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159. Luke and Beth were recently married soon after graduating from college. Although they
incurred a significant amount of debt to finance their education, both recently got good-paying
jobs and appear to have promising careers. Given their situation, down the road Luke and Beth:
160. Romeo and Juliet are experiencing marriage difficulties regarding money. One technique
to help them control and forecast their future financial situation, as well as allow them to achieve
their financial goals, would be to prepare a(n):
161. Lucy has prepared her personal balance sheet and found that her total assets are
$54,000 and her total liabilities (largely college loans) are $48,000. This indicates that Lucy's:
162. John is considering starting his degree in business this semester at State University. John
will likely find that:
163. The path to success in a capitalist system is to:
164. In order to accumulate capital, young adults are likely to have to:
165. The key to generating enough capital for investment for many individuals is to:
166. Investing in a home is generally considered a:
167. Which of the following is a benefit of buying a home rather than renting?
168. Buying a _______ is often an attractive strategy for young couples, since they can live in
one unit and rent the other half to supplement their income, while taking tax deductions on
interest and real estate taxes.
169. The goal of accumulating capital is to allow an individual to:
170. Real estate people agree that the key to getting the optimum return on the purchase of a
home is:
171. About _______ of all U.S. households own stock in corporations.
172. According to contrarians, the big decline in the stock market during the early 2000s was:
173. Real estate taxes and mortgage interest payments are both:
174. The total cost of purchasing a stereo or television with cash is ________ the cost when
using credit cards to finance the same assets.
175. A benefit of using credit cards is that they:
176. When purchasing with a credit card, it's important to remember that ________ if you do
not pay the balance in full within a stated time period.
177. One disadvantage of having credit cards for personal use is that:
178. Which of the following is a benefit unique to buying a duplex, as opposed to the purchase
of a single-family home?
179. The factor likely to have the greatest impact on how fast the value of a home appreciates
over time is the:
180. Mortgage interest payments and property taxes are:
181. The greatest return over a period of several years is likely to be earned by investing in a:
182. For a young person, one of the worst places to invest money for the long-term is:
183. From a financial viewpoint, it is best to buy a:
184. Which of the following is true of credit cards?
185. Slobo is an immigrant to the United States from a formerly communist country. He is
searching for advice to help him succeed in a capitalist system. He would be well advised to:
186. Bonnie and Clyde are newly married college graduates. Both have jobs with bright
futures. One strategy that they could use to accumulate capital for investment purposes, would
be to:
187. Which of the following is an advantage of home ownership?
188. During her sophomore year in college Melody received a letter indicating she was eligible
for a credit card along with a free gift from Metro State Bank. Melody was really excited until she
remembered that any cash she has usually "burns a hole" in her pocket. Melody would likely not
be successful with a credit card because:
189. Given a 25% tax bracket, the after-tax cost of a house mortgage interest payment of
$1,000 would be:
