FC 806 Midterm

subject Type Homework Help
subject Pages 3
subject Words 380
subject Authors Jack Kapoor, Les Dlabay, Robert J. Hughes

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
1)
The process of establishing a monetary fund to cover the cost of a loss is called:
A.risk avoidance.
B.self-insurance.
C.risk shifting.
D.risk reduction.
E.endorsement.
2)
Up to what percent of your Social Security benefits may be subject to federal income
tax?
A.10
B.25
C.50
D.75
E.85
3)
Which type of life insurance is the least popular today?
A.Endowment life insurance
B.Credit life insurance
C.Group life insurance
D.Industrial life insurance
E.Universal life insurance
4)
Which of the following types of investment information can be found on the Internet?
A.Interest rates for certificates of deposit
B.Current price information for stocks, bonds, and mutual funds
C.Broker's buy and sell recommendations
D.Financial calculators
E.All of these
page-pf2
5)
The minimum commission charged by most brokerage firms for buying and selling
stock is between $5 and:
A.$10.
B.$25.
C.$35.
D.$40.
E.$55.
6)
During which phase of the home-buying process would you assess types of housing
units?
A.Price the property
B.Find and evaluate a property to purchase
C.Obtain financing
D.Determine home ownership needs
E.Close the purchase transaction
7)
Which type of debt would not be forgiven in a straight bankruptcy?
A.Credit card debt
B.Medical bills
C.Personal loans
D.Educational loans
E.Utility bills
8)
A large-cap stock is a stock issued by a company that has a capitalization in excess of
how much?
A.$10 billion
B.$20 billion
C.$30 billion
D.$40 billion
E.$50 billion
page-pf3
9)
Because you are young and healthy now, you may overlook the very real need for
which type of insurance?
A.Disability income
B.Automobile
C.Dental
D.Vision care
E.Liability
10)
There are about _____ exchange-traded funds.
A.25
B.50
C.150
D.775
E.1,000
11)
The highest bond rating issued by Moody's is:
A.AAA.
B.Aaa.
C.A+.
D.BB.
E.AA.

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.