Exam 21: Integrating the Components of a Financial Plan

Personal financing can be beneficial because it allows you to make purchases now without the full amount of cash on hand.

Purposes of managing liquidity include all of the following except

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

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

If your goal is to save for retirement,which of the following investments would you not consider?

To increase your net worth you should

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

If you are on a limited fixed income,you should not invest in

Use the following two columns of items to answer the matching questions below: -retirement account

To ensure adequate liquidity for a rainy day fund,you should keep those funds in

One disadvantage of financing a new car with a 15 year home equity loan is

List five areas that affect your financial plan.