Exam (elaborations) Wise

A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 correct answerBoth John and Maria A factor that can cause the price of a stock to DECREASE is the company correct answerlowering its expectations of future earnings. A good financial goal should correct answerbe achievable in five years. A landlord never received the rent check sent by the renter two weeks ago. What is the first action the renter should take correct answerContact the bank to find out if the check was cashed. A major reason that corporations issue stock is to correct answerraise money to expand business activities. A person has been contributing regularly to her company's 401(k) plan. She decides to leave the company. It would be financially advisable for her to correct answermove the money from the 401(k) plan into another qualified retirement plan A person is looking at his budget to find ways to invest more money. It would be best for him to correct answerreduce this variable expenses. A person may need to have liquid assets when correct answerthere is an emergency need for cash A person receives $200 from an uncle for graduation. This money is considered correct answera gift. A person wants to buy stock in McDonald's. Before buying the stock it is important that the person consider the correct answercompany's potential for making money. A person wants to open a bank account in his name. He will be required to give the bank correct answera state or federal-issued picture identification. A person's gross pay for this month is $4,000. Why should his monthly budget be less than $4,000 correct answerTaxes are taken out of his gross pay, reducing the amount of money he takes home A role of the Federal Reserve Bank (Fed) is to correct answerinfluence interest rates.