1) The term money market account describes a variety of high-interest earning accounts
that normally have unlimited check-writing privileges.
2) The need for life insurance is high until your first child is born.
3) When you write your will you are named in the will as the executor.
4) The first step in negotiating a new vehicle purchase is to obtain a firm commitment
for your trade-in.
5) Many experts recommend that people should have assets equal to one year’s
expenses in emergency cash reserves.
6) All insurance is sold and serviced through insurance agents.
7) The IRS requires that withdrawals from traditional IRAs begin no later than age 65 .
8) The use of automated teller machines is recommended as a valid method of
controlling expenditures.
9) A mutual fund whose objective focuses on growth in the value of the securities
invests in companies expected to show average or better growth with steady or rising
dividends.
10) When faced with a financial problem, you should withdraw money from your
retirement plan.