PERSONAL FINANCE D363 QUESTIONS AND CORRECT ANSWERS
How cto ccreate cwealth c- cCORRECT cANS✔✔· cspend cless cthan cyou cmake cthen csave cor cinvest cthe cdifference
Income ctargets c- cCORRECT cANS✔✔Make cfinancial cstrategies, cfind cvalues cand cset cgoals
Net cworth c- cCORRECT cANS✔✔· cThe cdifference cbetween cthe cvalue cof cyour cassets cand cliabilities
Cash cflow cstatement c- cCORRECT cANS✔✔Basic cstatement cof ctransactions
Credit creport c- cCORRECT cANS✔✔free, ca creport con cthe chistory cof cyour cability cto cpay cyour cdebts cavailable cto call ccredit
cproviders
Credit cCards c- cCORRECT cANS✔✔when cused ccorrectly ccan chelp cgrow ccredit cscore cwhen cused cunproperly cthey ccan csend
cyou cinto cdebt
Financial crecords c- cCORRECT cANS✔✔put cinto ca csafe cdeposit cbox cor cinto chome cfiles cthey care crecords cof ctransactions cthat
cyou chave cmade
Bank creconciliations c- cCORRECT cANS✔✔verify cbank caccount cdebits cand ccredits care caccurate
Credit cmanagement c- cCORRECT cANS✔✔calculate cthe camount cof cdebt cfor can cindividual cand ccreate ca cplan cto cpayoff cdebt
Personal cfinance c- cCORRECT cANS✔✔apply cbasic cfinancial cprinciples cin cstructured cpersonal cfinancial csituations cto cmeet ca
climited cneed
Financial cliteracy c- cCORRECT cANS✔✔apply creasonable cand cemotionally csound cmoney cmanagement cstrategies cand
cprinciples cin cones cown cpersonal cfinances
Monetary cAsset cManagement c- cCORRECT cANS✔✔teams cthat cmanage cassets cin ca cvarious cof caccounts cunder cstrategies cto
cpreserve cthe cwealth cand cmake cthem cgrow cin cvalue
Money cmarket caccount c- cCORRECT cANS✔✔accounts cthat cmust cmature cin cless cthan cone cyear. cThe cfunds care cdeposited cin
cmoney cmarkets cas cshort cterm cloans cto cbusinesses. cThey care caccounts cin cmutual cfunds
Mutual cfund cor cEFT's c- cCORRECT cANS✔✔have ca clarge cdiverse camount cof cinvestments cmaking cthem chard cto cnot cgrow
cwhere csigning cup cfor cdividend creinvestment ccan ccreate csynergy cand cthey care chard cto cfail cin cthe clong crun
Certificate cof cdeposit c- cCORRECT cANS✔✔A cfixed ctimed cdeposit cwhere cyou cgive cyou cmoney cas ca cloan cor cdeposit cthen cat
cthe cend cof cthe cfixed ctime cif cthe cmoney cis cnot ctouched cyou cgain cthe cinterest cprinciple cagreed con cwith cthe cinitial cdeposit
Financial cAnalysis c- cCORRECT cANS✔✔Define cthe cdifferent cfinancial cdecision cmodels cand cassumptions cinvolved cin cmaking
cdecisions crelating cto casset cand cinvestment cmanagement, cdebt, cequity, cand cleasing.
Investment cmanagement c- cCORRECT cANS✔✔review cinvestments cto cmaximize creturns cand cminimize crisks
Investments c- cCORRECT cANS✔✔develop ca cstrong cpipeline cof cgood cquality cinvestment copportunities cby canticipating cmarket
ctrends cand cemploying csector cor ccountry cknowledge
Management c- cCORRECT cANS✔✔avoid ccrisis csituations
Wealth cmanagement c- cCORRECT cANS✔✔analyze cthe ceffectiveness cof cwealth cmanagement cstrategies cto censure cfinancial
cgoals care cmet
Diversification c- cCORRECT cANS✔✔use ca cstrategy cwhich centails cnot cputting call cyour ceggs cin cone cbowl
Bull cmarket c- cCORRECT cANS✔✔a cyear cwhen cstocks cincrease cover c20% cor cmore
Bear cmarket c- cCORRECT cANS✔✔a cyear cwhen cstocks cdecrease cunder c20% cor cmore
Income cversus ccapital cgains c- cCORRECT cANS✔✔income cis ctaxed cat c15% cwhile ccapital cgains cis ctaxed cat c10 cto c15%
Tax cexempt cincomes c- cCORRECT cANS✔✔municipal cbonds, cretirement cbonds, cIRA caccounts cif cnot ctouched cfor c5 cyears
Key cto csuccess cin cthe cstock cmarket c- cCORRECT cANS✔✔stay cpatient cand cwait cfor creturns cdo cnot cpanic!!
