Personal Finance D363 Exam Questions With
Correct Answers
How |to |create |wealth |- |CORRECT |ANSWER✔✔-· |spend |less |than |you |make |then |save |or |invest
|the |difference
Income |targets |- |CORRECT |ANSWER✔✔-Make |financial |strategies, |find |values |and |set |goals
Net |worth |- |CORRECT |ANSWER✔✔-· |The |difference |between |the |value |of |your |assets |and |
liabilities
Cash |flow |statement |- |CORRECT |ANSWER✔✔-Basic |statement |of |transactions
Credit |report |- |CORRECT |ANSWER✔✔-free, |a |report |on |the |history |of |your |ability |to |pay |your |
debts |available |to |all |credit |providers
Credit |Cards |- |CORRECT |ANSWER✔✔-when |used |correctly |can |help |grow |credit |score |when |
used |unproperly |they |can |send |you |into |debt
Financial |records |- |CORRECT |ANSWER✔✔-put |into |a |safe |deposit |box |or |into |home |files |they |
are |records |of |transactions |that |you |have |made
Bank |reconciliations |- |CORRECT |ANSWER✔✔-verify |bank |account |debits |and |credits |are |
accurate
Credit |management |- |CORRECT |ANSWER✔✔-calculate |the |amount |of |debt |for |an |individual |
and |create |a |plan |to |payoff |debt
, Personal |finance |- |CORRECT |ANSWER✔✔-apply |basic |financial |principles |in |structured |
personal |financial |situations |to |meet |a |limited |need
Financial |literacy |- |CORRECT |ANSWER✔✔-apply |reasonable |and |emotionally |sound |money |
management |strategies |and |principles |in |ones |own |personal |finances
Monetary |Asset |Management |- |CORRECT |ANSWER✔✔-teams |that |manage |assets |in |a |various |
of |accounts |under |strategies |to |preserve |the |wealth |and |make |them |grow |in |value
Money |market |account |- |CORRECT |ANSWER✔✔-accounts |that |must |mature |in |less |than |one |
year. |The |funds |are |deposited |in |money |markets |as |short |term |loans |to |businesses. |They |are |
accounts |in |mutual |funds
Mutual |fund |or |EFT's |- |CORRECT |ANSWER✔✔-have |a |large |diverse |amount |of |investments |
making |them |hard |to |not |grow |where |signing |up |for |dividend |reinvestment |can |create |synergy
|and |they |are |hard |to |fail |in |the |long |run
Certificate |of |deposit |- |CORRECT |ANSWER✔✔-A |fixed |timed |deposit |where |you |give |you |
money |as |a |loan |or |deposit |then |at |the |end |of |the |fixed |time |if |the |money |is |not |touched |you |
gain |the |interest |principle |agreed |on |with |the |initial |deposit
Financial |Analysis |- |CORRECT |ANSWER✔✔-Define |the |different |financial |decision |models |and |
assumptions |involved |in |making |decisions |relating |to |asset |and |investment |management, |debt,
|equity, |and |leasing.
Investment |management |- |CORRECT |ANSWER✔✔-review |investments |to |maximize |returns |
and |minimize |risks
Correct Answers
How |to |create |wealth |- |CORRECT |ANSWER✔✔-· |spend |less |than |you |make |then |save |or |invest
|the |difference
Income |targets |- |CORRECT |ANSWER✔✔-Make |financial |strategies, |find |values |and |set |goals
Net |worth |- |CORRECT |ANSWER✔✔-· |The |difference |between |the |value |of |your |assets |and |
liabilities
Cash |flow |statement |- |CORRECT |ANSWER✔✔-Basic |statement |of |transactions
Credit |report |- |CORRECT |ANSWER✔✔-free, |a |report |on |the |history |of |your |ability |to |pay |your |
debts |available |to |all |credit |providers
Credit |Cards |- |CORRECT |ANSWER✔✔-when |used |correctly |can |help |grow |credit |score |when |
used |unproperly |they |can |send |you |into |debt
Financial |records |- |CORRECT |ANSWER✔✔-put |into |a |safe |deposit |box |or |into |home |files |they |
are |records |of |transactions |that |you |have |made
Bank |reconciliations |- |CORRECT |ANSWER✔✔-verify |bank |account |debits |and |credits |are |
accurate
Credit |management |- |CORRECT |ANSWER✔✔-calculate |the |amount |of |debt |for |an |individual |
and |create |a |plan |to |payoff |debt
, Personal |finance |- |CORRECT |ANSWER✔✔-apply |basic |financial |principles |in |structured |
personal |financial |situations |to |meet |a |limited |need
Financial |literacy |- |CORRECT |ANSWER✔✔-apply |reasonable |and |emotionally |sound |money |
management |strategies |and |principles |in |ones |own |personal |finances
Monetary |Asset |Management |- |CORRECT |ANSWER✔✔-teams |that |manage |assets |in |a |various |
of |accounts |under |strategies |to |preserve |the |wealth |and |make |them |grow |in |value
Money |market |account |- |CORRECT |ANSWER✔✔-accounts |that |must |mature |in |less |than |one |
year. |The |funds |are |deposited |in |money |markets |as |short |term |loans |to |businesses. |They |are |
accounts |in |mutual |funds
Mutual |fund |or |EFT's |- |CORRECT |ANSWER✔✔-have |a |large |diverse |amount |of |investments |
making |them |hard |to |not |grow |where |signing |up |for |dividend |reinvestment |can |create |synergy
|and |they |are |hard |to |fail |in |the |long |run
Certificate |of |deposit |- |CORRECT |ANSWER✔✔-A |fixed |timed |deposit |where |you |give |you |
money |as |a |loan |or |deposit |then |at |the |end |of |the |fixed |time |if |the |money |is |not |touched |you |
gain |the |interest |principle |agreed |on |with |the |initial |deposit
Financial |Analysis |- |CORRECT |ANSWER✔✔-Define |the |different |financial |decision |models |and |
assumptions |involved |in |making |decisions |relating |to |asset |and |investment |management, |debt,
|equity, |and |leasing.
Investment |management |- |CORRECT |ANSWER✔✔-review |investments |to |maximize |returns |
and |minimize |risks
