The first step for financial planning is:

Determining and Evaluating Choices

What is the time value of money?

Increase amount of money due to earned interest or dividends

What does HMO stand for?

Health Maintenance Organization

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Questions 15

Answers

1
One example of non-taxable income is:
Dividends Earned on Stocks
Salary
Interest Earned on Savings
Child Support
2
A labeling method that indicates the freshness, or shelf life, of a perishable product is
Open Dating
Contact
Warranty
Unit Pricing
3
The sales tax is an example of which type of tax?
Progressive
Proportional
Excise
Regressive
4
The first step for financial planning is:
Prioritizing choice to make money go as far as possible
Organizing financial resources to achieve financial goals
Determining and Evaluating Choices
Avoiding $ worries by eliminating careless/wasteful spending
5
With the bank deducts payments from your account & transfers them to the appropriate companies.
Credit Cards
Automatic Bill Payments
Direct Deposit
Automatic Teller Machines
6
Money paid by one former spouse to support the other?
Child Support
Property Settlement
Alimony
Divorce Decree
7
You will receive the greatest gain on your principal if interest is compounded
Quarterly
Daily
Annualy
Semianualy
8
A legal document that establishes ownership is a(n):
Acceptance
Lien
Title
Deed
9
A blueprint or plan for managing all aspects of a person's money is called:
Financial Planning
Architectural Management
An undesirable financial burden
A focus plan
10
What is the time value of money?
The value of time in inflation
Increase amount of money due to earned interest or dividends
The time that it takes coins to increase in value
The amount of the dividend divided by the time invested
11
Which of the following accounts is the most liquid?
Checking Account
Savings Account
Money Market Account
Certificate of Deposit
12
What does HMO stand for?
Health Medical Organization
Health Maintenance Organization
Health and Medical Organization
Hospitalization and Medical Organization
13
Corporation's net, earnings/by # of shares of common stock is a measurement their performance
Earning per share
Dividend
Price-earnings (PE) ratio
Current yield
14
When interest rates are high, the average consumer will:
Buy nothing at all
Not change spending patterns
Buy Less
Save less
15
Earning a degree at a four-year college is a _____ goal for a high school sophomore.
Future Financial
Short-Term
Mid-Term
Long-Term

Personal Finance Flashcards | StudBud