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1)
Which of the following would be an advantage of leasing a vehicle?
A.Automatic ownership interest in the car
B.Unlimited mileage on the car
C.No need to meet credit requirements
D.Lease payments are likely to be lower than loan payments
E.All of these are advantages.
2)
For an entry-level position, a person's resume is likely to be:
A.one page.
B.two pages.
C.three pages.
D.four pages.
E.five or more pages depending on experiences.
3)
Factors that affect a person's filing status include marital status and:
A.employment status.
B.age.
C.occupation.
D.dependents.
E.place of residence.
4)
Most cars bought from private parties have:
A.no implied warranties.
B.a 30-day return privilege.
C.a limited warranty.
D.no express warranty.
E.a government-supported repair guarantee.
5)
Which of the following is an example of a closing cost?
A.Home inspection fees
B.Realtor fees
C.Earnest money
D.Title insurance
E.Down payment
6)
Which is correct with respect to life expectancy?
A.Men have a long life expectancy than women at any age.
B.There is no difference in life expectancy between men and women.
C.Women have a longer life expectancy than men.
D.There is no difference in life expectancy among racial groups in the U.S.
E.None of these statements is correct.
7)
Ownership of an individual housing unit in a building is commonly called:
A.a cooperative.
B.modular housing.
C.manufactured housing.
D.a condominium.
E.zoned housing.
8)
Which of the following is an example of the type of information that you would not
include on a resume unless it applies to specific job qualifications?
A.Name
B.Address
C.Height and weight
D.E-mail address
E.Phone number
9)
The yield to maturity takes into account the relationship between all of the following
factors, except:
A.tax rate.
B.maturity value.
C.time to maturity.
D.current price.
10)
Which of the following assets would typically be included in an asset allocation fund?
A.Stocks
B.Bonds
C.Fixed-income securities
D.Money market instruments
E.All of these would typically be part of an asset allocation fund.
11)
A credit purchase with 24 monthly payments of $78 and a down payment of $120
would have a total cost of:
A.$1,632
B.$1,752
C.$1,872
D.$1,992
E.$2,120
12)
If you receive a phone call from a debt collector, s/he must send you a written notice
within ____________ days.
A.5
B.10
C.15
D.20
E.30
13)
A mutual fund in which no sales charge is paid by the individual investor is called a(n)
____________ fund.
A.closed-end
B.open-end
C.load
D.no-load
E.convertible
14)
Which of the following professional advisory services may charge a fee for you to
access the more detailed information that may be needed to evaluate a stock
investment?
A.Value Line
B.Morningstar
C.Yahoo! Finance
D.Value Line and Morningstar
E.Value Line, Morningstar, and Yahoo! Finance
15)
Which of the following is usually the largest fixed expense for a new vehicle?
A.Insurance
B.Gasoline
C.Registration, license, and fees
D.Parking
E.Depreciation
16)
Which type of home is most apt to depreciate in value?
A.Cooperative
B.Mobile home
C.Condominium
D.Duplex
E.Previously-owned single family home
17)
The basic unit of gold bullion is one:
A.kilogram.
B.troy ounce.
C.pound.
D.ton.
E.wafer.
18)
Property losses can be categorized into destruction of property, and losses due to:
A.robbery.
B.burglary.
C.vandalism.
D.arson.
E.All of these
19)
When more than one payment is made on a simple interest loan, the method of
computing interest is known as the:
A.add-on interest method.
B.average daily balance method.
C.adjusted balance method.
D.declining balance method.
E.previous balance method.
20) The American Taxpayer Relief Act of 2012 provides a permanent gift and estate tax
exemption of how much for individuals?
A.$2.0 million
B.$4.5 million
C.$5.25 million
D.$6.75 million
E.$8.0 million
