Virtual Business Semester Exam Review Question Preview (ID: 28362)

a) Homeowners

b) Auto

c) Deductible

d) Identity theft

a) The discount you deduct from your premium

b) The amount of the loss you pay

c) The amount that is deducted when you buy a policy

d) The discount received by a health care provider

a) Get you a lower price on a home

b) Arrange for you to tour homes that you are interested in purchasing

c) Assist you at closing

d) Both b and c

a) 70%

b) 40%

c) 100%

d)

a) A good location will make a home easier to sell later

b) Homes in good locations will usually appreciate in value

c) Not all locations have good school systems or the same amenities

d) All of the above

a) Should be prepared every six months by a different financial advisor

b) Is a good way to build toward a financial goal

c) Will always have funds from a single mutual fund company

d) Will focus on small-cap stocks for those people who do not like risk of any kind

a) As soon as you enter the workforce

b) Before age 50 and not after

c) After age 50

d)

a) It focuses investments on a single stock to take advantage of growth potential

b) Mutual funds have higher fees than individual stocks

c) Interest rates rise and fall

d) It spreads the risk of investment

a) Focus all risk on the U.S. economy

b) Keep your portfolio dependent solely on the U.S. dollar

c) Diversify into municipal and corporate bonds

d) Diversify holdings to spread risk outside the U.S. economy

a) Thirty U.S. stocks

b) Thirty municipal bonds

c) Thirty globally diverse stocks

d) Thirty U.S. industries

a) A number set by the government that causes prices to rise

b) A number measured by the government that describes the changing prices of everyday goods

c) Automatically subtracted from interest rates quoted by banks for their savings accounts

d)

a) The real cause of the 1929 stock market crash

b) A government program that funds all interest payments for savings accounts

c) A government insurance program that will pay back account holders if the bank or lending institution fails

d) A private corporation

a) Lists the number of people who claim the worker as a dependent on their tax returns

b) Is filled out by each employee, stating the number of withholding allowances claimed

c) Is a report sent from the employer to both the IRS and the employee showing gross wages

d) Should be attached to the tax return with a staple when filing

a) Reports interest from your bank to the IRS

b) Is provided to you by your employer, and it lists total income and all tax withheld amounts

c) Is provided by the IRS, and lists your tax paid for the year

d) Keeps track of charitable donations made by cash or check outside of work

a) Trying to keep a minimum balance of $10 in your account

b) Going to the bank branch after being charged the fee and explaining that you meant to have more money in the account but forg

c) Knowing your account balance and what upcoming bills will be paid

d) Having a cell phone bill that automatically re-ups your minutes without you being aware of how much money that will cost

a) Access accounts that are not your own and transfer money into your own account

b) Use a telephone to talk to a bank teller

c) Pay bills, check your balance, and see if checks have cleared on your bank's online Web site

d) Put a check through a scanner to pay bills automatically

a) Auto insurance

b) Homeowners insurance

c) Renters insurance

d) Life insurance

a) Homeowners insurance

b) Renters insurance

c) Disability insurance

d) Auto insurance