Finance
daniels3475
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Suppose that yours is a typical family. Your annual income is $50,000. Use the easy method to determine your need for life insurance. Your insurance should be in the amount of |
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To improve the return on your investments, you should NOT: |
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When an investor purchases shares in a load fund, the average sales charge is usually ____________ percent. |
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Which one of the following is not a true statement? |
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A prime reason for buying an annuity is to |
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Suppose that yours is a typical family. Your annual income is $35,000. Using the easy method, what should be your need for life insurance? |
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The premium for noncancelable and guaranteed renewable disability income insurance is higher, |
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A bond that is backed only by the reputation of the issuing corporation is called a(n) ____________ bond. |
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Which one of the following statements is correct? |
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Medicare medical insurance (Part B) helps pay for |
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Which of the following wills leaves everything to your spouse? |
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A corporation whose stock is owned by relatively few people and is not traded openly in stock markets is called a(n) ____________ corporation. |
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Which of the following statements is not true? |
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What is the approximate market value for a $1,000 corporate bond that pays 8 percent interest when comparable bonds are paying 9 percent interest? |
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A federal tax levied on the right of a deceased person to transmit his or her property and life insurance at death is called ____________ tax. |
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The type of bond that is not registered in the investor's name is a ___________ bond. |
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The first step in stretching your retirement income is to make sure that you are |
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Which one of the following is the most widely used source of retirement income? |
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Which of the following is not a true statement? |
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If you want a risk-proof real estate investment, invest in |
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Which health care program is administered by the Centers for Medicare and Medicaid, Services a federal agency? |
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Which of the following publications does not provide readers with an annual survey of mutual funds? |
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The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is called the |
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A Series EE savings bond purchased after May 1997 provides |
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Equity capital is money |
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The maximum tax rate on estates and gifts |
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On small gold bars, dealers and banks add ____________ percent premium over the pure gold bullion value. |
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Which document explains, adds, or deletes provisions in your existing will? |
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What is the approximate market value for a $1,000 corporate bond that pays 9 percent interest when comparable bonds are paying 8 percent? |
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Assume that you purchased 100 shares of Exxon stock for $55 a share, that you received an annual dividend of $2.00 a share, and that you sold your Exxon stock for $65 a share at the end of one year. What is the total return for your investment? (Ignore commission amounts for this question.) |
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If a bond was quoted in the newspaper at 88 3/4, the price in dollars was |
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A method of evaluating the cost of life insurance by taking into account the time value of money is called |
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The grace period allows ____________ days to elapse, during which time the premium may be paid on an insurance policy. |
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Which plan provides benefits for surgical and medical services performed by physicians? |
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When a bondholder loses money because interest rates in the economy increase, it is an example of ____________ risk. |
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A type of investment that combines and invests the funds of many investors and manages it with a professional manager is called a(n) |
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If overall interest rates in the economy rise, a corporate bond with a fixed interest rate will generally |
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Which of the following is a possible disadvantage of real estate investments? |
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Which one of the following expenditures for retirees is likely to increase? |
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A 1 to 5 percent fee that investors pay when they withdraw their investment from a mutual fund is called a(n) |
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The second part of estate planning consists of |
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Subject to certain minimums, which life insurance is designed to let you pay premiums at any time in virtually any amount? |
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A good rule of thumb is to limit installment payments to ____________ percent of your net monthly income. |
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A mutual fund in which no sales charge is paid by the individual investor is called a(n) ____________ fund. |
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To calculate current yield, the annual income amount is divided by |
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You can avoid storage and assaying problems by investing in |
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A legal arrangement through which your assets are held by a trustee for your benefit or that of your beneficiaries is called a |
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All of the following statements are considered to be good advice for the potential investor before starting his or her personal investment program except: |
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A state tax levied on the right of an heir to receive all or part of the estate and life insurance proceeds of a deceased person is called ____________ tax. |
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A bond that can be exchanged, at the owner's option, for a specified number of shares of the corporation's stock is called a(n) ____________ bond. |
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Earnings that are reinvested in a corporation are called |
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Fundamentally, group insurance is ____________ insurance. |
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In 1911, the first state law regulating securities transactions was passed in |
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A special form of the limited payment plan is the ____________ premium policy. |
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Insurance experts have estimated that extra costs of up to $____________ a year may be required to replace the services of a homemaker in a family with small children. |
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Standard & Poor's rates municipal bonds that mature in three years or less. According to Standard & Poor's their highest rating is |
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In what type of ownership is each individual considered to own a proportionate share for tax purposes with only your share being included in your estate? |
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Perhaps the most common settlement options in a life insurance program are |
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A request that an order be executed at the next available opportunity after the market price of the stock reaches a specified price is called a ____________ order. |
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An individual who helps investors decide when to switch their investment from one fund to another fund is called a(n) |
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Which type of insurance protects against the large expenses of a serious injury or a long illness? |
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The prices of life insurance policies |
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To safeguard investments, stock owners who believe that the price of their stock will go down during an option period will purchase a |
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Which type of REIT invests directly in properties? |
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Under what type of will does everything pass to your spouse, with the exception of an amount equal to the exemption, which passes into trust? |
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A legal document authorizing someone to act on your behalf is called a |
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Aside from a home, the real property investment most widely favored by the small investor is |
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The life expectancy of a female at the age of 30 is 47.65 years. It means that |
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In choosing health insurance, ideally, you should |
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Which of the following is the most readily available source of current price information for an investment in stocks or bonds? |
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Over many years, index funds have outperformed almost _____ percent of all managed funds. |
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Your life insurance policy is valuable only if it |
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A(n) ____________ trust is a property management arrangement that you establish while you are alive. |
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Which type of will involves serious risks of invalidity and may not reflect the provisions of current law? |
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Illiquidity in real estate means that |
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A request that a stock be bought or sold at the current market price is called a ____________ order. |
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Individuals and families purchase life insurance to |
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Generally, U.S. government securities issued by the Treasury Department |
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Twenty years ago, you began investing $2,000 a year. Because your investments earned an average of 8 percent a year, your investment portfolio has a current dollar value of $92,000. How much did you earn on your investments over the 20-year period of time? |
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A beneficiary is a person who |
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General Electric has a current market price of $75. The corporation has paid a dividend of $3.75 over the last 12 months. What is the current yield? |
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Investors purchase corporate bonds for |
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Which one of the following statements is true about estate planning? |
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According to Ibbotson Associates, which of the following investments is projected to earn the largest return between now and the year 2025? |
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Typical examples of uses of life insurance proceeds are |
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Which one(s) of the following is(are) true statement(s) about retirement planning? |
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A very safe investment that generally attracts conservative investors is called a(n) ____________ stock. |
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Which one of the following investments in real estate does not provide diversification? |
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Which of the following statements does not accurately describe a line of credit? |
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The Tax Reform Act of 1986 dictates that for commercial property, the following depreciation method must be used: |
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Becky Martinez owns stock in GBX Corporation. The GBX stock has a market value of $50 a share. If Becky receives $4.50 a year in dividends, what is the current yield? |
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You can get a reverse mortgage annuity if |
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Suicide clause means that the insurance company |
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Reverse annuity mortgages are |
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Which of the following statements is correct? |
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A stock that follows the business cycle of advances and declines in the economy is called a(n) ____________ stock. |
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Which type of health insurance is simply a bad buy? |
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Why is financial planning for retirement vitally important? |
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In order to be listed on the New York Stock Exchange, a corporation must do all except one of the following. Which of the statements below is incorrect? |
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