1) Needs and wants should both be considered necessities.
2) Effective career planning will help you identify an employment pathway that aligns
your interests and abilities with the tasks expected.
3) The discounted cash-flow method is an effective way to estimate the value or selling
price of a real estate investment.
4) If you make the minimum payment on a credit card account, it will take about six
years to pay off the balance even if the card is never used again.
5) An increasing number of people are using the Internet to shop for appliances,
vehicles, furniture, and other “big ticket” items.
6) When you apply for a mortgage loan you usually have the option of locking-in the
rate at the time the loan is approved or accepting the rate in effect at the time of the
closing.
7) A living will is a written statement indicating that its signer does not wish
extraordinary medical measures to be taken if he or she has no reasonable expectation
of recovery from a desperate medical problem.
8) In most cases, you should not turn down a job offer without taking a day or two to
think it over.
9) The information about you contained in credit bureau files is one of the most
important aspects of your financial life.
10) The dividend income on preferred stock is generally fixed and limited to a stated
amount per share.
11) The interest and dividends that a mutual fund earns are paid out to shareholders as
current income distributions.
12) Life insurance proceeds are nontaxable to the beneficiary.
13) A mutual fund buys and sells its shares at NAV, plus or minus any sales charges or
fees.
14) Adjustments are referred to as above-the-line deductions because they may be
subtracted from gross income regardless of whether the taxpayer itemizes deductions or
takes the standard deduction amount.
15) A “best buy” is the product with the lowest price you can find.
16) Since homemakers do not have money income, no financial loss results from the
premature death of a homemaker.
17) Written receipts are not required when using an ATM or a POS terminal.
18) A secondary function of a rsum is to provide a basis for screening applicants out of
contention for a job.
19) Funds placed in regular investment accounts are referred to as pre-tax money.
20) Interest rates on home mortgages and other loans tend to fall during times of high
inflation.
21) Most real estate agents are legally obligated to the buyer of a home.
22) The preferred stage of the economic cycle is the contraction phase.
23) It is time to sell a stock when the share price is much lower than what you believe
the company is worth.