1)
The primary reason people buy a vacation home is:
A.to use as a family vacation retreat.
B.for tax reasons.
C.for rental income.
D.for their grown children to live in.
E.to eventually use it as their primary residence.
2)
Which of the following assets owned by a company can be used to secure a mortgage
bond?
A.Real estate
B.Bonds
C.Stocks
D.Operating equipment
E.All of these owned assets can be used to secure a mortgage bond.
3)
A ____________ resume is designed to obtain a specific job.
A.functional
B.chronological
C.goal-oriented
D.targeted
E.data
4)
What is the rate that the Federal Reserve charges banks for loans called?
A.Prime rate
B.Discount rate
C.Mortgage rate
D.Treasury bond rate
E.Corporate bond rate
5)
Items that you own with a monetary worth are referred to as:
A.liabilities.
B.variable expenses.
C.net worth.
D.income.
6)
Which of the following expenses is paid from an escrow account?
A.Title insurance
B.Property insurance
C.Points
D.Loan application fee
E.Real estate agent’s commission
7)
Increased liability insurance is available with:
A.an umbrella policy.
B.a personal property floater.
C.an endorsement.
D.a coinsurance clause.
E.All of these
8)
In addition to department stores, where else is a good place to obtain your first credit
card?
A.Banks
B.Credit unions
C.Savings and loans associations
D.Gasoline companies
E.Investment companies
9)
The Social Security Administration estimates that what percent of individuals age 65
and older would live in poverty without Social Security benefits?
A.18
B.23
C.37
D.41
E.47
10)
The first gold bullion coin ever produced by the U.S. government was issued in what
year?
A.1963
B.1968
C.1975
D.1980
E.1986
11)
It is suggested that for young investors, ____ percent of their investment portfolio
allocated to large-cap stocks.
A.30
B.40
C.50
D.60
E.70
12)
Collection agencies are allowed to:
A.contact you at your place of employment.
B.contact you as early as 8 am.
C.say that you will be arrested if you don’t pay the debt.
D.harass you.
E.threaten harm to you or your family.
13)
Approximately how many credit card users would be classified as “convenience users”
who generally pay off their balances in full each month?
A.20%
B.33%
C.45%
D.50%
E.70%
14)
The full Social Security benefit for a spouse is what percent of the retired worker’s full
benefit?
A.25
B.40
C.50
D.65
E.80
15)
Ms. Nelson is a single mom with three children; Dana is 18 and a high school senior,
Derrick is 20 and a college sophomore, and Tonya is 25 and unemployed. All three
children live at home. How many exemptions can Ms. Nelson claim on her tax return?
A.1
B.2
C.3
D.4
E.0
16)
A very safe investment that generally attracts conservative investors is called a(n)
____________ stock.
A.penny
B.cyclical
C.growth
D.small cap
E.blue chip
17)
Federal tax-deferred employee benefits are:
A.not subject to federal income tax.
B.not subject to state income tax.
C.taxed at some future time.
D.are taxed at a special rate.
18)
Larry Foster has bought a car with front and side airbags and antilock brakes. How is
Larry managing his risk?
A.Avoidance
B.Reduction
C.Assumption
D.Shifting
E.Development