more than sufficient to maintain the rate of those who receive benefits for the next 100 years. Name the three factors that creates significant global investment risk for those who choose to invest in foreign companies? When the value of money goes down. The law of Supply states that the higher the price of the good, the more producers will supply of that good. David Drew invested $5,000 in the common stock of a domestic oil company two months ago. In addition, they had conducted a research study on the effec- - A particular window company is required to tell customers that the company cannot guarantee the child-safety locks on their windows - The Better Business Bureau receives information from consumers that a particular shoe company has inferior soles that keep falling apart What type of investment alternative is represented in this example? A cash flow statement represents the value at what a person is currently worth. Which of the following creditors does NOT typically offer an open-end credit arrangement? Which of the following investments options offers the lowest risk as a source of investment income due to its predictable nature? The credit score of individuals helps determine the interest rate that they will pay on a credit card. Explain. by elanham. E 5 team composition The People Who Develop IS B 8. You deposit $13,500 in a saving account earning 9% annual interest. Based on this decision, he will be unable to invest the money in Burger King Corporation stock. But, his wife and two sons desperately need the money from his paycheck to purchase groceries and decorations for a party on Sunday. List the five criteria by which savings plans may be evaluated. [ Chapter 9 / Money in Review Flashcards | Quizlet. financial goals: Richie Branson is beginning the process of creating his personal financial plan. Marlin Corporation earned $68,000 in profit during the last fiscal year. Jon Crane is trying to determine whether or not it would be a good idea to try to obtain a loan to purchase a new car for his wife. Automatic payments allow a bank to withdraw an amount for payment from a customer's account and electronically transfer it to a company or lender. Dan uses the $500 per month to pay off his credit card debt. File Drawers, Series of Folders, or Cardboard boxes. Which of the five C's is Skip's lender checking to see if Skip will be approved for this loan. b answers Hence, he oftentimes pays bills late and therefore his credit rating has declined significantly. Debt. The first step in effective money management is to organize your personal financial documents. 35 terms. Unfortunately, all of the contents of the home were ruined and Henry did not have insurance to cover the loss. How much money must you deposit now in an account earning 5% annual interest in order to earn enough interest to withdraw $3,000 each year for ten years? If a person misses a payment on a loan, that missed payment will affect a person's credit score for exactly three years. What term best describes this maximum amount of money that MasterCard will allow him to borrow? Joseph Chill applied for an automobile loan to purchase a Jeep Wrangler. Short-term needs include things such as home ownership, education of children, and retirement. Calculate Willie's net cask flow. lex__willPLUS. What is the maximum amount of money that he may borrow under the terms of this type of loan? Investors fear terrorists who threaten to destroy pipelines and oil rigs of American companies around the world. The J.T. A 4. Which of the following is NOT a means by which people may increase their net worth? Along with the answer key you can use some other techniques for speeding up the lectures. this exam includes some parts all of the quizzes i offer but you may purchase separately if desired. Skip Smith went to U.S Bank to try to get a mortgage loan for a new house that he wants to buy. You deposit $2,000 annually in a savings account earning 7% annual interest. The amount of money a person earns (from their job) before taxes are taken out is called what? No, The Equal Credit Opportunity Act protects borrowers from discrimination based on marital status. Current liabilities are debts that have to be paid within _____________. Although the company continues to increase its profits each quarter, its stock price has declined due to an overall negative trend in the stock market. It means the country's economy is having an inflation. Thank you for registering for an NGPF Teacher Account! Played 415 times. A FICO score of 780 typically indicates a borrower with low creditworthiness. 2. Peter Venkman sells his friend, Egon Spengler, a microscope for $50. ____________ is the price paid for the use of the money of others. A tax-deferred savings plan requires that no taxes be paid on the interest earned. Which of the following personal financial statements would Danny use to calculate his net worth? English 12 … One disadvantage of using a home file system to store personal financial documents is the risk of theft or destruction. They decide to offer $1,000,000 new shares of common stock at the current rate of $5.00 per share. Upon earning each paycheck, Jim invests his money in a variety of stocks, bonds, and mutual funds with varying levels of risk. Automated Teller Machines (ATM) is what type of financial service? Which of the following investments options offers investors the least possibility for investment income? Mutual Funds are beneficial to investors with little financial experience because they are managed by professionals. However, the management of the company estimates that it needs $5,000 to effectively market its product to its target market. Egon is writing a check to Del in the amount of four hundred and fifty dollars. The amount of take-home income that remains after taxes and other deductions. Explain. What term best describes this type of law? Tom Edison recently started a job working as an electrician for a local contractor. 