W!SE Financial Planning & Regulatory Agencies

Question 1

Graduated Income Tax

Accepted Answer

a rate that increases as income goes up

Question 2

Earnings given to people who are shareholders of stock is:

Accepted Answer

Dividends

Question 3

Consumers like low prices, but during prolonged deflation the economy suffers.

Accepted Answer

True

Question 4

The Federal Reserve System can regulate money supply with all of these 3 monetary policies EXCEPT:

Accepted Answer

Coupon Rate

Question 5

Which is FALSE about the SEC?

Accepted Answer

Southeastern Conference Football Commission, regulate University stocks

Question 6

Diversification increases the risk of investments.

Accepted Answer

False

Question 7

T-Bills, or Treasury Bills, are short term loans ($1000- $5 million) sold to operate the US Government.

Accepted Answer

True

Question 8

Unsecured loan is obtained with a car or a house.

Accepted Answer

False

Question 9

Net Worth

Accepted Answer

Total Assets minus Total Liability

Question 10

The Federal Reserve is the central banking system in U.S., and informally known as "The Fed"

Accepted Answer

True

Question 11

Liabilities are

Accepted Answer

all of the above

Question 12

Consumer Financial Protection Bureau (CFPB) regulates financial products/services but has no independent decision making

Accepted Answer

False

Question 13

Pension plan is a retirement plan sponsored by an employer.

Accepted Answer

True

Question 14

Mutual Fund Manager only manages one investment type.

Accepted Answer

False

Question 15

During a Depression,

Accepted Answer

All of the Above

Question 16

Collateral loan is secured by a car or a house

Accepted Answer

True

Question 17

FDIC does NOT insure funds in a credit union

Accepted Answer

True

Question 18

Predatory Loans pay low interest rates.

Accepted Answer

False

Question 19

Investment Portfolio is a set of investments held by one person or an institutional investor.

Accepted Answer

True

Question 20

Pawnshops offer collateralized loans

Accepted Answer

True

Question 21

Which is false?

Accepted Answer

405k is a tax deferred account for employee retirement savings

Question 22

Assets are

Accepted Answer

All of the Above

Questions 22