1) An employee stock-ownership plan allows the employees to regularly purchase
shares of stock in the company at discounted prices.
2) A low asset-to-debt ratio is a positive indicator of financial well-being.
3) The number of credits you earn determines the dollar amount of your Social Security
benefits.
4) Using the income for life settlement option, a younger beneficiary would receive a
larger annual benefit than an older beneficiary, other factors being equal.
5) Stocks that rise and fall in value in tandem with the economy as a whole are said to
be countercyclical..
6) Closing credit card accounts will increase your credit score.
7) It is illegal to prepay the next year’s professional association dues and take the
deduction this year.
8) Raw land and residential lots are the safest forms of real estate investment.
9) The purpose of life insurance is to protect the person on whose life an insurance
policy is issued.
10) When a person makes a purchase on credit with no cash passing between the
borrower and the lender, this is called a cash loan.