Fp 101 midterm week 4

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FP/101 Midterm Exam User: 9023153373 First Name: KAYLA Last Name: SUTTON Confirmation #: 17894070 Score: 70 Total Questions: 30 Total Correct: 21 Start: 7/3/2011 1:18:31 PM End: 7/3/2011 3:58:29 PM Here is 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 the following would be considered a savings alternative?
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