D363 Personal Finance 70 actual passed questions and answers 2025
Western Governors University
Your time: 1 min
Your answers
1 of 70
Term
Omar is evaluating checking account options at his bank. He sees that the
checking account does not pay interest.
Which type of account is Omar considering?
Money market account
,Demand-deposit account
Lifeline banking account
Negotiable order of withdrawal (NOW) account
Give this one a try later!
Moderate investor Depository institution
Demand-deposit account Pay all monthly bills on time
Don't know?
2 of 70
Term
Offer many financial services including checking and savings accounts.
Brokerage firm
Depository institution
Insurance company
Mutual funds
,Give this one a try later!
Cash-flow statement Depository institution
Stock brokerage firm Demand-deposit account
Don't know?
3 of 70
Term
Why would a buyer consider an adjustable-rate mortgage (ARM) over
a conventional mortgage?
To take advantage of falling interest rates
To ensure lower monthly payments
To put risk of variable rates on the lender
To pay off the mortgage faster
Give this one a try later!
Pay a savings account before
Moderate investor paying other obligations.
, To take advantage of
falling interest rates Money market deposit account
Don't know?
4 of 70
Term
What should a long-term investor do when market volatility is high?
Increase risk level
Start receiving retirement income
Hold on to their investment
Sell low-performing stocks
Give this one a try later!
Hold on to their investment Cash-flow statement
Pay all monthly bills on time Pushing stock prices too high
Don't know?
5 of 70
Western Governors University
Your time: 1 min
Your answers
1 of 70
Term
Omar is evaluating checking account options at his bank. He sees that the
checking account does not pay interest.
Which type of account is Omar considering?
Money market account
,Demand-deposit account
Lifeline banking account
Negotiable order of withdrawal (NOW) account
Give this one a try later!
Moderate investor Depository institution
Demand-deposit account Pay all monthly bills on time
Don't know?
2 of 70
Term
Offer many financial services including checking and savings accounts.
Brokerage firm
Depository institution
Insurance company
Mutual funds
,Give this one a try later!
Cash-flow statement Depository institution
Stock brokerage firm Demand-deposit account
Don't know?
3 of 70
Term
Why would a buyer consider an adjustable-rate mortgage (ARM) over
a conventional mortgage?
To take advantage of falling interest rates
To ensure lower monthly payments
To put risk of variable rates on the lender
To pay off the mortgage faster
Give this one a try later!
Pay a savings account before
Moderate investor paying other obligations.
, To take advantage of
falling interest rates Money market deposit account
Don't know?
4 of 70
Term
What should a long-term investor do when market volatility is high?
Increase risk level
Start receiving retirement income
Hold on to their investment
Sell low-performing stocks
Give this one a try later!
Hold on to their investment Cash-flow statement
Pay all monthly bills on time Pushing stock prices too high
Don't know?
5 of 70
