All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
personal financial planning

Questions and Answers of Personal Financial Planning

7. You are considering whether to buy a whole life or a term life insurance policy. The death benefit will be the same for each policy.The premiums for the whole life policy will be $600 per year. In
6. You want a life insurance policy that will stay in effect for 10 years after you retire. However, you do not want to pay premiums after you retire. What type of policy should you buy?
5. You want to choose how part of the premiums you pay for life insurance will be invested. What type of policy should you buy?What risk do you face with this type of plan?
4. You want a life insurance policy on which the premiums will be as low as possible for the next 10 years. What type of insurance should you buy?
3. You want a health insurance plan that will provide coverage should you get cancer or some other disease or condition that might cost hundreds of thousands of dollars to treat. What type of policy
2. You want a health insurance plan that will pay 100 percent of covered medical expenses after a certain amount of money is paid toward medical expenses. What feature should you request?
1. You want a health insurance plan that will have low premiums and will allow you to self-insure for routine medical costs. What insurance plan feature should you request?
9. Why are premiums for a group life insurance policy lower than for an individual life insurance policy?
8. What is the face value of a life insurance policy?
7. What is the main difference between term and permanent life insurance?
6. List some reasons why people buy life insurance.
5. What is the purpose of disability insurance? How is short-term disability insurance different from long-term disability insurance?
4. What are some things you can do to help manage health care costs?
3. Describe the types of coverage available in health insurance plans.
2. What types of health insurance plans are available?
1. Why do many people need health insurance?
Explain the need for life insurance and types of life insurance coverage.
Explain the need for disability coverage and the types of plans available.
List ways you can lower costs and manage health care spending.
Describe types of coverage available in health insurance plans.
Explain the need for health insurance and the types of plans available.
4. Consider each possible risk that has serious consequences. List what you can do to (a) reduce risks, (b) avoid risks, (c) transfer risks, and/or (d) self-insure for the losses that you might
3. Think about and list the possible results if the risk events should happen.
2. Estimate the likelihood of those events occurring. Add this information to the chart.
1. Create a chart with the headings shown below. In the chart, list four risks that you face.
4. List four strategies for dealing with risk.
3. What is meant by risk assessment?
2. What are the three general types of risk discussed in this chapter?
1. What is risk?
Discuss four risk strategies?
Explain what is meant by risk assessment.
List the three types of risk.
Explain the concept of risk.
2. Find information for three types of bonds: I Bonds, EE Bonds, and HH Bonds. For each type, find the following information:The bond name A brief description of the bond The current interest rate
1. Visit the TreasuryDirect site. A link to the site is provided on the Web site for this textbook.
3. Compare the results of your findings for the three banks. Which bank do you think has the best overall plan or services for online banking? Why?
2. Visit the Web sites for three banks or credit unions, and learn about their online banking. Answer the following questions about each bank or credit union:What is the name of the bank?Is online
1. Work with a classmate to complete this activity. Access the Internet and enter the term online banking in a search engine. This search should return a list of several banks that have online
24. A(n) deducts money from an account and electronically transfers it to another party.
23. A(n) is money added to a checking or savings account.
22. A demand deposit called a(n) may have restrictions and/or penalties for taking out money.
21. An amount of money set aside (deposited or borrowed) on which interest is paid is called the .
20. A(n) is money deposited for a fixed amount of time at a fixed interest rate.
19. Actions of the Fed to influence money and credit conditions in the economy are called .
18. A check returned by the bank, called a(n) , was returned because there was not enough money in the account.
17. The is the rate banks are charged to borrow money from the Fed.
16. A(n) is a written order to a bank to pay the stated amount to the person or business named from a certain account.
15. A savings option called a(n) pays interest at the current market rate.
14. A(n) is a signature or instructions written on the back of a check authorizing a bank to cash or deposit the check.
