Question 1

A period of declining productivity lasting less than half a year is called __________.

Select one:

a.the gross domestic product.

b.a depression.

c.a recession.

d.an expansion.

e.a contraction.

Question2

The relationship between the passage of time and the value of assets is called __________.

Select one:

a.the time value of money.

b.liquidity.

c.present value.

d.future value.

e.nominative value.

Question3

Automobile insurance coverage for financial losses of people in the other car injured in an accident one cause is called __________.

Select one:

a.property damage liability.

b.bodily injury liability.

c.comprehensive physical damage.

d.medical payments coverage.

e.uninsuredmotoristsprotection.

question 4

Hazards covered by the homeowner's policy include all the following EXCEPT __________.

Select one:

a.explosions.

b.floods and earthquakes.

c.riots.

d.smoke damage.

e.damage caused by aircraft or vehicles.

Question5

A budget for short-term goals involving recurring items is called a/an __________.

Select one:

a.operating budget.

b.comprehensive budget.

c.capital budget.

d.a. and b.

e.a., b., and c.

Question6

When the expenses are greater than the income onehave __________.

Select one:

a.sufficient cash to cover expenses.

b.more capital to sell.

c.a budget deficit.

d.a budget surplus.

e.reduced consumption.

Question7

A fund of real estate holdings that can be privately held or publicly traded on an exchange is a __________.

Select one:

a.syndicate.

b.limited partnership.

c.real estate investment trust.

d.direct investment fund.

e.mortgage-backed fund.

Question8

The costs of operating a car include all the following EXCEPT __________.

Select one:

a.price.

b.fuel.

c.maintenance and repair.

d.property taxes.

e.insurance and registration.

Question9

To avoid unwelcome adjustments, we should __________.

Select one:

a.be conservative in your expectations.

b.stick with long-term goals.

c.redo your budget each week.

d.switch to less desirable choices.

Question10

The Consumer Price Index is a measure of __________.

Select one:

a.recession.

b.inflation.

c.purchasing power.

d.GDP.

e.consumption.