Midterm Essay

447 Words2 Pages
4) Which federal agency insures bank deposits? A. Federal Reserve B. SEC C. FDIC D. FSLIC 5) Which of the following is not one of the steps in the personal financial planning process? A. Identifying and evaluating alternative strategies for achieving goals B. Choosing a financial planner C. Implementing a plan for achieving goals D. Developing short-term and long-term financial goals 6) Which of the following would be considered a transaction account? A. certificate of deposit B. savings account C. mutual fund account D. checking account 7) Which of the following is included in a typical financial plan? A. Photographs of your family B. A copy of your latest checking account reconciliation C. A copy of your driver’s license D. An estate plan, including a will 8) Which of the following is an advantage of using a debit card? A. They help control overspending. B. They cause an immediate electronic withdrawal from a bank account. C. They free customers from carrying cash or checkbooks. D. They are not accepted at all retail stores. 9) Which of the following is not included in a typical financial plan? A. A plan for protecting your assets with insurance B. A retirement plan C. A career plan D. A fund for financial emergencies 10) When should you re-evaluate and, possibly, revise your financial plan? A. When you graduate from college B. When you have a new baby C. When you get a new job that pays significantly more money than your current job D. All of the above 11) For the overall U.S. market, how is inflation measured? A. change in GDP B. change in Producer Price Index C. change in Wholesale Price Index D. change in Consumer Price Index 12) Which of the following is not a situation to re-evaluate and, possibly, revise your financial plan? A. When you graduate from

More about Midterm Essay

Open Document