Question 1

Financial documents should be

Accepted Answer

A) kept in a desk drawer in your home for easy access. 
B) kept in a safety deposit box. 
C) kept at your parent's house in their desk. 
D) None of the above. 
A) kept in a desk drawer in your home for easy access. 
B) kept in a safety deposit box. 
C) kept at your parent's house in their desk. 
D) None of the above.

Question 2

Which of the following is not true?

Accepted Answer

A) You should use all of your liquid assets to pay off loans 
B) Paying off loans is appropriate when the interest rate is relatively high 
C) Paying off loans is wise when the expected rate you will earn on investments is lower than the interest rate on the loan 
D) Loan payments you make restrict your spending and saving and may prevent you from achieving financial goals 
A) You should use all of your liquid assets to pay off loans 
B) Paying off loans is appropriate when the interest rate is relatively high 
C) Paying off loans is wise when the expected rate you will earn on investments is lower than the interest rate on the loan 
D) Loan payments you make restrict your spending and saving and may prevent you from achieving financial goals

Question 3

You are 25 years old and saving for an early retirement.Assuming you have a high-risk tolerance,which of the following can best help you reach your goal of retiring early?

Accepted Answer

A) NOW account 
B) MMDA account 
C) Common stock 
D) CT bills 
A) NOW account 
B) MMDA account 
C) Common stock 
D) CT bills

Question 4

Personal financing is good because it allows you to make purchases now without the full amount of cash on hand.

Accepted Answer

A) True 
 B)False

Question 5

Monitoring financing includes evaluating all of the following balances except

Accepted Answer

A) credit cards. 
B) mortgage loans. 
C) personal loans. 
D) Roth IRA. 
A) credit cards. 
B) mortgage loans. 
C) personal loans. 
D) Roth IRA.

Question 6

The idea of having adequate insurance is to protect against events that could reduce your income or wealth.

Accepted Answer

A) True 
 B)False

Question 7

One disadvantage of investing in retirement accounts is that these funds are typically not very liquid.

Accepted Answer

A) True 
 B)False

Financial documents should be

Which of the following is not true?

You are 25 years old and saving for an early retirement.Assuming you have a high-risk tolerance,which of the following can best help you reach your goal of retiring early?

Personal financing is good because it allows you to make purchases now without the full amount of cash on hand.

Monitoring financing includes evaluating all of the following balances except

The idea of having adequate insurance is to protect against events that could reduce your income or wealth.

One disadvantage of investing in retirement accounts is that these funds are typically not very liquid.

Overview of a Financial Plan

Planning With Personal Financial Statements

Applying Time Value Concepts

Using Tax Concepts for Planning

Banking and Interest Rates

Managing Your Money

Assessing and Securing Your Credit

Managing Your Credit

Personal Loans

Purchasing and Financing a Home

Auto and Homeowners Insurance

Health and Disability Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Asset Allocation

Retirement Planning

Estate Planning

Filters

Exam 21: Integrating the Components of a Financial Plan

Financial documents should be

Which of the following is not true?

You are 25 years old and saving for an early retirement.Assuming you have a high-risk tolerance,which of the following can best help you reach your goal of retiring early?

Personal financing is good because it allows you to make purchases now without the full amount of cash on hand.

Monitoring financing includes evaluating all of the following balances except

The idea of having adequate insurance is to protect against events that could reduce your income or wealth.

One disadvantage of investing in retirement accounts is that these funds are typically not very liquid.

Overview of a Financial Plan

Planning With Personal Financial Statements

Applying Time Value Concepts

Using Tax Concepts for Planning

Banking and Interest Rates

Managing Your Money

Assessing and Securing Your Credit

Managing Your Credit

Personal Loans

Purchasing and Financing a Home

Auto and Homeowners Insurance

Health and Disability Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Asset Allocation

Retirement Planning

Estate Planning

Filters