BCE FInal

Drawbacks of an HMO include

Under the Affordable Care Act, all health care plans must cover ten essential benefits of adequate coverage

Certificates of Deposit tend to pay a higher interest rate than money market accounts because

It is not necessary that your values be consistent with your financial and lifestyle goals.

The sum total of all economic activity is broadly measured by the gross domestic product.

There are no fees charged for a stop-payment order.

Disposable income is income

Compound interest is the calculation of interest on interest as well as on the original investment.

The largest potential financial loss resulting from premature death is lost income.

Simple interest is the interest computed on principal only, w/o adding the interest to the principal.

Checks allow you to transfer funds from your account to other people and organizations.

You are legally required to include which of the following in gross income?

Which of the following types of payment instruments could you get at your local post office?

The FDIC currently insures against loss of up to how much per person in an individual account at any one institution?

The skills employers want the most include all of the following except

Which of the following is not a benefit of a savings account?

The time period between billing dates on your credit card is the

Credit bureaus compile information from

The outstanding balance owed on a debt is the

Which of the following would not be considered as securities

a stop-payment order works only if the check has not yet cleared your financial institution.

If one is covered by workers' compensation, he or she probably does not need additional health insurance coverage.

Personal finance is the study of personal and family resources considered important in achieving financial success.

Cash value life insurance is sometimes called permanent insurance.

A business cycle is a pattern of economic activity that includes expansion, peak, contraction, and trough.

___ is (are) the portion of a company's profile that the firm pays out to its shareholders

Tax avoidance is illegal whereas tax evasion is legal.

The main purpose of a cover letter is to indicate a desired salary.

The sticker price on a new car is typically the final sales price.

As a result of health care reform Patient Protection and Affordable Health Care Act, a child may stay on parent's plan

Which of the following is classified as an investment asset?

Which is the following reason why you should reconcile your bank account regularly?

Life insurance is insurance that protects against financial losses resulting from death.

Earned income is reported to the recipient on a

The Internal Revenue Service is the agency that collects federal income taxes.

A balance sheet includes ___, ___, and ___.

For benefits to begin under a long-term care plan, the patient must

A lender can legally discriminate in granting credit based on

Financial planning is the process of developing and implementing short-term plans to achieve financial objectives.

A portfolio is a collection of investments assembled to meet your investment goals.

Effective career planning will help you identify an employment path that aligns to your interest and abilities.

Common stockholders elect

The interest rate you earn on your checking and savings account can vary with the amount you have in the accounts.

When you leave an employer, you have the right to continue your health insurance for a specified period of time.

Prior to a job interview, you should learn about the company, its competitors and the industry.

Capital gains or losses are not realized until one actually sells the investment.

Which of the following deductible expenses can be prepaid for tax purposes?

Which of the following could incur fees and penalties on a checking account?

Taxes are defined as compulsory charges imposed by a government on its citizens and their property.

Which of the following statements about job interviews is correct?

If you have a(n) ___ investment philosophy, you accept very little risk and are rewarded with lower rates of return.

Which of the following is an example of unearned income?

Which of the following taxes is progressive?

A modest funeral can easily cost more than $10,000.

___ invest in highly liquid, relatively safe securities with very short maturities

Your resume should include a complete list of functions and responsibilities that you had in your previous jobs.

Common stocks pay interest to the stockholder.

After a job interview, send thank you note expressing appreciation and restate interest in the position.

Union or professional dues qualify as a miscellaneous itemized deduction.

If you cut up your credit card, the account is effectively closed.

Misrepresenting a few small facts/exaggerating during interview is expected and shouldn't have neg. impact on job search

Investment risk is the possibility that an investment may lose value.

When illness or injuries strike, which of these issues may affect your finances?

The cost of credit on a yearly basis as a percentage rate is called the APR.

How can a person transfer money out of their checking account?

Which type of insurance provides reimbursement for costs associated with custodial care in a nursing facility or a home

In preparation for a job interview, you should

The average corporation pays out 40 to 60 percent of its after-tax profit in cash dividends to stockholders.

Younger adults may stay on a parent's health care plans until age 22 or graduating from college.

A group healthcare plan is sold collectively to an entire group of persons rather than individuals.

All stocks pay dividends.

A borrower who failed to make a payment of principal/interest when due or meet any other requirement of credit agreement

Credit cards allow repeated use of credit as long as you make the minimum monthly payments.

Liquidity is the speed and ease with which an asset can be converted to cash.

Investors with a(n)__ investment philosophy seek capital gains through slow and steady growth in the value of investment

Food, clothing and entertainment are examples of

You can file an amended tax return to correct errors in a tax return for the previous five years.

The larger the down payment one can make on a purchase, the easier the payment will fit into budget.

After the job has been firmly offered to discuss salary, you can give a definitive dollar amount.

Rent and vehicle insurance payments are examples of

State sales tax is an example of a regressive tax.

Which of the following resources would be least helpful in your job search?

The Federal Reserve Insurance Corp (FDIC) insures accounts in

Which of the following is not defined as part of gross income?

A cashier's check is drawn on the account of the financial institution itself.

A shareholder is also called a stockholder.

The person who controls all rights granted by a life insurance policy is called the

Both alimony and child support received are considered part of gross income for income tax purposes.

Credit is a term used to describe where goods, services o money is received in exchange for a promise to repay later.

Which of the following statements about STEM majors is correct?

In times of moderate to high inflation, people on fixed incomes suffer.

A loan to purchase real estate in which the real estate itself serves as collateral is a __ loan.

Buying a home represents the largest expenditure most people ever make.

The best known defined-contribution plan is the ___

When you request that someone write a reference letter you should provide the person with your resume.

It is becoming increasingly common for health care plans to offer lower rates to persons with a healthy lifestyle.

Your credit card liability for fraudulent usage of your lost or stolen credit card is limited to $___ if you report it.

A tax that requires a higher income person to pay a higher percentage of his or her income in taxes is called a ____ tax

When no employer-sponsored retirement plan is offered, you should contribute to a(n)___