Question 1
If a bond is purchased at a price below the face value, the yield to maturity is:
greater than the stated interest rate.
the same as the stated interest rate.
less than the stated interest rate.
zero.
of no significance.
Question 2
A long-term technique used by investors who purchase an equal dollar amount of the same stock at equal intervals in time is called:
dollar cost averaging.
dividend reinvestment plan.
buy and hold technique.
regulated transaction.
secured transaction.
Question 3
A stock that sells for less than $1 per share is called a:
fractional stock.
penny stock.
dollar stock.
ten-dollar stock.
bad investment.
Question 4
Which one of the following expenditures for retirees is likely to decrease?
clothing expenses
insurance expenses
medical expenses
expenses for leisure activities
gifts and contributions
Question 5
During your retirement, your employer’s health insurance plan and Medicare will cover your medical expenses.
false
true
Question 6
What is likely to be an individual’s single biggest asset?
Their automobile
Their jewelry
Their bank account
Their home
None of the choices
Question 7
With an open-end credit, you pay back one-time loans in a specified period of time in equal amounts.
false
true
Question 8
Which of the following is most likely not a valid reason for using credit?
Borrowing for a stay in a hospital because of appendicitis
Borrowing to purchase a car so that you can go to work full time
Borrowing to buy a printer for your home office now because you now it will be twice as expensive in two years
Borrowing to pay for your expensive dinner and movie every week
All of the choices are valid reasons for using credit
Question 9
Gordon Carey uses his Visa card to purchase a new digital camera and lens. What type of credit did Gordon use?
Installment sales credit
Installment cash credit
Single lump sum credit
Revolving credit
Incidental credit
Question 10
For most mutual funds, the net asset value is calculated:
yearly.
quarterly.
weekly.
daily.
whenever an investor calls and requests a price quote.
Question 11
Which of the following is an advantage of an exchange traded fund (EFT)?
No minimum investment amount
Shares can be bought and sold through a broker at any time at the current price
Management fees are often lower
Can use limit orders to purchase EFTs
All of the choices are advantages of EFTs
Question 12
For a mutual fund, the turnover ratio measures:
the length of time a manager has been in charge of the fund.
the amount of profit the fund earns from one investment period to the next.
the number of months the average investor holds the fund before selling.
the percentage of a fund’s holdings that have changed during a 12-month period.
the percentage of institutional investors who own the fund.
Question 13
Grady Perdue has assets worth $1,500,000 and has written a legal document that specifies that all of his money go to his children. After he dies, there is a legal process to determine whether his document specifying how his assets be divided is valid. This is also the legal process by which his executor manages and distributes his property. What is this legal process called?
An estate
A will
A trust
Probate
None of the choices
Question 14
A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
revocable
irrevocable
insurance
Question 15
A legal document authorizing someone to act on your behalf is called a:
codicil.
rider.
power of attorney.
trustor.
proxy.
Question 16
A prime reason for buying an annuity is to:
save money for college education
start a new business
accumulate funds to invest in stocks
give you retirement income for the rest of your life
get rich quick
Question 17
Who has the greatest need for life insurance?
households with small children
singles living alone
singles living with parents
dual income couple
children
Question 18
Jerry Lewis is thinking about purchasing some life insurance. He goes to a company that is owned by shareholders. What type of life insurance company has he gone to?
A stock life insurance company
A debt life insurance company
A mutual life insurance company
An exclusionary life insurance company
None of the choices
Question 19
Automobile liability insurance covers the insured when he or she is held responsible for losses suffered by others.
True
False
Question 20
In times of high inflation, personal incomes generally keep up with the rate of inflation.
True
False
Question 21
Similar to corporate shareholders, holders of mutual funds have a say in running the company, since they have equity interest in the pool of assets and a residual claim on the profits.
True
False
Question 22
Savings is the accumulation of excess funds by intentionally spending less than you earn.
True
False
Question 23
A business cycle is a pattern of economic activity that includes an expansion, peak, contraction, and trough.
True
False
Question 24
High-demand occupations tend to pay low salaries.
True
False
Question 25
The most expensive loans are available from:
parents.
friends.
banks.
finance companies.
credit unions.
Question 26
Frank Wert wants to get a lower interest rate on his loan for the purchase of a new boat. He uses the boat as collateral for the loan. In which way is Frank reducing his lender’s risk?
He is sharing the interest rate risk with his lender
He is pledging valuable assets that can be seized if the loan is not repaid
He is taking a larger stake in the asset he is purchasing
He is repaying the loan over a faster period of time
None of the choices
Question 27
There are no costs involved in filing for a bankruptcy.
false
true
Question 28
Kevin Brown rides his bicycle to work so that he doesn’t have to worry about getting in a car accident. How is Kevin managing his risk?
Risk Avoidance
Risk Reduction
Risk Assumption
Risk Shifting
Risk Creation
Question 29
Negligence refers to:
failure to take ordinary and reasonable care.
cancellation of insurance.
property damage.
high risk insurance coverage.
common hazards in our society.
Question 30
Using a home security system is an example of ____________ risk.
shifting
accepting
reducing
sharing
transferring
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.
Essays
At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.
Admissions
Thesis Writing Service
Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?
Editing
Custom Papers
Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.
Coursework
Essay Writing
Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.
Coursework
Coourse Work Writing
Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !
Coursework
Dissertation Writing Service
High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.