You can help yourself afford a longer benefit period under a disability income insurance
plan by selecting a longer
a.waiting period.
b.cost-of-living period.
c.recurring period.
d.Social Security period.
Late-payment fees of $25 are often applied when the borrower fails to make a payment
by the billing date.
a.True
b.False
As of December 2005, trading licenses are required to conduct trades on the floor of the
NYSE. Which of the following statements about these trading licenses is/are correct?
I. Licenses are auctioned off in a special type of auction called a Dutch auction.
II. The NYSE determines the minimum bid price.
III. The SEC determines the maximum bid price.
IV. Trading licenses are good for 10 years.
A.II and III only
B.I and II only
C.I and III only
D.II and IV only
E.I, II, III, and IV
A 10-year maturity coupon bond has a six-year duration. An equivalent 20-year bond
with the same coupon has a duration
A.equal to 12 years.
B.less than six years.
C.less than 12 years.
D.equal to six years.
E.greater than 20 years.
An investor is trying to decide between a muni paying 5.75 percent or an equivalent
taxable corporate paying 8.25 percent. What is the minimum marginal tax rate the
investor must have to consider buying the municipal bond?
A.80.00 percent
B.20.00 percent
C.25.00 percent
D.66.67 percent
E.30.00 percent
The Affordable Care Act provides that individuals and families may take a tax credit
called the
______ to help them purchase health insurance through a health insurance exchange.
a.Health insurance tax deduction
b.Modified Adjusted Gross Income (MAGI) Credit
c.Health Insurance Premium Tax Credit
d.American Opportunity Tax Credit
ATM transaction fees can be assessed when you make a purchase via a point-of-sale
terminal at a retail store.
a.True
b.False
Most of the contacts you make through professional networking will be in a position to
offer you a job.
a.True
b.False
Which of the following would normally be expected to result in an increase in the
supply of funds, all else equal?
I. The perceived riskiness of all investments decreases.
II. Expected inflation increases.
III. Current income and wealth levels increase.
IV. Near term spending needs of households increase as energy costs rise.
A.II and III only
B.I and IV only
C.I, II, III, and IV
D.I and III only
E.II, III, and IV only
Purchasing power is a measure of the goods and services that one’s income will buy.
a.True
b.False