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Exam (elaborations)

FINP 235 MODULE QUIZZES WITH CORRECT ANSWERS

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FINP 235 MODULE QUIZZES WITH CORRECT ANSWERS

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What is the 2nd step to buying a new car?
Select Your Financing
Pick Your New Car
Agree Upon a New Car Price
Get a Money Order
Agree Upon a Trade-in Price
Eat a Big Breakfast


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, Agree Upon a Trade-in Price




______ payments are based upon formulas related to years of service and average
salary.
Traditional 401k
Pension
Roth IRA
Insurance


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Pension




Each Knowledge Check question within a Module Quiz has a 5 minute time limit.
True
False


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False

,_____ is also known as a car's "sticker price".
Invoice Price
Manufacturer Suggested Retail Price
Flat Price
Standard Assumptive Price


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Manufacturer Suggested Retail Price




Monthly payment amounts can fluctuate for a Fixed Rate Mortgage.
True
False


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False




All but ___________________ were commonly used types of insurance covered during the
lecture which can help with managing risk.
Identity Theft Insurance
Alien Abduction Insurance
Property & Casualty Insurance
Health Insurance


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, Alien Abduction Insurance




The Reflection Video project is worth of your __________ entire course grade.


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10%




Semi-annual payments on a 20 year, $4,000 Face Value Bond earning 1% should be
______.
$30
$20
$40
$10


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$20




An FHA Loan typically requires a down payment of only _____%.
15.5%
7.5%
3.5%
1.5%


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