Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
A _____ is one where a worker is expected to represent their employer on call day and
night.
a.career
b.STEM career
c.internship
d.no-limits job
The most diversified type of depository institutions is
A.credit unions.
B.savings associations.
C.commercial banks.
D.finance companies.
E.mutual funds.
If the net proceeds are greater than the gross proceeds in an underwritten offering, then
A.the investment banker made a profit on the spread.
B.the issuing company underpriced its securities.
C.the issue fails to occur.
D.the SEC rescinds the issue.
E.none of the options
Long-term disability income insurance is probably the type of insurance most often
overlooked by individuals and families.
a.True
b.False
The provision of banking services to other banks, such as check clearing, foreign
exchange trading, and so forth, is an example of
A.correspondent banking.
B.trust services.
C.off-balance-sheet assets.
D.economies of scope.
E.credit derivatives.
An investor requires a 3 percent increase in purchasing power in order to induce her to
lend. She expects inflation to be 2 percent next year. The nominal rate she must charge
is about
A.1 percent.
B.5 percent.
C.2 percent.
D.3 percent.
E.7 percent.
Refer to Figure 14-3. What was QPZ's latest quarterly dividend?
Figure 14-3
Use the following stock listing for transactions on December 12 to answer the
questions:
[ED: the red colored cells must be merged and the word €net€ deleted]
NARREND
a.$1.20 per share
b.$0.70 per share
c.$0.30 per share
d.$0.075 per share
Kerri and Jason Smith have an adjusted gross income of $55,000. During the year they
incurred unreimbursed expenses of $500 on prescription drugs, $2,506 on doctor and
dentist bills, $1,200 on health insurance premiums, and $150 on medical related
transportation costs. Assuming they have enough total itemized deductions to itemize,
how much will they be allowed to deduct for these unreimbursed medical expenses?
a.$0
b.$3,156
c.$3,856
d.$4,356
Individuals who enter into, change and cancel insurance policies on behalf of an
insurance company that they represent are referred to as insurance
a.brokers.
b.agents.
c.facilitators.
d.underwriters
A technique used by an auto salesperson whereby an artificially low price is agreed
upon verbally but the salesperson claims a higher price is needed when it comes time to
finalize the sale on paper by claiming that he/she could not get approval for the original
price is called
a.a dealer holdback.
b.high-balling.
c.low-balling.
d.a rebate.
A 90-day T-bill is selling for $9,900. The par is $10,000. The effective annual return on
the T-bill is (watch your rounding) (10,000/9,900)(365/90) - 1
A.4.00 percent.
B.4.16 percent.
C.4.10 percent.
D.4.04 percent.
E.4.21 percent.
A ____ does not take effect until a specified event occurs, usually physical or mental
incapacitation.
a.durable power of attorney
b.limited power of attorney
c.trust estate
d.partnership theory of marriage rights
A penalty APR is a high interest rate that is assessed whenever a borrower fails to
uphold certain rules of the account.
a.True
b.False
Both alimony and child support received are considered part of gross income for
income tax purposes.
a.True
b.False
A student who has lost group health care coverage under his or her parent's employer
group plan due to the parent leaving the job is eligible to continue coverage through
COBRA rights.
a.True
b.False
