Exam 21: Integrating the Components of a Financial Plan

You should invest in ________ if you need periodic income.

Financial statements include all of the following except a(n)

Investing in stocks of large,well-known firms may enhance your liquidity,but typically these investments do not generate as high a return as stocks of smaller firms.

Compared to the stocks of larger firms,the stocks of smaller firms are

Purposes of managing liquidity include all of the following except

In deciding how much to contribute to your retirement,which of the following should you least consider?

Even average people can accumulate wealth by

What are four types of financial investment balances that you should monitor?

Key documents for managing personal financing include all but

You are single and live in a furnished apartment.Which of the following are you most likely to need?

Loans restrict your spending or saving in future months and,therefore,can prevent you from achieving financial goals.

As time passes,your financial position and goals are likely to change so you will need to revise your financial plan.

A budget is not intended to help you determine

Careful budgeting lets you spend more to achieve your short-term financial goals.

Which of the following should you do first?

There is a cost/benefit relationship for insurance protection which means you could be under-insured or over-insured.

Stocks of smaller firms are more volatile than those of larger firms and,therefore,are not as liquid.

Name three ways to protect and maintain your wealth.

Which of the following statements about insurance is not true?

Which of the following investments generally reduces pre-tax income?