Question
2. Financial planning can help us to a. control inflation. b. spend wisely. c. control unemployment rates. d. a and b. e. a, b, and
2. Financial planning can help us to
a. | control inflation. |
b. | spend wisely. |
c. | control unemployment rates. |
d. | a and b. |
e. | a, b, and c. |
8. The federal income tax is
a. | integrative. |
b. | regressive. |
c. | progressive. |
d. | flat rate. |
e. | none of the above. |
14. Which of the following would be an appropriate savings vehicle if you expected interest rates to fall over the next few months?
a. | money market deposit account |
b. | money market mutual fund |
c. | certificate of deposit |
d. | Series EE US savings bond |
e. | a and b |
15. Janice Sanders plans on saving $12,000 for 3 years until she returns to college for her master's degree in personal financial planning. She would like to receive a fixed rate of return over that period. Which of the following would you recommend?
a. | money market deposit account |
b. | 1-year certificate of deposit |
c. | 3-year certificate of deposit |
d. | Series EE US savings bond |
e. | b or c |
16. Appropriate reasons to use credit include for
a. | convenience. |
b. | durable expenses. |
c. | investments. |
d. | emergencies. |
e. | all of the above |
19. ____ would be a proper use of credit.
a. | Purchase of a house |
b. | A financial emergency |
c. | Shopping convenience |
d. | Investing |
e. | All of these |
20. ____ is a benefit of borrowing.
a. | The ability to buy expensive goods while spreading the payments over time |
b. | Providing payments that fit into a budget |
c. | Having a permanent record of transactions |
d. | Being able to purchase goods and services when checks are not acceptable |
e. | All of these are benefits. |
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