I have children icons over the age of 60 have adequate savings and income voble to them duri 26. Today, most Americans over the age of 65 has TRUE or FALSE 2 financial planning can help you use your current income to achieve your long term TRUE or FALSE crease in inflation will cause investors to require a higher rate of return on an asset 28. All else being equal, an increase in inflation will cause investors to require a higher rot TRUE or FALSE 29. Net income is used in calculating one's net worth TRUE or FALSE 30. An income statement tracks the amount of money you have coming in and going out over some period of time. such as a month or a year. TRUE or FALSE 31. Having negative net income, every once in a while, is not such a bad thing as long as you have planned for it TRUE or FALSE 32. The present value of a financial asset is what you should be willing to pay today for that financial asset. TRUE or FALSE 33. It is pretty easy to create a valuable personal financial plan without understanding the time value of money principle. TRUE or FALSE 34. The future value of a current investment earning a positive rate of return is always greater than the present value of the investment. TRUE or FALSE 35. In an amortized loan the earlier payments have a larger portion of the payment going to pay interest and a smaller portion of the payment to pay down the principle. TRUE or FALSE 36. Adjusted gross income is your total gross income adjusted for inflation. TRUE or FALSE 37. Social Security is a voluntary insurance comodministered by the federal and your family in the event of death, disability, health problems, or retirement TRUE or FALSE het gro tere 38. When you automate your savings, you are less likely to spend these dollars b the funds in your checking account. TRUE or FALSE ut they never become of 39. With online banking, you can access your mobile phone, and devices. TRUE or FALSE counts and conduct business Transactions through the meet your 40. T-bills are extremely safe investments, having been issued by the federal government TRUE or FALSE 41. A debit card is something of a cross between a credit card and a checking account TRUE or FALSE 42. One of the unpleasant secrets of using your credit card for a cash advance is that the APR on the throne is typically lower than the APR for normal purchases. TRUE or FALSE 43. Your credit card company is required to send you a notice 45 days before they can increase your interest rate, change certain fees (such as annual fees, cash-advance fees, and late fees), or make other significant changes to the terms of your card. TRUE or FALSE 44. It is against the law for your potential employer to use your credit score for employment consideration TRUE or FALSE 45. People with high credit card balances still need to invest money on a regular basis. TRUE or FALSE 46. Lenders tend to like to see borrowers put down large down payments for loans because this is seen as increasing the borrower's desire to pay off the loan since the borrower now has equity in the collateral. TRUE or FALSE 47. The interest that you pay on your student loans will lower your taxable income if you meet IRS guidelines. TRUE or FALSE 48. Carrying credit cards can increase impulse purchasing. TRUE or FALSE 49. A 48-month lease on a car with a 36-month manufacturer's warranty is a gamble. TRUE or FALSE