1)
Which type of government agencies publish materials to assist consumers with buying
decisions and financial planning?
A.Federal
B.Local
C.State
D.All of these
E.None of these
2)
A REIT is a firm that pools investor funds and invests them in real estate or uses them
to make what kind of loans?
A.New car loans
B.Construction loans
C.Mortgage loans
D.Both construction and mortgage loans
E.Car, construction, and mortgage loans
3)
Which types of problems are least likely to be covered by a home buyer warranty?
A.Structural
B.Wiring
C.Plumbing
D.Heating/cooling
E.Appliance
4)
A request that an order be executed at the next available opportunity after the market
price of the stock reaches a specified price is called a ____________ order.
A.market
B.limit
C.stop
D.round
E.discretionary
5)
What is(are) the signal(s) of potential debt problems?
A.Paying only the minimum balance each month
B.Missing payments or paying late
C.Using savings to pay normal bills
D.Depending on overtime to meet normal expenses
E.All of these are danger signals
6)
The average credit card debt for college students is:
A.$1,400.
B.$2,200.
C.$3,500.
D.$7,000.
E.$10,000.
7)
What type of warranty covers only certain aspects of the product, such as parts, or
requires the buyer to incur part of the costs for shipping or repairs?
A.Limited warranty
B.Full warranty
C.Implied warranty
D.Warranty of title
E.Express warranty
8)
Which one of the following states does not have a general sales tax?
A.Virginia
B.Maryland
C.Texas
D.Alaska
E.Michigan
9)
In 2012, the highest percentage of health care dollars went toward which category?
A.Physical/clinical services
B.Hospital care
C.Prescription drugs
D.Home health
E.Nursing home care
10)
Renter’s insurance would include coverage for:
A.flood damage.
B.personal property.
C.building and other structures.
D.umbrella liability.
E.earthquake damage.
11)
This type of savings plan is usually considered to be very liquid:
A.Bonds
B.Stocks
C.Certificate of deposit
D.Regular savings account
E.All of these
12)
According to Moody’s, bonds with extremely poor prospects of attaining any real
investment standing are rated:
A.A-.
B.B-.
C.C.
D.E.
13)
A decrease in net worth could be the result of:
A.income exceeding expenses for a month.
B.expenses exceeding income for a month.
C.assets exceeding expenses.
D.increased earnings on the job.
E.income and expenses being equal for a month.
14)
A type of bond that is generally issued by corporations in foreign countries, but is no
longer issued by U.S. corporations is called a:
A.registered bond.
B.bearer bond.
C.registered coupon bond.
D.serial bond.
E.mortgage bond.