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Fin 300 Questions with Answers (100%
Correct Answers)
What policies can the government utilize to help stabilize the economy?
a. Price stabilization policy
b. Monetary policy
c. Fiscal policy
d. b and c
e. a, b, and c Answer: d
Choose the word or phrase in [ ] which will correctly complete the statement.
Select A for the first item, B for the second item, and C if neither item will
correctly complete the statement.
A stronger economy leads to [higher employment | lower employment].
Answer: A
Financial assets are paper assets, such as savings accounts and securities.
a. True b. False Answer: true
The average American starting a career today can expect to have at least [seven
| ten] jobs during his/her lifetime. Answer: B
A good financial plan completed when one is in their 30s will typically last a
lifetime.
a. True b. False Answer: FALSE
Wealthy people have a higher average propensity to consume.
a. True b. False Answer: false
, 2
Defining financial goals is an important first step in personal financial planning
process.
a. True b. False Answer: true
The need for financial planning declines as your income increases.
a. True b. False Answer: false
Current consumption affects future consumption.
a. True b. False Answer: true
The four stages of an economic cycle would not include
a. peak.
b. contraction.
c. stagnation.
d. expansion.
e. trough. Answer: c
An adequate emergency fund should last [2-3 months | 6-9 months]. Answer: b
[Vacations | Education] would be considered a necessity of life. Answer: c
Two persons with equal average propensities to consume will not necessarily
have equal standards of living because of differences in income.
a. True b. False Answer: true
"1 want to accumulate a comfortable retirement fund" [would | would not] be
a specific financial goal. Answer: a
Two key indicators of economic activity in the U.S. are production levels and
[employment levels | cost of living]. Answer: a
Fin 300 Questions with Answers (100%
Correct Answers)
What policies can the government utilize to help stabilize the economy?
a. Price stabilization policy
b. Monetary policy
c. Fiscal policy
d. b and c
e. a, b, and c Answer: d
Choose the word or phrase in [ ] which will correctly complete the statement.
Select A for the first item, B for the second item, and C if neither item will
correctly complete the statement.
A stronger economy leads to [higher employment | lower employment].
Answer: A
Financial assets are paper assets, such as savings accounts and securities.
a. True b. False Answer: true
The average American starting a career today can expect to have at least [seven
| ten] jobs during his/her lifetime. Answer: B
A good financial plan completed when one is in their 30s will typically last a
lifetime.
a. True b. False Answer: FALSE
Wealthy people have a higher average propensity to consume.
a. True b. False Answer: false
, 2
Defining financial goals is an important first step in personal financial planning
process.
a. True b. False Answer: true
The need for financial planning declines as your income increases.
a. True b. False Answer: false
Current consumption affects future consumption.
a. True b. False Answer: true
The four stages of an economic cycle would not include
a. peak.
b. contraction.
c. stagnation.
d. expansion.
e. trough. Answer: c
An adequate emergency fund should last [2-3 months | 6-9 months]. Answer: b
[Vacations | Education] would be considered a necessity of life. Answer: c
Two persons with equal average propensities to consume will not necessarily
have equal standards of living because of differences in income.
a. True b. False Answer: true
"1 want to accumulate a comfortable retirement fund" [would | would not] be
a specific financial goal. Answer: a
Two key indicators of economic activity in the U.S. are production levels and
[employment levels | cost of living]. Answer: a
