FIN 300 Final Exam Rated A+ | Questions Solved
100% Correct | Verified Answers
What policies can the government utilize to help stabilize the economy?
a. Price stabilization policy
b. Monetary policy
c. Fiscal policy
d. b and c
e. a, b, and c - ANSWER d
Choose the word or phrase in [ ] which will correctly complete the statement. Select A
for the first item, B for the second item, and C if neither item will correctly complete the
statement.
A stronger economy leads to [higher employment | lower employment]. - ANSWER A
Financial assets are paper assets, such as savings accounts and securities.
a. True b. False - ANSWER true
The average American starting a career today can expect to have at least [seven | ten]
jobs during his/her lifetime. - ANSWER B
A good financial plan completed when one is in their 30s will typically last a lifetime.
a. True b. False - ANSWER FALSE
Wealthy people have a higher average propensity to consume.
a. True b. False - ANSWER false
, Defining financial goals is an important first step in personal financial planning process.
a. True b. False - ANSWER true
The need for financial planning declines as your income increases.
a. True b. False - ANSWER false
Current consumption affects future consumption.
a. True b. False - ANSWER true
The four stages of an economic cycle would not include
a. peak.
b. contraction.
c. stagnation.
d. expansion.
e. trough. - ANSWER c
An adequate emergency fund should last [2-3 months | 6-9 months]. - ANSWER b
[Vacations | Education] would be considered a necessity of life. - ANSWER c
Two persons with equal average propensities to consume will not necessarily have equal
standards of living because of differences in income.
a. True b. False - ANSWER true
"1 want to accumulate a comfortable retirement fund" [would | would not] be a specific
financial goal. - ANSWER a
100% Correct | Verified Answers
What policies can the government utilize to help stabilize the economy?
a. Price stabilization policy
b. Monetary policy
c. Fiscal policy
d. b and c
e. a, b, and c - ANSWER d
Choose the word or phrase in [ ] which will correctly complete the statement. Select A
for the first item, B for the second item, and C if neither item will correctly complete the
statement.
A stronger economy leads to [higher employment | lower employment]. - ANSWER A
Financial assets are paper assets, such as savings accounts and securities.
a. True b. False - ANSWER true
The average American starting a career today can expect to have at least [seven | ten]
jobs during his/her lifetime. - ANSWER B
A good financial plan completed when one is in their 30s will typically last a lifetime.
a. True b. False - ANSWER FALSE
Wealthy people have a higher average propensity to consume.
a. True b. False - ANSWER false
, Defining financial goals is an important first step in personal financial planning process.
a. True b. False - ANSWER true
The need for financial planning declines as your income increases.
a. True b. False - ANSWER false
Current consumption affects future consumption.
a. True b. False - ANSWER true
The four stages of an economic cycle would not include
a. peak.
b. contraction.
c. stagnation.
d. expansion.
e. trough. - ANSWER c
An adequate emergency fund should last [2-3 months | 6-9 months]. - ANSWER b
[Vacations | Education] would be considered a necessity of life. - ANSWER c
Two persons with equal average propensities to consume will not necessarily have equal
standards of living because of differences in income.
a. True b. False - ANSWER true
"1 want to accumulate a comfortable retirement fund" [would | would not] be a specific
financial goal. - ANSWER a
