GEB 3006 FINAL questions well
answered already passed
50% - correct answer ✔✔ Employer benefits can be worth up to ___ of your base salary
Retirement Health Plans - correct answer ✔✔ Generally the two main employer benefits with
the highest value are:
PPO - correct answer ✔✔ The health plans that offers the most choice in doctors and has the
highest cost
HMO - correct answer ✔✔ Which of the following health plans generally requires that you first
see your primary care physician and remain within a restricted network of doctors?
10-15% - correct answer ✔✔ Employees without a pension plan should try to save at least
_____ of their salary
10 - correct answer ✔✔ Fidelity Investments recommends that individuals without pensions
have about ___ times their salary at age 67 in order to have a sufficient amount of money to
retire.`
1 - correct answer ✔✔ Fidelity Investments recommends that individuals without pensions have
about ___ times their salary at age 30 in order to have a sufficient amount of money to retire.
65 - correct answer ✔✔ At what age will you become eligible for Medicare?
, 62 and the amount received is a discounted benefit compared to the full retirement benefit -
correct answer ✔✔ At what age are you eligible for early Social Security?
HDHP - correct answer ✔✔ Which health plan has a low cost but high deductible?
the current year or lose unused savings. - correct answer ✔✔ The rules for flexible spending
accounts generally require that employees use the money within
401-K assets to a self directed rollover IRA. - correct answer ✔✔ When you leave your job, you
should always rollover your
5% - correct answer ✔✔ Between 1990 and 2010, the average US savings rate was around
Payment history and outstanding debts - correct answer ✔✔ What two factors count for 65% of
your FICO score?
Fair Isaac Corporation - correct answer ✔✔ Which company has developed the MOST
commonly used credit score to evaluate an individual's credit?
760 - correct answer ✔✔ You should try to achieve a FICO score of at least
total balance due / credit limit - correct answer ✔✔ debt to credit limit ratio
could hurt your credit score - correct answer ✔✔ canceling an old credit card with no balance
due
upward sloping, with long term rates being higher than short term rates. - correct answer ✔✔
The treasury yield curve is normally
answered already passed
50% - correct answer ✔✔ Employer benefits can be worth up to ___ of your base salary
Retirement Health Plans - correct answer ✔✔ Generally the two main employer benefits with
the highest value are:
PPO - correct answer ✔✔ The health plans that offers the most choice in doctors and has the
highest cost
HMO - correct answer ✔✔ Which of the following health plans generally requires that you first
see your primary care physician and remain within a restricted network of doctors?
10-15% - correct answer ✔✔ Employees without a pension plan should try to save at least
_____ of their salary
10 - correct answer ✔✔ Fidelity Investments recommends that individuals without pensions
have about ___ times their salary at age 67 in order to have a sufficient amount of money to
retire.`
1 - correct answer ✔✔ Fidelity Investments recommends that individuals without pensions have
about ___ times their salary at age 30 in order to have a sufficient amount of money to retire.
65 - correct answer ✔✔ At what age will you become eligible for Medicare?
, 62 and the amount received is a discounted benefit compared to the full retirement benefit -
correct answer ✔✔ At what age are you eligible for early Social Security?
HDHP - correct answer ✔✔ Which health plan has a low cost but high deductible?
the current year or lose unused savings. - correct answer ✔✔ The rules for flexible spending
accounts generally require that employees use the money within
401-K assets to a self directed rollover IRA. - correct answer ✔✔ When you leave your job, you
should always rollover your
5% - correct answer ✔✔ Between 1990 and 2010, the average US savings rate was around
Payment history and outstanding debts - correct answer ✔✔ What two factors count for 65% of
your FICO score?
Fair Isaac Corporation - correct answer ✔✔ Which company has developed the MOST
commonly used credit score to evaluate an individual's credit?
760 - correct answer ✔✔ You should try to achieve a FICO score of at least
total balance due / credit limit - correct answer ✔✔ debt to credit limit ratio
could hurt your credit score - correct answer ✔✔ canceling an old credit card with no balance
due
upward sloping, with long term rates being higher than short term rates. - correct answer ✔✔
The treasury yield curve is normally
