Question
You wish to own stock while keeping your risk as low as possible. Which of the following actions would accomplish this goal? Select one: a.
You wish to own stock while keeping your risk as low as possible. Which of the following actions would accomplish this goal?
Select one:
a. Purchasing shares of Exxon and GM on margin
b. Purchasing U.S. Treasury securities
c. Purchasing a stock mutual fund
d. Purchasing shares of Exxon and GM
Question 2
The best schedule for the order of the components of your financial plan would be
Select one:
a. tax planning, managing liquidity, budgeting, financing large purchases, insurance, investing and estate planning
b. budgeting and tax planning, managing liquidity, financing large purchases, insurance, investing and estate planning
c. budgeting and tax planning, financing large purchases, managing liquidity, insurance, investing and estate planning
d. managing liquidity, budgeting and tax planning, financing large purchases, insurance, investing and estate planning
Question 3
The longer you maintain relationships with one creditor, the lower your credit score will be.
Select one:
True
False
Question 4
The document that provides financial information about a mutual fund, including expenses and past performance, is the
Select one:
a. financial statement.
b. prospectus.
c. annual report.
d. balance sheet.
Question 5
You have $10 000 to invest now and can add $550 a month, have a moderate risk profile, and would like to set these funds aside for retirement in 20 years. You should
Select one:
a. put the money in a money market savings account.
b. buy preferred stocks with the opportunity of capital appreciation.
c. buy one-year GICs.
d. invest in mutual funds managed by the asset allocation method.
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