Test review
Quiz by Shanice Jackson
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20 questions
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- Q1When you get ready to retire, you want to make sure you have enough (blank) to live comfortablyfriendsfamilyfinancial resourceseducation30s
- Q2Assistance like (blank) and company (blank) by not be sufficient to cover your cost of living.what?stocks and bondssocial security and pensionsmutual funds and retirement30s
- Q3Financial advisors say 50% to 60% of their before-retirement salary to live comfortable. (T/F)FalseTrue30s
- Q4Equity is money that is “tied up” in property, not income. (T/F)TrueFalse30s
- Q5Advisers say to make this goal achievable, you’ll need to start saving at the (blank) of your work life.beginningendmiddlewho cares?30s
- Q6(blank) income investments are a more practical choiceMixed-incomeFixed-incomeI don't knowVariable-income30s
- Q7If there is a period between your retirement and Medicare coverage where you are uncovered by health insurance, then you are not responsible for covering the costs. (T/F)TrueFalse30s
- Q8Economists analyze certain trends in the economy called (blank) to look for hints about trends in the economy.stocksmarket sharesbondseconomic indicators30s
- Q9(blank) indicators shift after the economy changes.leadingGDPcoincidentLagging30s
- Q10(blank) indicators tell us where we are at currentlyGDPCoincidentLeadingLagging30s
- Q11Dollar cost averaging fulfills the the investment montra of:Buy a lot, sell a lotBuy low, sell highBuy high, sell lowBuy low, don't sell30s
- Q12Employment and real earnings are (blank) indicatorsLaggingCoincidentLeadingI don't know30s
- Q13Changes in GDP and unemployment rates are (blank) indicatorsLeadingGDPLaggingCoincident30s
- Q14Budgeting must continue through retirement. (T/F)TrueFalse30s
- Q15What can affect exchange rates?political situationAll of thesechange in interest ratesa country's economy30s