1) In most jurisdictions, landlords are prohibited from harrassing tenants who report
violations of building codes or other tenant rights..
2) The Fair Credit Reporting Act requires that reports contain accurate, relevant, and
recent information, and that only bona fide users be permitted to review a file for
approved purposes.
3) A short-term capital gain (or loss) occurs when the asset is held for one year or less.
4) All of your employment income is subject to the Medicare tax.
5) It is a smart move to consolidate all your student loans into one loan once you
graduate from college.
6) Most mutual funds are managed funds.
7) In no-fault states, the insurance company’s rights to subrogate may be limited.
8) Small oil exploration businesses, game companies, and genetic engineering firms are
examples of speculative companies.
9) Ownership investments are more vulnerable to deflation risk than lending
investments.
10) If you borrow the cash value of your life insurance policy, any amount owed will be
subtracted from the face amount of the policy should you die.
11) Traveler’s check companies guarantee replacement of lost checks if their serial
numbers are identified.
12) It is wise to make a list of all damages and defects in an apartment before moving in
and when moving out.
13) To make realistic estimates of income and expenses, reliable financial information
is critical. The more accurate the estimates, the more effective the budget.
14) Funds on deposit in a savings account are considered time deposits rather than
demand deposits.
15) Risk reduction generally includes the use of insurance.
16) A tenancy by the entirety account may be opened only by spouses.
17) A credit card holder is not responsible for any fraudulent usage that occurs after he
or she notifies the issuer of the loss.
18) If you have an automatic overdraft loan agreement with your bank, money will be
borrowed from your MasterCard or Visa as a cash advance when you write a bad check.
19) Capital gains on real estate are realized through price depreciation.
20) The Fair Credit Billing Act limits a cardholder’s credit card liability for lost or
stolen credit cards.
21) You should review your credit bureau report at least once every three years.
22) The long-term (ten or more years) annual average return on different types of
diversified stock mutual funds varies widely.
23) The beneficiary retains all rights and privileges granted by a life insurance policy,
including the right to amend the policy and the right to designate who receives the
proceeds.
24) If you save well for your retirement, Social Security will only contribute about 40
percent of your retirement income.
25) One receives an actual title to property with the right-to-use purchase of a
timeshare.