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FP 101 midterm week 4
Course: RANDOM psy 201 hu, Spring 2011School: University of Phoenix
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Word Count: 274
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is FP/101MidtermExam User:9023153373 FirstName:KAYLA LastName:SUTTON Confirmation#:17894070 Score:70 TotalQuestions:30 TotalCorrect:21 Start:7/3/20111:18:31PM End:7/3/20113:58:29PM Here some additional information on items missed: Topic: Question: What term is used to describe people beginning to spend their wealth in their retirement years? Answer: decumulating Key Terms: Decumulating Topic: Question: What is a...
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Coursehero >> Arizona >> University of Phoenix >> RANDOM psy 201 huCourse Hero has millions of student submitted documents similar to the one
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below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
is FP/101MidtermExam
User:9023153373
FirstName:KAYLA
LastName:SUTTON
Confirmation#:17894070
Score:70
TotalQuestions:30
TotalCorrect:21
Start:7/3/20111:18:31PM
End:7/3/20113:58:29PM
Here some additional information on items missed:
Topic:
Question: What term is used to describe people beginning to spend their wealth in their retirement years?
Answer: decumulating
Key Terms: Decumulating
Topic:
Question: What is a personal cash flow statement?
Answer: A document that shows income and expenditures over a period of time.
Key Terms: Personal cash flow statement
Topic:
Question: Which of the following is included in a typical financial plan?
Answer: An estate plan, including a will
Key Terms: Estate plans
Topic:
Question: How might you use a personal balance sheet?
Answer: To calculate your net worth
Key Terms: Net worth
Topic:
Question: Which of following the would be considered a savings alternative?
Answer: certificate of deposit
Key Terms: Certificate of deposit
Topic:
Question: Where on your Personal Cash Flow Statement would you record money received when your rich uncle
dies?
Answer: In the cash inflow column
Key Terms: Personal Cash Flow Statement
Topic:
Question: What are lenders evaluating when they review your sources of income and your expenses?
Answer: capacity
Key Terms: Financial capacity
Topic:
Question: What information is needed to steal your identity?
Answer: Your Social Security number, name, and address
Key Terms: Credit card disadvantages
Topic:
Question: What is the timeframe for contacting a lender to contest an error on a billing statement?
Answer: within 60 days
Key Terms: Billing errors
Sorry I didnt know that I had to turn this into the assignment link.
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