Chatt State Exam

To establish creditworthiness you probably should first

Corporate ownership is evidence by

Health ins with $500 calendar year deductible, $2,000 out of pocket cap, and 80% coinsurance. Has $600 loss what ins pay

A market order would be transacted at the

Which of the following are characteristics of a limit order?

__ would ne considered taxable income

Funds in a __ must remain on deposit for a stated time period in order to avoid and interest penalty

The principle of __ states that an insured should not be compensated by an ins comp in an amount exceeding the econ loss

Kim's net worth is $85,000 and her total assets are $100,000. What is Kim's solvency ratio?

For tax purposes, head of household refers to

Universal life insurance is

Which public assistance program provides health insurance benefits to those who are unable to pay?

The Annual Percentage Yield is the same as the

The income statement includes

Government places controls on the personal financial environment by use of

Medicare is a government-sponsored health care plan composed of Part A and B. Part B covers:

A mutal fund's NAV is its

Selling equities you don't own and buying them back to cover the sale is

In Investment terminology, selling stock that you have borrowed is known as

Earnest money is the sum of money the home buyer deposits with the

When simple interest method is used to determine finance charges, the interest is calculated base on the

One of the more appealing features of a common stock is that stock investments

At the end of lease period, you turn in car and you don't pay extra based on residual value. You have __ lease.

Russ and Lois have a home $96,000 and mortgage of 60,000. Their lender provided home equity of 75%, what can they borro

Stock profitability is often measure by

The basic purpose of insurance is

A bond selling below par value is selling at

_ risk results from the behavior of investors in the securities market.

A diversified securities is characterized by

Which of the following is an order to sell a stock when the market price drops to or below a specified level?

A liability suit could result when

Inflation refers to

Generally, actual cash value is defined as

Underwriting is best described as

___ would not be listed as a liability on you balance sheet

If you write a check for an amount greater than your account balance, the result will be

An example of event risk would be

The proper name of the so called short form is

The total amount that you owe for income tax in one year is your tax

__ could be deducted on your Federa income taxes

Most lenders do not want mortgage payments to exceed _ percent of your gross monthly income

Disability income insurance provides benefits that are designed to

A check you wrote to buy shoes last week has not yet been processed by the bank. It is said to be

If your employment if terminated, COBRA provides for

A characteristic of defensive stocks is

Another name for a mutual fund is

The federal government regulates securities markets through the

The average propensity to consume refers to

A fund that invests only in a particular industry would be a __ fund

The last step in the financial planning process is to

Homeowner's property insurance does not provide protection on the

You have been offered an opportunity to buy shares of diversified collection of secuirities. You will be investing in

If your total assets equal $50,000 and you total liabilities equal $15,000; your debt ratio

You would not include __ on an income and expenditures statement

When you receive the title to an individual unit and joint ownership of any common areas and facilities, you purchased

The maximum loantovalue ratio a lender will accept on $100000 loan is 80% then the borrower must make a down payment

The interest rates and monthly mortgage payments will not change over the life of your mortgage; you have

Your right to continue a health insurance policy if you choose is known

The interest rates and monthlu mortgage payments will not change over the life of your mortage; you have a

The __ is really a second mortgage on your home

The balance sheet equation is

You are solvent if your

A life insurance policy should contain all the following except

Itemized deductions are listed on Schedule

The asset most likely to be specifically itemized in a property insurance endorsement

During a bull market