Simple finance questions

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Economics

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Save Answer QUESTION 1 4 points Personal financial planning is the process of managing one's money to achieve personal economic satisfaction True False QUESTION 2 4 points Save Answer person gives up when making a decision. Opportunity costs refer to what True False QUESTION 3 4 points Save Answer A personal balance sheet reports your income and expenses. True False 4 points Save Answer QUESTION 4 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 4 4 points Save Answer A person's net worth is the difference between the value of the items he or she owns and the amounts he or she owes others. True False QUESTION 5 4 points Save Answer check. Using a debit card is basically the same as writing True False 4 points Save Answer QUESTION 6 College students are a prime target for credit card issuers. True False 4 points Save Answer QUESTION 7 Buying on credit is almost always cheaper than paying cash. True False Click Save and Submit to save and submit. Click Save All Answers to save all answers Save and Submit Save All Answers Buying on creart is almost always cheaper than paying uuli True False QUESTION 8 4 points Save Answer The finance charge is the total dollar amount you pay to use credit True False 4 points Save Answer QUESTION 9 A lease protects the rights of both the tenant and the landlord. True False 4 points Save Answer QUESTION 10 A security deposit is a fee charged to help you find and apartment or house to rent. True False FOTIA 44 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 11 4 points Save Answer A major activity in the financial planning process is: selecting insurance coverage. O evaluating investment alternatives. establishing a line of credit allocating current resources for spending. all of the above. QUESTION 12 4 points Save Answer The ability to convert financial resources into usable cash with ease is referred to as: bankruptcy. liquidity investing saving opportunity cost. ООООО 4 points Save Answer QUESTION 13 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 13 4 points Save Answer A cash flow statement, which we have also referred to as an income statement and as a budget, reports on a person's: net worth. current income and payments O plan for spending. value of investments. balance of savings. QUESTION 14 4 points Save Answer A saver will usually earn the highest rate with which of the following types of savings plans? A certificate of deposit. A debit account. A passbook account. A share account. A NOW account. 4 points Save Answer QUESTION 15 If you cosign a loan: you are not being asked to guarantee the debt. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 15 4 points Save If you cosign a loan: O you are not being asked to guarantee the debt. O it is not your responsibility to pay the debt. you'll have to pay up to the full amount of the debt if the borrower does not pay. the creditor must first try to collect from the borrower. the creditor cannot garnish your wages. Sav QUESTION 16 4 points Which of the following agencies can produce a report about your past and present credit activity? the Federal Reserve Bank in your district the Audit Bureau of Circulation the Federal Trade Commission a debit bureau a credit bureau S 4 points QUESTION 17 If creditors add finance charges after subtracting payments made during the billing period, this is Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save Save All Answers a credit LIGA Save Answer QUESTION 17 4 points If creditors add finance charges after subtracting payments made during the billing period, this is called the: APR method. discount method. previous balance method. adjusted balance method. O average daily balance method. 4 points Save Answer QUESTION 18 If you find that you cannot make your payments you should: skip town. declare personal bankruptcy. borrow from a loan shark to make the payment. let the lender go to a collection agency. contact your creditors at once and try to work out a modified payment plan with them. 4 points Save Answer QUESTION 19 A cost associated with home buying would be: Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all unsers. Save All Answers 7914 contact your creditors at once and try to work out a moumicu Puymorph 4 points Save Answe QUESTION 19 A cost associated with home buying would be: renter's insurance. the security deposit. annual appreciation of the property. property taxes the interest lost on the security deposit. 4 points Save Ans QUESTION 20 Which document is used to transfer ownership of property from one party to another? survey escrow account settlement statement appraisal deed Save Ar 10 points LAIL. QUESTION 21 Save and s Save All Answers Chek Save and Submit to save and submit Click Save All Ansuers to save all answers. settlement statement O appraisal deed QUESTION 21 10 points Save Answ Suppose you decide you want to buy a house. What steps would you take? Τ Τ Τ Arial 3 (12pt) • T- I Words:0 Path: p 10 points Save A QUESTION 22 Save and Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers
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Very useful material for studying!

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