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Personal Finance Literacy Exam 3
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Personal Finance Literacy Exam 3
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25 Questions

1. Which of the following documents will allow the beneficiary of an estate to avoid probate:
2. Which of the following is a career search tool for determining what you are capable of doing now and might be good at doing with additional training or education:
3. Which of the following information should you include in your resume:
4. The purpose of filing an insurance claim is to obtain
5. Tom needs to verify the accuracy of an invoice for a magazine advertisement that he placed, so he compares the bill with the
6. Which of the following situations is an example of a social risk that is associated with starting a new business:
7. Why is deflation bad for the economy?
8. Claire said, 'We need to resolve this quantity-discount issue and reach agreement by next Tuesday. If we can't, I will solicit bids from other vendors.- What negotiating strategy is Claire using with her vendor?
9. A critical aspect of financial planning involves
10. Which of the following is an example of a lending investment:
11. Valerie is developing a personal budget for the first time. Which of the following is the first step she should take:
12. Which of the following is a factor that determines how much investment risk a person can handle:
13. When shopping for an investment broker, which of the following things should you always do:
14. When using a debit card to pay for goods and services, the funds are electronically transferred from a(n)
15. Lisa charges another sole proprietor to use the extra office in the building she owns. Which of the following is Lisa's source of income:
16. What type of deposit-taking institution is owned by its members or customers?
17. Which of the following is not true about Form 8-K:
18. Which of the following is a question that investors should ask prospective financial planners:
19. The purpose of loan products is to provide
20. The Coca-Cola Company's brand, which is valuable and known world-wide, is not reflected in book value because it is
21. Geraldo, who is considering whether or not to invest in Coffee Dreams, Inc., is studying information about the company on a stock table. One piece of data that he is interested in reviewing is the difference between the stock's closing price and the previous day's closing price. Geraldo should review the
22. Which of the following is an example of involuntary debt:
23. To cover the extra cost of offering credit services, businesses often adjust their marketing strategy by charging customers
24. Which of the following is an example of a capital good:
25. What do finance professionals need to do to build long-term relationships with their clients?

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