1)
For government bonds, the price that a dealer is willing to pay for a government
security is called the:
A.dirty price.
B.asked price.
C.bid price.
D.clean price.
2) A simple will, which leaves everything to the spouse, is also sometimes called a(n):
A.traditional marital share will.
B.exemption trust will.
C.I love you will.
D.stated dollar amount will.
E.None of these.
3)
The main sources of networking include the following:
A.community organizations
B.professional associates
C.business contacts
D.all of these
E.none of these
4)
Some experts claim that credit life insurance policies are:
A.a huge rip-off.
B.the best buys.
C.useful for creditors and debtors alike.
D.less expensive than term life insurance.
E.an excellent investment.
5)
Health insurance is available from:
A.private insurance companies.
B.Blue Cross and Blue Shield.
C.HMOs.
D.PPOs.
E.All of these.
6)
Advertising is a type of consumer information commonly provided by:
A.government agencies.
B.personal contacts.
C.independent testing organizations.
D.business organizations.
E.All of these.
7) Which statement is not true about a formal will?
A.It is usually prepared without an attorney’s assistance.
B.It may be typed.
C.It may be on a preprinted form.
D.You must sign it in the presence of two witnesses.
E.It must also be signed by the witnesses.
8)
Which of the following terms applies to a bond issue for which the issuer puts money
aside at regular intervals for the purpose of redeeming the bonds?
A.Serial
B.Default
C.Sinking fund
D.Low-coupon
E.Convertible
9)
The most commonly considered factor when selecting a home is the:
A.size of the home.
B.condition of the home.
C.location of the home.
D.local zoning laws.
E.current interest rates.
10)
A person borrows $200 from a payday loan company, and pays $10 interest for two
weeks. This would result in an annual interest rate of approximately ___ percent. Ignore
compounding.
A.260
B.130
C.40
D.20
E.5
11)
More recently, the annual price increase for most goods and services as measured by the
consumer price index has been less than ____ percent.
A.1
B.2
C.3
D.4
E.5
12)
An example of an economic buying influence would be:
A.family size.
B.inflation.
C.advertising.
D.hobbies.
E.place of residence.
13)
What percent of Americans ages 65 to 74 are still in the workforce?
A.20
B.38
C.41
D.58
E.67
14)
Peril is defined as:
A.the refusal by an insurance company to pay for a loss.
B.the cause of risk.
C.the cause of a possible loss.
D.an uncertainty as to loss.
E.safety.
15)
Series EE bonds continue to earn interest for how many years?
A.10
B.20
C.25
D.30
E.35