FIN 470 FINAL EXAM OLD TEST QUESTIONS WITH ACCURATE ANSWERS

FIN 470 FINAL EXAM OLD TEST QUESTIONS WITH
ACCURATE ANSWERS
____ can be deducted on your federal tax return.


a.
Rent payments


b.
Mortgage interest


c.
Homeowner's insurance


d.
Utility bills


e.
None of these correct answer e


____ is a portfolio characteristic which leads to reduced risk with good return.


a.
Maturity

,b.
Price-earnings ratio


c.
Diversification


d.
Stratification


e.
Duration correct answer c


____ is a reason for preferring to rent rather than to buy.


a.
Flexibility


b.
No maintenance worries


c.
Lower monthly cash flows


d.

,Down payment money better used elsewhere


e.
All of these correct answer e


____ is an example of personal property.


a.
Jewelry


b.
House


c.
Corporate bond


d.
Charge account balance


e.
Both a and b correct answer a


____ stocks are really purchased as a gamble rather than because they have a
proven history of good performance.

, a.
Blue-chip


b.
Growth


c.
Cyclical


d.
Defensive


e.
Speculative correct answer e


____ would not be listed as a liability on your personal balance sheet.


a.
Taxes owed


b.
Loan balances


c.