W!SE Money & Money Management Questions
Quiz by Darla McGuire
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43 questions
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- Q1One of the benefits of holding an investment for over a year rather than selling it in less than a year is that thecapital gains on the investment will be taxed at a lower rate30s
- Q2A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to havea budget variance30s
- Q3A person's debt ratio shows the relationship between debt and net worth. The lower the ratio thebetter off financially the person is30s
- Q4A person complains about how expensive it is to be a cigarette smoker. One of the reasons cigarettes are so expensive is thatthe government imposes an excise tax on them30s
- Q5Spreading one's assets across several types of saving and investment products to manage risk is called:Diversification30s
- Q6Expenditures that remain constant from one time period to another are:Fixed expenses30s
- Q7Jane saw a breakfast cereal being advertised on TV and insisted that her mother purchase this cereal. This is an example of advertising's:power of persuasion in creating demand30s
- Q8In terms of retirement income, a person should realize that the amount of money the person will receive from the Social Security System?s benefits depends on the person?searnings over a lifetime of work30s
- Q9In addition to monthly mortgage payments, each year a homeowner can expect to payproperty taxes30s
- Q10A good example of a well-stated financial goal is:Pay off $5,000 in credit card debt in two years30s
- Q11The term that best describes money left over after paying taxes, fixed and other essential living expenses, is:Disposable income30s
- Q12John's company will match his pre-tax contributions to the company's retirement plan, known as:A 401(k)30s
- Q13A stock broker or financial consultant:Gives financial advice to clients30s
- Q14What does a well designed, successful financial plan include?Retirement planning30s
- Q15I find myself using my credit card to cover the cost of food or rent because I'm regularly short on cash at the end of each month. The best thing to do is:Make a budget and consider ways to reduce expenses or increase income.30s