13. The rate at which banks can borrow from the excess reserves of other banks is called the .
12. A check written with a future date is called a(n) .
11. A record for keeping track of checks written and deposits made is called a(n) .
10. The interest rate that banks charge to corporations, called the, is for the most creditworthy customers.
9. A bank service directing the bank not to honor a check is called a(n) .
8. A(n) is a check issued by a bank against its own funds.
7. is interest earned on both principal and previous interest earnings.
6. A(n) is a convenient way to pay bills if you do not have a checking account.
5. A discount bond issued through the United States government is called a(n) .
4. A demand deposit called a(n) allows you quick and easy access to your money without penalties.
3. A math formula called the is used to tell you how long it will take money earning a certain interest rate to double.
2. A bank card that allows the account holder to make purchases and to withdraw cash from an account at an ATM is called a(n) .
1. Money electronically added to your checking account is called a(n) .
3. Search for more information about the job you selected to answer these questions:What is the nature of the work this job involves?What is the job outlook for this job?What training or
2. Access the Occupational Outlook Handbook online. A link to the site is provided on the Web site for this textbook.
1. Choose a job in arts, A/V technology, or communications to explore further.Select a job from the list above, or choose another job in this career area.
3. Who is the chairman of the Federal Reserve System? Access the Internet and search for this information if you do not know the answer.
2. Refer to Figure 5-3.1 on page 147. In which city is the Federal Reserve bank that serves the area where you live?
1. The Federal Reserve System requires national banks to be members. There are also state-chartered banks and credit unions that are not required to join the Fed. Even though non-member banks do not
8. What is a bank reserve requirement?
7. What types of banks must be members of the Federal Reserve System? Are banks that are not members also regulated by the Fed?
6. How do open-market transactions for U.S. government securities affect the economy?
5. How does the Fed control the money supply in the United States?
4. What is the discount rate? The federal funds rate? The prime rate?
3. What is the meaning of the term monetary policy?
2. The Fed’s activities are in what four general areas?
1. What is the Fed? When was it created, and what is its purpose?
Identify the types of interest rates controlled by the Federal Reserve System.
Explain how the Federal Reserve System controls the banking industry.
Define monetary policy and discuss goals of U.S. monetary policy.
Describe the purpose of the Federal Reserve System.
3. Jessica is considering putting her money ($50) into a $100 paper U.S. savings bond. Assume the guaranteed rate of interest is 4 percent. How long will it take for the money to double (reach$100)?
2. Suki has placed $800 in an account that pays 4 percent interest compounded quarterly. What will be the balance in the account at the end of 2 years (8 quarters)? How much interest will Suki have
1. Selena has placed $500 in an account that pays simple interest of 5 percent annually. How much interest will Selena have earned by the end of the year?
10. List some other services banks may provide for customers in addition to checking and savings accounts.
9. What is the Rule of 72 that is related to saving?
8. How do the amount of time you have to save and the interest you can earn relate to achieving financial goals?
7. What is the purpose of an IRA? What types of companies offer IRAs?
6. Why is a U.S. savings bond considered a safe form of saving?
5. How do a certificate of deposit and a money market account differ from a regular savings account? How are they the same?
4. How does compound interest differ from simple interest?
3. What is the formula for calculating simple interest?
2. What is the sum of money set aside on which interest is paid called?
1. What is the purpose of a savings account?
List savings options and their advantages.
Compute interest on savings at a fixed interest rate.
Explain the purpose of savings.
7. Check your work. The adjusted bank statement balance and the adjusted checkbook register balance should be $382.29.
6. Reconcile the bank statement. Use the checkbook register you completed earlier. You can use the form provided or create a similar form using software such as Excel. Use September 3, 20--, as the
5. Open and print the PDF file CH05 Statement from the data files. This file contains a bank statement and a reconciliation form.
4. On August 31, complete the register and write a check for $12.35 to Fresh Cleaners for cleaning services. Sign your name to the check.

Showing 500 - 600 of 3748

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved