1.Preferred stock is often referred to as a middle investment as it has features similar to
both common stock and corporate bonds.
Answer:TRUE2.The United States has the
lowest per capita medical expenditures of any industrialized country in the world.
Answer:FALSE3.Even though it is
expensive, you should add the accidental death benefit to any life insurance policy you
purchase.
Answer:FALSE4.The “family need” method
of determining life insurance need provides a thorough estimation of life insurance needs.
Answer:TRUE5.Physician expense insurance
is expensive, therefore, it should be avoided.
Answer:FALSE6.The fairest method of
calculating interest is the average daily balance method.
Answer:TRUE7.Over the last two decades,
the defined-benefit plan has continued to grow rapidly while the number of
defined-contribution plans has generally dropped.
Answer:FALSE8.Chapter 7 bankruptcy is
also known as straight bankruptcy.
Answer:TRUE9.Several federal government
agencies publish materials to assist consumers with buying decisions and financial
planning.
Answer:TRUE10.During inflationary times,
there is a risk that the financial return on an investment will not keep pace with the rate of
inflation.
Answer:TRUE11.When you decide to
redeem shares in an open-end mutual fund, the only option is to sell a specific number of
shares.
Answer:FALSE12.With an open-end credit,
you pay back one-time loans in a specified period of time in equal amounts.
Answer:FALSE13.Just about every worker is
adequately covered by disability income insurance.
Answer:FALSE