Question 1

Straight Liquidation Chapter is also known as Chapter_________ Bankruptcy.

Accepted Answer

Seven

Question 2

The possibility of experiencing loss or harm is

Accepted Answer

A)  risk.
B)  potential.
C)  attitude.
D)  resources. A

Question 3

A CD is a type of

Accepted Answer

A)  trial interest.
B)  time deposit.
C)  correspondent bank.
D)  checking account. B

Question 4

Selling information is illegal.

Accepted Answer

A) True 
 B)False

Question 5

The cost of using money is called

Accepted Answer

A)  tax.
B)  interest.
C)  appreciation.
D)  principle.

Question 6

To be successful, goals should be flexible, action-oriented, specific, and realistic.

Accepted Answer

A) True 
 B)False

Question 7

A PIN is short for_________ .

Accepted Answer

The answer of A PIN is short for_________ ....

Question 8

Financial planning is a lifelong process.

Accepted Answer

A) True 
 B)False

Question 9

Under normal economic conditions, a recommended financial goal is having an emergency fund of how many monthsʹ salary?

Accepted Answer

A)  6-9
B)  0-3
C)  3-6
D)  9-12

Question 10

An individualʹs or familyʹs standard of living and future financial stability hinge on the ability to accumulate, save, invest, protect, and spend money wisely.

Accepted Answer

A) True 
 B)False

Question 11

The Truth In Savings Act requires all of the following EXCEPT

Accepted Answer

A)  annual percentage yield.
B)  information and rules regarding maintaining a minimum balance
C)  fees charged.
D)  payroll deduction.

Question 12

Identify the three steps in the financial management process.

Accepted Answer

The answer of Identify the three steps in the financial...

Question 13

There is a wait time before funds are withdrawn after using a debit card.

Accepted Answer

A) True 
 B)False

Question 14

Who is a specialist trained to focus on who gets the assets in a divorce?

Accepted Answer

A)  Certified Financial Planner
B)  Certified Divorce Planner
C)  Chartered Financial Consultant
D)  Certified Public Accountant

Question 15

Online auctions outpace online banking.

Accepted Answer

A) True 
 B)False

Question 16

Internet based payment systems called_________ allow value to be transmitted through computer.

Accepted Answer

The answer of Internet based payment systems called_________ allow value...

Question 17

Chapter 7 Bankruptcy looks better than Chapter 13 Bankruptcy on a personʹs future credit report.

Accepted Answer

A) True 
 B)False

Question 18

Rent is an example of a_________ expense.

Accepted Answer

The answer of Rent is an example of a_________ expense....

Question 19

What three things must a CFP do to get their credentials?

Accepted Answer

The answer of What three things must a CFP do...

Question 20

The bankruptcy that allows debtors to repay some of the debt they owe while arranging in return for them to keep most of their property is called

Accepted Answer

A)  Chapter 11 bankruptcy.
B)  Chapter 13 bankruptcy.
C)  Chapter 6 bankruptcy.
D)  Chapter 7 bankruptcy.

Exam 13: Saving, Banking, Debt, and Credit Issues

Straight Liquidation Chapter is also known as Chapter_________ Bankruptcy.

The possibility of experiencing loss or harm is

A CD is a type of

Selling information is illegal.

The cost of using money is called

To be successful, goals should be flexible, action-oriented, specific, and realistic.

A PIN is short for_________ .

Financial planning is a lifelong process.

Under normal economic conditions, a recommended financial goal is having an emergency fund of how many monthsʹ salary?

An individualʹs or familyʹs standard of living and future financial stability hinge on the ability to accumulate, save, invest, protect, and spend money wisely.

The Truth In Savings Act requires all of the following EXCEPT

Identify the three steps in the financial management process.

There is a wait time before funds are withdrawn after using a debit card.

Who is a specialist trained to focus on who gets the assets in a divorce?

Online auctions outpace online banking.

Internet based payment systems called_________ allow value to be transmitted through computer.

Chapter 7 Bankruptcy looks better than Chapter 13 Bankruptcy on a personʹs future credit report.

Rent is an example of a_________ expense.

What three things must a CFP do to get their credentials?

The bankruptcy that allows debtors to repay some of the debt they owe while arranging in return for them to keep most of their property is called