1. James Gordon pays with cash for all goods and services that he purchases. Use of a debit card to purchase a new baseball glove. Fema Is 100 C Answers Quizlet - Answers Fanatic Fema Is 100 C Answers Quizlet. Which of the following institutions is NOT an example of a typical source of consumer credit? Dan currently deposits $500 per month in a saving account as part of his plan to achieve his financial goal of accumulating $50,000 in five years. What term best describes Michael's cash flow situation in this scenario? What banking service could Jimmy use to pay his bills on time and avoid any negative effects on his credit rating? Hence, he usually must wait to deposit his paycheck in his checking account until Monday. A financial goal that will take eight months to achieve represents an example of an intermediate goal. Spending $250,000 on the purchase of new home has a higher liquidity risk than depositing the money in a saving account. Since the purchase, he has paid $25,000 in principal towards his mortgage, and his home was appraised last month at a value of $340,000. Gravity. Based on the scenario provided, Salvatore would most likely be denied credit from a lender based on which of the following factors? The board of directors of the company has decided to use the earnings to pay its stockholders. Del Griffith earns a bonus at his job and receives a check in the amount $4,000. exam. Offering larger down payments on loans typically lowers the interest rate for borrowers. He has calculated his total current debt and his monthly income. What banking service could Gabe have utilized to avoid this situation? McDermott Incorporated recently invented a new style of car safety seat designed to minimize injuries to small children in the event of accident. A Ford Mustang represents an example of a need. The main purpose of a life insurance company is to provide financial security for dependents. American Express, Wells Fargo, and Bank of America represent examples of entities that lend money to consumers. The Universal Default clause in a credit card agreement allows a credit card company to automatically increase the interest rate of a cardholder due to the their delinquency on payments elsewhere. tional tests in economics and personal finance. He decides that he wants to deposit his monthly paycheck at a bank that offers a full range of services. Find Test Answers Search for test and quiz questions and answers. D II. Therefore, Joseph decided to postpone his purchase of the car until he could significantly raise his score. He has several friends who have accumulated substantial debt during the first year of college. John McClane is trying to determine whether or not to use a safe-deposit box to store some of his financial documents and records. ________________ are beliefs and principles that you consider important or desirable. Start studying Personal Finance Final Exam. A 7. What is the term used to describe a customer request that a financial institution not cash a particular check? Maximum amount of money a creditor will allow a credit user to borrow, A loan with a certain limit on the amount of money that may be borrowed for a variety of goods and services, Cardholders that pay off their balances every month, The cost of credit on a yearly basis, expressed as a percentage, A prior pledge of assets used to secure a loan, The amount by which your assets exceed your liabilities, A number used to indicate the creditworthiness of an individual, Which of the following scenarios will cause a borrower to pay a higher total loan amount over the course of the loan? osha 30 hour general industry final exam answers / osha 30 hour general industry test answers / osha 30-hour general industry final exam / va dmv vision test chart / ssd2 module 1 exam quizlet / test examen cabo guardia civil / dmv schedule road test dc / plato learning answer key for personal finance / taxation reviewer for cpa board exam 2019 / butterworths questions and answers … E 3 B – Diamond Family IS Methodology. ____ 2. He intends to use the money in three years to purchase a new mobile home. The Producer Price Index (PPI) measures the change in prices for commonly purchased goods and services in the United States. Harry Reynard invests $15,000 in the common stock of an airline company. A 15-year-old high school student looking to mow neighbors' lawns. Martin Riggs wants to deposit $30,000 into a savings plan. Harvey Dent purchased a new home five years ago for the price of $310,000. What term best describes the ability to buy or sell an investment quickly without substantially affecting its value? What term best describes the $68,000 in earnings distributed by the company? A person who pays their credit cards bills on time and in full are called what by credit card companies? Credit Bureaus collect information on how promptly individuals and businesses pay their bills. However, his job as a technology consultant requires him to travel out of town regularly. Provide him with two advantages and two disadvantages of using a safe-deposit box. The interest rate for the plan varies from month to month. Provide two examples of home file systems that Hans may choose to use. The situation that occurs if you spend more money than you receive. Michael Palledorous recently bought a refrigerator for the price of $1,700 using the money he earned on an investment in the stock market. Total Current Savings and Monthly Expenses. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The law of Demand states that the higher the price of the good, less people will demand of that good. Which of the following is NOT an example of an asset? Advantages: highly secure, insured against loss. Question Number Answer Level 1 Head Reference for Answer Difficulty 1 B – Elaboration The Stages and Activities of System Development. His expenses for the month total $2,150. Fake venom carts assessment exam and will i receive any hard copy .Start studying Financial Accounting Final Exam. C 11. The Phelps family intends to borrow $75,000 from a bank in approximately one year for the construction of an elaborate in-ground swimming pool. Peter decides that he will simply give the $50 check from Egon to Ray to satisfy his debt. Flashcards. D 2. Lester Murphy lends $10,000 to XYZ Corporation in exchange for the written pledge of the company to pay him periodic interest and the face value of the loan after a period of time. When writing a check from a joint checking account, both owners of the account must sign the check. At the time of the purchase, Harvey borrowed $250,000 from National Mortgage Company. Short Answer Essay 1. The bank statement amount for a person's checking account is the same as his check register at time the person receives the statement. 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