Dollars And Sense Final Exam
100 Questions
| Total Attempts: 304
Questions and Answers
- 1.With all investments, as the risk goes up, the return goes down.
- A.
True
- B.
False
- 2.The Roth IRA is an after-tax investment that grows tax free.
- A.
True
- B.
False
- 3.Never buy something you do not fully understand.
- A.
True
- B.
False
- 4.Shelf positioning forces the buyer to associate a value with the product.
- A.
True
- B.
False
- 5.Never roll over your 401(k) when you leave a company.
- A.
True
- B.
False
- 6.If we used a race analogy to describe building wealth, it would be most like a sprint.
- A.
True
- B.
False
- 7.Rate of return matters when it comes to compound interest.
- A.
True
- B.
False
- 8.Diversification means to spread around.
- A.
True
- B.
False
- 9.Once you have a fully-funded emergency fund, put 10% of your income into retirement plans.
- A.
True
- B.
False
- 10.Your first Baby Step is to pay off all of your debt.
- A.
True
- B.
False
- 11.Most often identity theft is committed by strangers.
- A.
True
- B.
False
- 12.There are two major credit bureaus: TransUnion and Experian.
- A.
True
- B.
False
- 13.The fastest growing group of bankruptcy filers is senior citizens.
- A.
True
- B.
False
- 14.The power of cash is immediate
- A.
True
- B.
False
- 15.In order to have a FICO score, you must have debt.
- A.
True
- B.
False
- 16.The envelope system includes using credit cards for emergencies.
- A.
True
- B.
False
- 17.The average mutual fund has anywhere from 90-200 companies in it.
- A.
True
- B.
False
- 18.You do not need renter’s insurance if you live in a dorm at college
- A.
True
- B.
False
- 19.Liquidity is the availability of your money.
- A.
True
- B.
False
- 20.You need a credit card in order to rent cars and check in to hotels.
- A.
True
- B.
False
- 21.Cash advance and title pawn companies charge roughly the same interest rates and fees on loans as a credit card company.
- A.
True
- B.
False
- 22.Henry Ford and J.C. Penney were pioneers of the use of credit.
- A.
True
- B.
False
- 23.Using a credit card is a good way to find a bargain
- A.
True
- B.
False
- 24.You should always use a realtor when selling a home.
- A.
True
- B.
False
- 25.Term life insurance is more expensive because it funds a savings plan.
- A.
True
- B.
False
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