Question 1

What is a credit score?

Accepted Answer

People who use credit establish a credit

Question 2

You were in the bookstore and,at the last minute,decided to buy a pack of gum.The gum is MOST LIKELY an example of a(n)________ expense.

Accepted Answer

A)  variable 
B)  invisible 
C)  fixed 
D)  periodic 
E)  budgeted 
A)  variable 
B)  invisible 
C)  fixed 
D)  periodic 
E)  budgeted

Question 3

What is the difference between defined benefit plans and defined contribution plans?

Accepted Answer

In defined benefit plans,you are paid a

Question 4

The value of a new car depreciates ________ percent almost as soon as it is driven off the dealer's lot.

Accepted Answer

A)  100 
B)  60 to 70 
C)  40 to 50 
D)  20 to 30 
E)  0 to 10 
A)  100 
B)  60 to 70 
C)  40 to 50 
D)  20 to 30 
E)  0 to 10

Question 5

You earned $20,000 in taxable income.The tax rate on the first $10,000 is 10%.The tax rate on income between $10,001 and $20,000,inclusive,is 20%.Your tax is ________.

Accepted Answer

A)  $10,000 
B)  $1,000 
C)  $2,000 
D)  $3,000 
E)  $4,000 
A)  $10,000 
B)  $1,000 
C)  $2,000 
D)  $3,000 
E)  $4,000

Question 6

________ expenses are items such as taxes or donations that are paid,but not on a monthly basis.

Accepted Answer

A)  Invisible 
B)  Fixed 
C)  Periodic 
D)  Unexpected 
E)  Invariable 
A)  Invisible 
B)  Fixed 
C)  Periodic 
D)  Unexpected 
E)  Invariable

Question 7

Monthly student loan payments are an example of a(n)________ expense.

Accepted Answer

A)  variable 
B)  unexpected 
C)  invisible 
D)  fixed 
E)  periodic 
A)  variable 
B)  unexpected 
C)  invisible 
D)  fixed 
E)  periodic

Question 8

If you are self-employed or your employer does not offer retirement benefits,you should set up your own retirement program.

Accepted Answer

A) True 
 B)False

Question 9

Special retirement AFTER-TAX savings accounts created by the government are ________.

Accepted Answer

A)  IRAs 
B)  pension plans 
C)  403(b) plans 
D)  Roth IRAs 
E)  401(k) plans 
A)  IRAs 
B)  pension plans 
C)  403(b) plans 
D)  Roth IRAs 
E)  401(k) plans

Question 10

An arrangement that replaces the income of a person who dies is ________ insurance.

Accepted Answer

A)  disability 
B)  health 
C)  life 
D)  death 
E)  homeowner's 
A)  disability 
B)  health 
C)  life 
D)  death 
E)  homeowner's

Question 11

Disability insurance protects your home and the contents inside.

Accepted Answer

A) True 
 B)False

Question 12

How can online resources and software help with money management?

Accepted Answer

Many online resources and software tools

Question 13

Paying off all credit card debt is an example of which step of financial planning?

Accepted Answer

A)  take a financial inventory 
B)  know where your money goes 
C)  execute the plan 
D)  monitor and assess your plan 
E)  create a budget 
A)  take a financial inventory 
B)  know where your money goes 
C)  execute the plan 
D)  monitor and assess your plan 
E)  create a budget

What is a credit score?

You were in the bookstore and,at the last minute,decided to buy a pack of gum.The gum is MOST LIKELY an example of a(n)________ expense.

What is the difference between defined benefit plans and defined contribution plans?

The value of a new car depreciates ________ percent almost as soon as it is driven off the dealer's lot.

You earned $20,000 in taxable income.The tax rate on the first $10,000 is 10%.The tax rate on income between $10,001 and $20,000,inclusive,is 20%.Your tax is ________.

________ expenses are items such as taxes or donations that are paid,but not on a monthly basis.

Monthly student loan payments are an example of a(n)________ expense.

If you are self-employed or your employer does not offer retirement benefits,you should set up your own retirement program.

Special retirement AFTER-TAX savings accounts created by the government are ________.

An arrangement that replaces the income of a person who dies is ________ insurance.

Disability insurance protects your home and the contents inside.

How can online resources and software help with money management?

Paying off all credit card debt is an example of which step of financial planning?

Business Basics

Economics and Banking

Ethics in Business

Business in a Global Economy

Small Business and the Entrepreneur

Forms of Business Ownership

Business Management and Organization

Motivation, Leadership, and Teamwork

Human Resource Management

Online Business and Technology

Production, operations, and the Supply Chain

Marketing and Consumer Behavior

Product Development and Pricing Strategies

Promotion and Distribution

Financing and Tracking Business Operations

Investment Opportunities in the Securities Market

Business Law

Constructing an Effective Business Plan

Business Communications

Finding a Job

Filters

Exam 21: Personal Finance

What is a credit score?

You were in the bookstore and,at the last minute,decided to buy a pack of gum.The gum is MOST LIKELY an example of a(n)________ expense.

What is the difference between defined benefit plans and defined contribution plans?

The value of a new car depreciates ________ percent almost as soon as it is driven off the dealer's lot.

You earned $20,000 in taxable income.The tax rate on the first $10,000 is 10%.The tax rate on income between $10,001 and $20,000,inclusive,is 20%.Your tax is ________.

________ expenses are items such as taxes or donations that are paid,but not on a monthly basis.

Monthly student loan payments are an example of a(n)________ expense.

If you are self-employed or your employer does not offer retirement benefits,you should set up your own retirement program.

Special retirement AFTER-TAX savings accounts created by the government are ________.

An arrangement that replaces the income of a person who dies is ________ insurance.

Disability insurance protects your home and the contents inside.

How can online resources and software help with money management?

Paying off all credit card debt is an example of which step of financial planning?

Business Basics

Economics and Banking

Ethics in Business

Business in a Global Economy

Small Business and the Entrepreneur

Forms of Business Ownership

Business Management and Organization

Motivation, Leadership, and Teamwork

Human Resource Management

Online Business and Technology

Production, operations, and the Supply Chain

Marketing and Consumer Behavior

Product Development and Pricing Strategies

Promotion and Distribution

Financing and Tracking Business Operations

Investment Opportunities in the Securities Market

Business Law

Constructing an Effective Business Plan

Business Communications

Finding a Job

Filters