Question 1

Some employers offer paid retirement accounts. These are called&#10;A) defined benefit plans.&#10;B) pensions.&#10;C) traditional IRAs.&#10;D) Both A and B

Accepted Answer

D

Question 2

When you create a _____, you consider your financial goals and determine steps you will take to meet them.&#10;A) financial plan&#10;B) retirement plan&#10;C) budget&#10;D) balance sheet

Accepted Answer

A

Question 3

The Dow Jones Industrial Average is an index of stocks.

Accepted Answer

True

Question 4

Bonds are typically short-term investments.

Accepted Answer

The answer of Bonds are typically short-term investments....

Question 5

Cash flow statements are not as important now since companies typically handle transactions electronically.

Accepted Answer

The answer of Cash flow statements are not as important...

Question 6

An income statement is usually prepared to show income and expenses for a month or fiscal year.

Accepted Answer

The answer of An income statement is usually prepared to...

Question 7

A(n) ____ shows the assets, liabilities, and owner's equity of an organization as of a given date.&#10;A) balance sheet&#10;B) income statement&#10;C) cash flow statement&#10;D) loan amortization schedule

Accepted Answer

The answer of A(n) ____ shows the assets, liabilities, and...

Question 8

Typically, a savings account gets the most activity of any personal banking account each month.

Accepted Answer

The answer of Typically, a savings account gets the most...

Question 9

You should limit the amount you owe to less than _____ percent of your take-home pay.&#10;A) 20&#10;B) 5&#10;C) 30&#10;D) 50

Accepted Answer

The answer of You should limit the amount you owe...

Question 10

Marc just started a new job and receives medical and dental insurance coverage in addition to his salary. Benefits in addition to salary are known as _____ benefits.&#10;A) fringe&#10;B) extra&#10;C) unplanned&#10;D) deferred

Accepted Answer

The answer of Marc just started a new job and...

Question 11

A loan amortization calculator shows how much interest you will pay during the life of a loan.

Accepted Answer

The answer of A loan amortization calculator shows how much...

Question 12

If you carry a balance on your credit card, it's wise to make only the minimum payment since you'll have to pay interest anyway.

Accepted Answer

The answer of If you carry a balance on your...

Question 13

_____ are the modern equivalent of petty cash.&#10;A) Purchasing cards&#10;B) Purchase orders&#10;C) Debit cards&#10;D) Credit cards

Accepted Answer

The answer of _____ are the modern equivalent of petty...

Question 14

_____ is the interest rate for a credit card expressed as a yearly amount.&#10;A) IRA&#10;B) SEP&#10;C) APR&#10;D) None of the above

Accepted Answer

The answer of _____ is the interest rate for a...

Question 15

_____ are the result of thinking about what you want to achieve and how you will pay for it.&#10;A) Financial goals&#10;B) Budgets&#10;C) IRAs&#10;D) Personal goals

Accepted Answer

The answer of _____ are the result of thinking about...

Question 16

A _____ consists of stocks, bonds, and other investments focused on a particular investment strategy.&#10;A) defined benefit plan&#10;B) stock purchase plan&#10;C) mutual fund&#10;D) simplified employee pension plan

Accepted Answer

The answer of A _____ consists of stocks, bonds, and...

Question 17

Ronald's car just died, and he needs to buy a new one very soon. He has investments, but it will take a while for him to get the cash from these investments. Ronald is having a _____ problem.&#10;A) liquidity&#10;B) penalty&#10;C) dividend&#10;D) diversification

Accepted Answer

The answer of Ronald's car just died, and he needs...

Question 18

You may have money taken out of your paycheck for retirement as a payroll deduction.

Accepted Answer

The answer of You may have money taken out of...

Question 19

Medicare is a health insurance program for people age 65 or older.

Accepted Answer

The answer of Medicare is a health insurance program for...

Question 20

The S&P 500 is an indicator of stock market trends.

Accepted Answer

The answer of The S&P 500 is an indicator of...

Question 21

Match between columns&#10;                        Premises: A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;A spending and saving plan based on anticipated income and expenses&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;An IRA set up to benefit a husband or wife who does not work outside the home&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of a company's profits distributed to stockholders&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;A share of ownership in a corporation&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;A tax-deferred retirement plan for employees of private companies and corporations&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;An IRA for which contributions are taxed at the time you make them&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A retirement plan for small business owners and their employees&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions&#10;A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions

Accepted Answer

The Answer of 403(b) and Roth IRA and spousal IRA is...

Deck 13: Personal Finance and Investment Strategies