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Financial Planning Semester Final

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1.
2 points
Assigning your voting right to someone else is known as a ____. (12)
2.
2 points
Which of the following is not a characteristic of common stockholders? (12)
3.
2 points
All investment alternatives have advantages and disadvantages. (11)
4.
2 points
What can be said about change? (1)
5.
2 points
A rate that includes compounding is called ____. (10)
6.
2 points
Interest paid on the principal plus interest already earned is called ___. (10)
7.
2 points
How are stocks of well-known companies classified? (12)
8.
2 points
Money left over after you have paid bills is ____. (10)
9.
2 points
The amount of money deposited by a saver is called ___. (10)
10.
2 points
What is a technique for estimating the number of years required to double your money at a given rate of return? (11)
11.
2 points
Stocks that pay regular dividends to investors. (12)
12.
2 points
A will passes title to all of a person's property, even property held in joint title. (15)
13.
2 points
An inexpensive, short will that divides property at death is called a ___. (15)
14.
2 points
Convenience is a reason why many people choose a financial institution. (10)
15.
2 points
You will receive the greatest gain on your principal if interest is compounded ____. (10)
16.
2 points
____ describes emergencies, weekend trips, and social events. (10)
17.
2 points
You need to read newspapers and magazines to keep up with what is going on in the world. (1)
18.
2 points
All that a person owns, less debts owed, at the time of ther person's death is ___. (15)
19.
2 points
If you die without a will, you are said to be ___. (15)
20.
2 points
The type of stock that has voting right is called ___. (12)
21.
2 points
Which of these is not an advanced degree? (1)
22.
2 points
Companies reinvest their profits so the business can grow and expand use ___. (12)
23.
2 points
What is the legal document authorizing someone to act on your behalf to handle you personal affairs? (15)
24.
2 points
A stock that remains stable during declines in the economy is known as ___. (12)
25.
2 points
Stockholders can lose personal assets when the business fails. (12)
26.
2 points
A mutual fund has the disadvantage of professional management and diversification. (11)
27.
2 points
The more risk you are willing to take in investing, the more you stand to gain or lose. (11)
28.
2 points
A relatively small, short-term loan that is intended to cover a borrower's expense until his next payday is called a ___. (NEFE)
29.
2 points
Growth stocks reinvest profits so the business can grow and expand. (12)
30.
2 points
Which of these is not considered a job benefit? (1)
31.
2 points
A person may give ___ to one person per year without paying the federal gift tax. (15)
32.
2 points
Beginning investments should be ____. (11)
33.
2 points
The largest stock exchange in the United States is the New York Stock Exchange. (12)
34.
2 points
The person who makes (signs) a will is the ___. (15)
35.
2 points
Upgrading means advancing to a higher skill level to increase your usefulness to an employee. (1)
36.
2 points
A financial or physical asset used to secure a loan is called ___. (NEFE)
37.
2 points
The price os using someone else's money is known as ___. (NEFE)
38.
2 points
Principals of morality or rules of conduct are called ____. (15)
39.
2 points
When should estate planning begin? (15)
40.
2 points
Benefits include salaries, overtime pay, and unemployment compensation. (1)
41.
2 points
A bull market is characterized by rising stock prices. (12)
42.
2 points
Probate is a court proceeding to validate and process the will of a person who has died. (15)
43.
2 points
Which of these strategies is not a wise investment practice? (11)
44.
2 points
The date on which a certificate of deposit is due is called the _____. (10)
45.
2 points
For use of the saver's money, the financial institution pays the saver money called principal. (10)
46.
2 points
The type of stock with fixed dividends is known as ___. (12)
47.
2 points
When your employer puts your paycheck into your bank account its called ___. (10)
48.
2 points
Liquidity is a major advantage to regular savings accounts. (10)
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