FINC 321 Finals Exam Multiple Choice 2016

Jun 27th, 2016
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Question 1. Inflation can cause difficulty in many ways. Which group would have the greatest problem during periods of high inflation that last several years? a.) Older, working couples saving for retirement. b.) Older people living on fixed retirement income. c.) Young couples with no children who both work. d.) Young working couples with children. 2. Which of the following is true about sales taxes? a.) The national sales tax percentage rate is 6%. b.) The federal government will deduct it from your paycheck. c.) You don’t have to pay the tax if your income is very low. d.) It makes things more expensive for you to buy. 3. Rebecca has saved $12,000 for her college expenses by working part-time. Her plan is to start college next year and she needs all of the money she saved. Which of the following is the safest place for her college money? a.) Locked in her closet at home. b.) Stocks. c.) Corporate bonds. d.) A bank savings account. 4. Which of the following types of inv

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FINC 321 Finals Exam Multiple Choice 2016Report this Question as InappropriateQuestion1. Inflation can cause difficulty in many ways. Which group would have the greatest problemduring periods of high inflation that last several years?a.) Older, working couples saving for retirement.b.) Older people living on fixed retirement income.c.) Young couples with no children who both work.d.) Young working couples with children.2. Which of the following is true about sales taxes?a.) The national sales tax percentage rate is 6%.b.) The federal government will deduct it from your paycheck.c.) You dont have to pay the tax if your income is very low.d.) It makes things more expensive for you to buy.3. Rebecca has saved $12,000 for her college expenses by working part-time. Her plan is to startcollege next year and she needs all of the money she saved. Which of the following is the safestplace for her college money?a.) Locked in her closet at home.b.) Stocks.c.) Corporate bonds.d.) A bank savings account.4. Which of the following types of investment would best protect the purchasing power of afamilys savings in the event of a sudden increase in inflation?a.) A 10-year bond issued by a corporation.b.) A certificate of deposit at a bank.c.) A twenty-five year corporate bond.d.) A house financed with a fixed-rate mortgage.5. Under which of the following circumstances would it be financially beneficial to you toborrow money to buy something now and repay it w

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