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Personal Finance Literacy Exam 5
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Personal Finance Literacy Exam 5
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25 Questions

1. One difference between stocks and bonds is that
2. Which of the following is an example of entrepreneurship:
3. Which of the following is the most important consideration in selecting a banking institution:
4. Landon wants to start a home-based T-shirt printing business. Which of the following are the most critical equipment and supplies that Landon will need to get his business up and running?
5. When Jeremy develops his personal budget, he should categorize the money that he spends on food, clothing, and entertainment as
6. To make sure it was billed correctly, the Westworth Agency compared the bill that it received from the Cyan Printing Company against the original
7. A salesperson who has been negotiating sales terms with a client feels that the client's terms would be harmful to her/his company's well being. What action should the salesperson be prepared to take?
8. Which of the following is an example of legal tender issued by the federal government:
9. Why do companies providing financial loans and leases for new automobiles often require the car owner to carry gap insurance?
10. What is one reason that regulation in the securities and investments industry is considered ethical?
11. Carmen has 8% of her weekly paycheck placed in an employer-sponsored fund that she can access later in her life, when she is no longer working. Carmen is planning for her
12. Which of the following is the result of both parties using the collaborative negotiation style during a negotiation:
13. Annie and her husband Jeff want to buy a house. Which of the following financial-services providers could help them explore mortgages, create a strategy for home buying, and determine how much they can spend on their new home:
14. When you are just beginning your career, what should be the main emphasis of your retirement planning efforts?
15. Connor thinks that he may be interested in pursuing a career as an insurance underwriter. He accessed a government website, which provided him with information about an insurance underwriter's educational requirements, typical job responsibilities, salary ranges, and
16. When setting your financial goals, you should choose goals that are
17. Taryn is choosing between two apartments. Which of the following factors is most important for her to consider in order to make a responsible financial decision:
18. Annie currently has $20,000 of mortgage debt, $3,000 of credit card debt, and $15,000 of student loan debt. These are all examples of
19. Marco doesn't like to leave much to chance, so when it comes to investing his money, he knows that he wants something relatively low-risk. He decides to invest in a combination of stocks from different corporations in different industries because it is less risky than investing in just one stock. What type of investment does Marco select?
20. Which of the following statements best describes the difference between an occupation and a career:
21. Christine is buying a new computer. If she's making her decision logically, which of the following is true:
22. At her last job, Luisa made $50,000. At her new job, she only makes $48,000, but she also receives retirement benefits, free childcare, and a gym membership stipend. This is an example of how
23. Dan is working part-time delivering pizzas. He has a new credit card with 0% interest, a credit limit of $5,000, and no minimum payment required for the first six months. The card also grants 1% cash back for all purchases. How can he wisely handle his account for the first six months?
24. Some occupations require that businesspeople participate in professional development activities in order to maintain their
25. To learn objective information about a news topic, you should