Question

1. A budget provides peace of mind. True False 2. Identity theft is one of the...

1.

A budget provides peace of mind.

True

False

2.

Identity theft is one of the fastest growing white collar crimes in the United States.

True

False

3.

Speculation has the goal of spending money to accumulate financial assets with safety as an important concern.

True

False

4.

Debt consolidations are often very dangerous for consumers and are prohibited in various states.

True

False

5.

Chapter 13 bankruptcy is also known as _____________________.

A.

the dismissal plan
B.

the organization plan
C.

the wage earner plan
D.

the big mistake
E.

the income plan

6.

The Dow Jones Industrial Average is an average of stock prices of which of the following?

A.

50 large industrial companies
B.

The top 30 of Fortune 500 companies
C.

100 large industrial companies
D.

Fortune 500 companies
E.

30 large industrial companies

7.

A term life insurance policy is insurance

  1. against a state risk
  2. only for 6 months
  3. for as long as the policyholder lives
  4. that insures a person's life only for a state period of time.
A.

1 only
B.

4 only
C.

1 and 4 only
D.

1 and 3 only
E.

All of the above

8.

A finance company is a state-licensed company that makes installment cash loans to customers.

True

False

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Homework Answers

Answer #1

Q1. True. As balanced budget would help to improve profits for firm

Q2. True

Q3. True

Q4. True. As it would lead to higher interest rates and increased burden for a customer

Q5. Option C. It enables individuals with regular income to develop a plan to repay all or part of their debts

Q6. Option B. It indicates the value of 30 large publicly owned companies based in USA

Q7. Option D

Q8. True. A Consumer Finance Company is a state financed firm that lends cash loans to customers

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