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Personal Finance Exam
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Personal Finance Exam
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25 Questions

1. When Preparing Her Monthly Budget - Marge Kent Has Total Spending Of $4600. Each Month She Pays $1 200 In Rent - $60 For Cable Television And Internet Service - And $240 For Her Auto Loan. What Percentage Of Her Budget Goes For These Fixed Expenses?

2. If Inflation Is Expected To Be 6 Percent - How Long Will It Take For Prices To Double?

3. Which Of The Following Goals Is Best Stated - And Would Be Easiest To Measure Accomplishment Of?

4. All Earnings In A Tax Sheltered Annuity

5. Liquid Assets Refer To

6. Which Of The Following Statements Regarding Bankruptcy Is False?

7. In A Roth Ira - Contributions Are Not Tax Deductible -

8. Mortgage Loans - Automobile Loans - And Installment Loans For Purchasing Furniture Or Appliances Are Examples Of

9. The Average Inflation Rate In The Us Over The Past 85 Years Has Been Around

10. A Mutual Fund That Invests In Both Stocks And Bonds With The Primary Objectives Of Conserving Capital - Providing Income - And Long Term Growth Is Called A

11. Magna Corp Has After-tax Income Of $4 Million. It Also Has 2 Million Shares Outstanding. The Firm's Eps Is $2 Per Share

12. A Savings Account Earns 5 Percent. If The Saver Is In A 30 Percent Tax Bracket - The After-tax Savings Rate Of Return Would Be ____

13. Which Of The Following Statements Is False?

14. You Can Determine Your Net Worth By

15. Which Of The Following Actions Would Be The Most Effective Way To Reduce One's Fixed Expenses?

16. A Cash Flow Statement Reports A Person's Or Family's

17. Which Of The Following Statements About Checking Accounts Is False?

18. Convertible Bondholders Have The Option Of Converting To Common Stock

19. A Stock Split Is A Procedure In Which A Stockholder's Common Stock Is Exchanged For Preferred Stock

20. Under A 401(K) Plan - You Are Allowed To Make

21. Earnings Per Share Are A Corporations's After-tax Earnings Divided By The Number Of Stockholders

22. A Valuable Asset Pledged To Assure Loan Payments And Subject To Seizure Upon Default Is Called

23. Savings Compounded On A _____ Basis Would Have A Higher Effective Yield Than Savings Compounded _______

24. The Maximum Amount Of Credit You Are Allowed By A Creditor Is Called A(N)

25. When A Bond Is Selling For Less Than Its Face Value - It Is Said To Be Selling At A _________

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