Exam 21: Integrating the Components of a Financial Plan

If you save monthly for retirement,which of the following would be used to determine how much you would ultimately have in your retirement account?

Which of the following investments achieves the greatest diversification?

Monitoring liquidity does not include tracking

Key documents for managing investments include all but

You may want to make additional loan payments if the interest rate you are paying is higher than you could obtain from an investment.

The purpose of financial planning is to help do all of the following except

It is not possible to have too much insurance coverage.

If you have enough liquidity,you should either obtain short-term financing or sell assets.

The more you spend,the less money you will have available for liquidity purposes or to make investments or to save for retirement.

Some retirement plans,such as Roth IRAs,are more liquid than other plans.

The purpose of insurance is to protect your

Disability insurance protects your ________ first and your ________ second.

One advantage of financing with a mortgage or using a home equity loan is that the interest payments are

What is the disadvantage of retirement investments compared to other investments?

It is easier to make monthly loan payments if you select financing that has relatively ________ maturities.

You should make investments only after you have sufficient liquidity and sufficient insurance to protect your existing assets.

Budgeting allows you to forecast how much money you will have at the end of each month so that you can determine how much you will be able to invest in assets.

Personal financing does not

Which of the following assets will not increase your liquidity?

If you are a high-income individual,you should not invest in