How cto ccreate cwealth c- cCORRECT cANS✔✔· cspend cless cthan cyou cmake cthen csave cor cinvest cthe cdifference
Income ctargets c- cCORRECT cANS✔✔Make cfinancial cstrategies, cfind cvalues cand cset cgoals
Net cworth c- cCORRECT cANS✔✔· cThe cdifference cbetween cthe cvalue cof cyour cassets cand cliabilities
Cash cflow cstatement c- cCORRECT cANS✔✔Basic cstatement cof ctransactions
Credit creport c- cCORRECT cANS✔✔free, ca creport con cthe chistory cof cyour cability cto cpay cyour cdebts cavailable cto call ccredit
cproviders
Credit cCards c- cCORRECT cANS✔✔when cused ccorrectly ccan chelp cgrow ccredit cscore cwhen cused cunproperly cthey ccan csend
cyou cinto cdebt
Financial crecords c- cCORRECT cANS✔✔put cinto ca csafe cdeposit cbox cor cinto chome cfiles cthey care crecords cof ctransactions cthat
cyou chave cmade
Bank creconciliations c- cCORRECT cANS✔✔verify cbank caccount cdebits cand ccredits care caccurate
Credit cmanagement c- cCORRECT cANS✔✔calculate cthe camount cof cdebt cfor can cindividual cand ccreate ca cplan cto cpayoff cdebt
Personal cfinance c- cCORRECT cANS✔✔apply cbasic cfinancial cprinciples cin cstructured cpersonal cfinancial csituations cto cmeet ca
climited cneed
Financial cliteracy c- cCORRECT cANS✔✔apply creasonable cand cemotionally csound cmoney cmanagement cstrategies cand
cprinciples cin cones cown cpersonal cfinances
Monetary cAsset cManagement c- cCORRECT cANS✔✔teams cthat cmanage cassets cin ca cvarious cof caccounts cunder cstrategies cto
cpreserve cthe cwealth cand cmake cthem cgrow cin cvalue
Money cmarket caccount c- cCORRECT cANS✔✔accounts cthat cmust cmature cin cless cthan cone cyear. cThe cfunds care cdeposited cin
cmoney cmarkets cas cshort cterm cloans cto cbusinesses. cThey care caccounts cin cmutual cfunds
Mutual cfund cor cEFT's c- cCORRECT cANS✔✔have ca clarge cdiverse camount cof cinvestments cmaking cthem chard cto cnot cgrow
cwhere csigning cup cfor cdividend creinvestment ccan ccreate csynergy cand cthey care chard cto cfail cin cthe clong crun
Certificate cof cdeposit c- cCORRECT cANS✔✔A cfixed ctimed cdeposit cwhere cyou cgive cyou cmoney cas ca cloan cor cdeposit cthen cat
cthe cend cof cthe cfixed ctime cif cthe cmoney cis cnot ctouched cyou cgain cthe cinterest cprinciple cagreed con cwith cthe cinitial cdeposit
Financial cAnalysis c- cCORRECT cANS✔✔Define cthe cdifferent cfinancial cdecision cmodels cand cassumptions cinvolved cin cmaking
cdecisions crelating cto casset cand cinvestment cmanagement, cdebt, cequity, cand cleasing.
Investment cmanagement c- cCORRECT cANS✔✔review cinvestments cto cmaximize creturns cand cminimize crisks
Investments c- cCORRECT cANS✔✔develop ca cstrong cpipeline cof cgood cquality cinvestment copportunities cby canticipating cmarket
ctrends cand cemploying csector cor ccountry cknowledge
Management c- cCORRECT cANS✔✔avoid ccrisis csituations
Wealth cmanagement c- cCORRECT cANS✔✔analyze cthe ceffectiveness cof cwealth cmanagement cstrategies cto censure cfinancial
cgoals care cmet
Diversification c- cCORRECT cANS✔✔use ca cstrategy cwhich centails cnot cputting call cyour ceggs cin cone cbowl
Bull cmarket c- cCORRECT cANS✔✔a cyear cwhen cstocks cincrease cover c20% cor cmore
Bear cmarket c- cCORRECT cANS✔✔a cyear cwhen cstocks cdecrease cunder c20% cor cmore
Income cversus ccapital cgains c- cCORRECT cANS✔✔income cis ctaxed cat c15% cwhile ccapital cgains cis ctaxed cat c10 cto c15%
Tax cexempt cincomes c- cCORRECT cANS✔✔municipal cbonds, cretirement cbonds, cIRA caccounts cif cnot ctouched cfor c5 cyears
Key cto csuccess cin cthe cstock cmarket c- cCORRECT cANS✔✔stay cpatient cand cwait cfor creturns cdo cnot cpanic!!
