Woman received expensive jewelry, she has home owners insurance

"I think I need a personal property floater."

a qualified investor buys 1000 shares of common stock at $50 a share on 50% margin. This means

brokerage firm is lending the investor 50% of the money

Before the Kiss Corporation can issue stocks or bonds, it must register the issue with

The Securities and Exchange Commission (SEC)

One of the reasons cigarettes are expensive is:

the government imposes an excise tax on them

purchased certificate pay specified amount to specific payee

A person's debt ratio shows relationship between debt and net worth. The lower the ratio the

better off financially the person is.

What is meant by an uncollateralized loan?

A personal loan without assets to cover the loan amount

The interest earned on United States Series EE Savings Bonds is

exempt from state and local taxes

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Questions 16

Answers

1
Woman received expensive jewelry, she has home owners insurance
"I realize if jewelry stolen will be vicarious liability."
"I will deduct the cost of the jewelry from my premium."
"I think I should get speculative risk insurance."
"I think I need a personal property floater."
2
$200 a month for clothing. This month spent $150 on clothing, budget item is considered
an outflow deficit
an income overage
a budget deficit
a budget variance
3
Gwen receives a bill from her auto insurance company, the cost of her policy is called the:
Co-insurance clause
Exclusion
Premium
Deductible
4
Which type of financial institution pays highest rate of interest on savings account balances?
Savings and loan associations
Credit unions
Commercial banks
Investment firm money market accounts
5
What is the largest equities market in the world?
American Stock Exchange
NASDAQ market
Over-the-counter (OTC) market
New York Stock Exchange (NYSE)
6
a qualified investor buys 1000 shares of common stock at $50 a share on 50% margin. This means
brokerage firm will own 50% of the 1000 shares of stock
brokerage firm is lending the investor 50% of the money
investor is buying 2000 shares
investor will pay only $5000 for the shares.
7
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with
The Securities and Exchange Commission (SEC)
The Federal Reserve
The World Bank
Its Board of Directors
8
One of the reasons cigarettes are expensive is:
their cost controlled by Food and Drug Administration (FDA)
tobacco industry imports most of the tobacco
the government imposes an excise tax on them
tobacco supply controlled by Federal Trade Commission (FTC)
9
Money orders are
Distributed by the Treasury Department
purchased certificate pay specified amount to specific payee
certified check used pay specified amount to specific payee
Available for no fee at banks and retail stores
10
A person's debt ratio shows relationship between debt and net worth. The lower the ratio the
less liquid assets the person has
more liquid assets the person has
better off financially the person is.
worse off financially the person is.
11
time time value of depositing $100 in savings account, person needs to know interest rate and
whether the bank offers overdraft protection
her total income
the rate of inflation.
whether the account is FDIC protected
12
What is meant by an uncollateralized loan?
loan not backed by co-signer who agrees to cover loan
A loan taken on a life insurance policy
A home equity loan
A personal loan without assets to cover the loan amount
13
Which of the following is considered to be open-end credit?
A car loan
A mortgage
Department store charge cards
Installment loans
14
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
Federal Deposit Insurance Corporation. (FDIC)
US Treasury Department
Federal Reserve Board
State Banking Commission
15
The interest earned on United States Series EE Savings Bonds is
equal to the money paid to purchase it
exempt from state and local taxes
deducted at the time of the bond's purchase
paid in a lump sum at time face value on the bond is reached
16
Money received today is worth more than same amount of money received sometime in the future is
The Rule of 72
Not true
The time value of money
Investing

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