Test Answers on finance

Credit 3 Personal Finance16

question creditor answer A business that gives you a loan is: question Obtain a car loan answer Having a low credit score can make it more difficult to: question One credit report from each credit bureau answer How many free credit reports are you legally entitled to each year? question Paying off your credit card […]

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Personal Finance Ch 1

question Consumer answer A person or organization that buys/uses goods or services question Financial literacy answer The knowledge and skill set necessary to be an informed consumer and manage finances effectively question Credit answer The granting of a loan and the creation of a debt; any form of deferred payment question Loan answer A debt […]

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Flashcards About Finance Chapter 13

question Capital Costs answer purchases of land, buildings, and equipment question CON legislation/social security amendments answer Certificate of need legislation 2 programs were enacted in 1974 in attempts to slow the growth in healthcare capital costs: National Health Planning and Resources Development Act, Social Security Amendments- both compelled hospitals to get permission from a governmental […]

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Taxes Personal Finance

question FICA answer Federal Insurance Contributions Act Tax question FICA shows up on paychecks as? answer social security and medicare question Half is paid by the _____ unless you are _____. answer employer self employed question Social security answer provides benefits for retirees, the disabled, and children of decreased workers question Medicare answer provides health […]

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personal finances chapter 1

question Personal financial planning answer the process of managing your money to achieve personal economic satisfaction question advantages of personal financial planning answer increased effectiveness in obtaining using and protecting resources. control by avoiding debt, bankruptcy and dependence on others for security. improved relationships resulting from well planned and communicated financial decisions. freedom from financial […]

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Chapter 12 Personal Finance

question d answer 47. Which of the following is incorrect? A. There is no substitute for researching a potential investment. B. Beginning investors sometimes worry that they won’t know what the information they find about stocks really means. C. Some investors do not know where to get the information they need to evaluate potential investments. […]

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Personal Finance: College Loan Terms

question Subsidized Loans answer Subsidized Stafford Loans are available to undergraduate students who \”demonstrate financial need, and the government pays the interest on these loans while the student is in school. \” question Unsubsidized Loans answer Unsubsidized Stafford Loans are available to undergraduate and graduate students \”regardless of financial need and the student is responsible […]

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Test 2 Personal Finance Turner

question How do you compare cash management alternatives to determine which is best for you? A) Take into account their tax rate B) Consider their safety or risk C) Compare returns using comparable interest rates D) All of the above are correct answer D question Cash and investments that can be easily converted into cash […]

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Finance Test 2- chapter 6

question You wish to borrow $2,000 to be repaid in 12 monthly installments of $189.12. The annual interest rate is: A) 24%. B) 8%. C) 18%. D) 12%. answer A) 24%. question If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at […]

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Personal Finance Study Guide

question Interest answer The price of using credit. An additional amount that is paid to a lender question Opportunity Cost answer The next-best alternative that is given up when a choice is made question Credit answer A loan with interest question Budget answer An estimate of income and expenses for a period of time question […]

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FBLA Personal Finance Study Guide

question In the case of a savings account what is the principal? answer The amount of money you deposit question The Federal Reserve System is answer The central banking system of the United States question The rise in the level of prices for goods and services is answer Inflation question The ways in which groups […]

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EZC1 – Finance WGU

question main line finance disciplines answer corporate finance, investments, institutions question capital budgeting analysis answer process of determining what capital assets to buy question finance your company with … answer own money (equity) or the bank’s money (debt). question Equity answer Amount of owners’ portion of a business. question debt answer Money lent by a […]

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Real Estate Finance: Chapter 5 Conventional, Insured, & Guaranteed Loans

question 3 General Types of Real Estate Loans in California answer 1. Conventional 2. Government insured (FHA) 3. Government guaranteed (DVA) question *Conventional Loan answer Has no third-party guarantor unless it is insured by a private mortgage insurance company. Most of the real estate loans made today are conventional loans. Most originators of conventional loans […]

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Finance 300: Chapter 11, 12 & 13

question Discount Papers answer Treasury Bills- backed by full faith, Commercial Papers- short term corporate debt and Bankers’ Acceptance- finances self liquidating transactions in non US entity question Interest at Maturity answer CD- borrowing by banks from investors Federal Funds- borrowing by banks from banks Repo- borrowing financial assets as collaterol question Book Entry: answer […]

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Money, Banking, and Finance

question MAP Using information on the flowchart, which group makes decisions about the growth of the money supply and the level of interest rates answer The Federal open market committee question MAP Chicago district is represented by which number on the map answer 7 question MAP The information shown in the graft on the personal […]

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Finance 365 Ch 3

question True answer Finance companies differ from banks in that they do not accept deposits. question False answer Finance companies have been among the slowest growing FI groups in recent years question True answer Sales finance institutions provide financing to customers of specific retailers. question False answer Personal credit institutions specialize in making equipment leases […]

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Managerial Finance Test 3

question What is not a valid reason for holding cash? answer To earn the highest return possible. question The problem with stretching out the maturity of marketable securities is that answer There is a greater possibility of loss. question Companies that are mostly influenced by seasonal sales have to make a choice between answer Seasonal […]

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PERSONAL FINANCE FINAL

question consumer answer a person or organization that buys/uses goods or services question financial literacy answer the knowledge and skills necessary to be an informed consumer and manage finances effectively question credit answer the granting of a loan and the creation of a debt; any form of deffered payment question loan answer a debt evidenced […]

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Finance Chapter 1 Review

question consumer answer a person or organization that uses a product or service question credit answer the granting of a loan and the creation of debt; any form of deferred payment question debt answer an obligation of repayment owed by one party (the debtor/borrower) to a second party (creditor/lender) question economy answer a system by […]

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Personal Finance 101 Exam 3 Ball State University

question Which of the following is a federal loan program that offers the best interest rates of all the federal loan programs? answer Perkins Loans question Which of the following is not correct about investment planning and management? answer Asset allocation is the process of allotting your portfolio among four major asset classes: stocks, credit […]

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Personal Finance Chapter 3

question home equity answer Which type of loan can be used for debt consolidation? question When using credit, one spends more answer Which of the following is TRUE about using credit? question Visa, Student Loan, Car, Home Equity loan answer Kevin has the following debts: Home Equity Loan, $24,000; Visa, $1,200; Student Loan, $5,000; Car, […]

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