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Exam (elaborations)

FIN 370 Exam 2 Questions and Answers Graded A+

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FIN 370 Exam 2 Questions and Answers Graded A+

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Institution
FIN 370
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FIN 370

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December 11, 2025
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  • fin 370 exam 2 questions and answers graded a

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FIN 370 Exam 2 Questions and Answers
Graded A+

financial planning - Correct answer-allocation of monetary resources

purpose of financial planning - Correct answer-to ensure money exists when

needed

4 step process - Correct answer-assessment, indemnification, allocation, routine

whole life insurance - Correct answer-good for mid-term and long-term savings

stock company - Correct answer-pays dividends to stockholders

mutual company - Correct answer-pays dividends to policyholders/contract holders

Certificate of Deposit (CD) - Correct answer-financial instrument that provides a

stated rate of interest to the Account Holder in exchange for agreeing the bank can

utilize the money for a set period of time (maturity period). gives a penalty if you

take out the money before the time expires

installment loan - Correct answer-loan repaid in equal payments over a specified

period of time


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