55135679-FP101-FP-101-Week-4-Assignment-Midterm-Exam -...

Download Document
Showing pages : 1 - 2 of 7
This preview has blurred sections. Sign up to view the full version! View Full Document
FP/101 Midterm 1) What term is used to describe people beginning to spend their wealth in their retirement years? A. disposing B. deferring C. distributing D. decumulating 2) Which of the following would be considered a savings alternative? A. a debit card B. checking account C. certificate of deposit D. a NOW account 3) Which of the following is not included in a typical financial plan? A. A fund for financial emergencies B. A retirement plan C. A plan for protecting your assets with insurance D. A career plan 4) Which of the following is not normally considered an area of personal finance? A. investments B. budgeting C. retirement planning
Background image of page 1
choice of a marriage partner 5) For the overall U.S. market, how is inflation measured? A. change in Consumer Price Index B. change in Producer Price Index C. change in GDP D. change in Wholesale Price Index 6) Which step in the financial planning process involves developing goals? A. Step 1 B. Step 2 C. Step 3 D. None of the Above 7) 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. Developing short-term and long-term financial goals C. Implementing a plan for achieving goals D. Determining appropriate risk level of participant 8) Preparing personal financial statements is part of which of the five steps of the financial planning process? A. Develop Goals B. Analyze Your Current Financial Position C. Establish and Implement Your Plan D. None of the above 9) Which of the following is an advantage of using a debit card? A.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Create a FREE account now to get started. Log In

The email address you entered is not valid. The email address you provided is already in use.
Your username must be at least 5 characters. Your username must consist of only alphanumeric characters. Your username must contain at least one letter. Your username contains inappropriate language. Another user has already claimed this username.
Your password must be at least 6 characters in length.
{[ $select.selected.label ]} Please select a valid school.
By creating an account you agree to our Privacy Policy, Terms of Use, and Honor Code.
Create my FREE account Processing...
Sign Up with Facebook

We will never post anything without your permission.

Already on Course Hero? Log In