Quiz_________________?
A bank Certificate of Deposit is a: -
Answer✅
Savings instrument that requires a deposit for a period of time during which there is a
penalty for withdrawals
Quiz_________________?
A company offers a defined-contribution pension plan which means that upon retirement
the employee will receive -
Answer✅
the total amount of money contributed plus investment earnings.
Quiz_________________?
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing
therefore that budget item is considered to have -
Answer✅
a budget variance.
1
, Quiz_________________?
A person buys a flat screen, plasma, theater-like television. The person has homeowner?s
insurance. Why would it be appropriate to add a personal property floater to that
insurance? -
Answer✅
To cover the cost of replacement should the television get damaged or stolen.
Quiz_________________?
A person complains about how expensive it is to be a cigarette smoker. One of the reasons
cigarettes are so expensive is that -
Answer✅
he government imposes an excise tax on them.
Quiz_________________?
A person has three credit cards with very large outstanding balances and is unable to make
payments on any of them. Which action should the person take? -
Answer✅
Notify the credit card companies in order to negotiate a new payment plan.
Quiz_________________?
A person's debt ratio shows the relationship between debt and net worth. The lower the
ratio the -
Answer✅
better off financially the person is.
2
A bank Certificate of Deposit is a: -
Answer✅
Savings instrument that requires a deposit for a period of time during which there is a
penalty for withdrawals
Quiz_________________?
A company offers a defined-contribution pension plan which means that upon retirement
the employee will receive -
Answer✅
the total amount of money contributed plus investment earnings.
Quiz_________________?
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing
therefore that budget item is considered to have -
Answer✅
a budget variance.
1
, Quiz_________________?
A person buys a flat screen, plasma, theater-like television. The person has homeowner?s
insurance. Why would it be appropriate to add a personal property floater to that
insurance? -
Answer✅
To cover the cost of replacement should the television get damaged or stolen.
Quiz_________________?
A person complains about how expensive it is to be a cigarette smoker. One of the reasons
cigarettes are so expensive is that -
Answer✅
he government imposes an excise tax on them.
Quiz_________________?
A person has three credit cards with very large outstanding balances and is unable to make
payments on any of them. Which action should the person take? -
Answer✅
Notify the credit card companies in order to negotiate a new payment plan.
Quiz_________________?
A person's debt ratio shows the relationship between debt and net worth. The lower the
ratio the -
Answer✅
better off financially the person is.
2
