much more money would you have on deposit?

Your spouse's credit score may have a positive or negative impact on your ability to acquire a mortgage together.

Discuss why budgeting is so critical to financial success and what it forces you to do.

College graduates should be prepared to make many financial decisions during their first decade after graduation.

If you and your spouse have different money management styles, it may be wise to maintain separate checking accounts.

What is a reason that your textbook suggests as to why a newly married couple would want to establish separate checking accounts?

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: The Role of Open Credit

Using Consumer Loans: The Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Securities Markets

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: An Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters

Exam 18: Financial Life Events Fitting the Pieces Together

Which of the following statements about women is true?

Understanding key personal finance topics can prevent you from being a victim to fraud and self-interested behaviors of sales people and financial advisors.

Insurance planning becomes much more important when a person gets married.

Why is discussing personal finances with your significant other so important prior to getting married?

According to the information provided in your textbook, how do the rich become rich (millionaires)?

One of the first things a newly married couple should do is update their financial records and consider making each other the beneficiary on their financial accounts.

Your potential income sources should be evaluated prior to having children.

The best investment advice for younger people is to be conservative and avoid risk.

Which of the following is not true regarding investing in stocks?

Roxanne began saving for retirement at age 23 when she graduated college. She wants to have $2.3 million dollars in her retirement account when she reaches age 55. If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return, will she achieve her goal in time?

Living below your means deals with buying what you need versus buying what you want.

For a married couple with opposite spending habits, one checking account for the family is the ideal strategy.

Why is it important for someone twenty five years old to start planning for retirement?

If you have good financial goals then you really don't need a financial plan.

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest. If instead you had begun saving earlier, and had deposited $365 in the account each year for 50 years, how much more money would you have on deposit?

Your spouse's credit score may have a positive or negative impact on your ability to acquire a mortgage together.

Discuss why budgeting is so critical to financial success and what it forces you to do.

College graduates should be prepared to make many financial decisions during their first decade after graduation.

If you and your spouse have different money management styles, it may be wise to maintain separate checking accounts.

What is a reason that your textbook suggests as to why a newly married couple would want to establish separate checking accounts?

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: The Role of Open Credit

Using Consumer Loans: The Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Securities Markets

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: An Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters