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FINA 2330 2026 ACTUAL
QUESTIONS WITH VERIFIED
ANSWERS.
1. About ____ of the possible outcomes occur within one
standard deviation of the mean. - correct answer-68%
2. Standard Deviation is a measure of: - correct answer-All of
these are correct.
3. Dollar cost averaging means the best way to buy stocks is to
invest in the same fund every month, buying the same
number of shares every month, regardless of the price. -
correct answer-False
4. You plan to spend $100 a month on a certain fund's shares.
The first month the shares are priced at $10 each so you buy
10. The next month the shares are priced at $5, so you buy
20. What is the average cost of this fund's shares in your
portfolio? - correct answer-$6.67
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5. You purchase a muffin and a coffee for $3.30. If the muffin
costs $1 more than the coffee, how much did the coffee
cost? - correct answer-$1.15
6. In Edelman's example, why did short term returns appear
much less volatile? - correct answer-They did not appear
less volatile, they actually appeared more volatile.
7. According to Edelman, a good way to create savings is to: -
correct answer-pay yourself first.
8. Edelman argues that people with more education are
actually more likely to be correct on choosing investments
when they rely solely on intuition. - correct answer-False
9. According to Edelman it is better to save money for a while
and then to begin investing with one large lump sum. -
correct answer-False
10. FICO stands for: - correct answer-Fair, Isaac and
Company
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11. Credit Reports can be obtained annually by the consumer
for free. - correct answer-True
12. Edelman argues that if you lose your job you should not
file for unemployment benefits because it will only add to the
national debt and cause more problems for everyone else. -
correct answer-False
13. Edelman mentions the importance of setting "positive
goals," this means: - correct answer-to set goals with positive
language such as "I will" as opposed to "I won't."
14. Edelman says that when developing a plan to get out of
debt, you should prioritize which debts to pay first by
________. - correct answer-interest expense, paying the
most expensive off first
15. The two unexpected expenses that you must expect
according to Edelman are gifts and repairs. - correct answer-
True
FINA 2330 2026 ACTUAL
QUESTIONS WITH VERIFIED
ANSWERS.
1. About ____ of the possible outcomes occur within one
standard deviation of the mean. - correct answer-68%
2. Standard Deviation is a measure of: - correct answer-All of
these are correct.
3. Dollar cost averaging means the best way to buy stocks is to
invest in the same fund every month, buying the same
number of shares every month, regardless of the price. -
correct answer-False
4. You plan to spend $100 a month on a certain fund's shares.
The first month the shares are priced at $10 each so you buy
10. The next month the shares are priced at $5, so you buy
20. What is the average cost of this fund's shares in your
portfolio? - correct answer-$6.67
, Page | 2
5. You purchase a muffin and a coffee for $3.30. If the muffin
costs $1 more than the coffee, how much did the coffee
cost? - correct answer-$1.15
6. In Edelman's example, why did short term returns appear
much less volatile? - correct answer-They did not appear
less volatile, they actually appeared more volatile.
7. According to Edelman, a good way to create savings is to: -
correct answer-pay yourself first.
8. Edelman argues that people with more education are
actually more likely to be correct on choosing investments
when they rely solely on intuition. - correct answer-False
9. According to Edelman it is better to save money for a while
and then to begin investing with one large lump sum. -
correct answer-False
10. FICO stands for: - correct answer-Fair, Isaac and
Company
, Page | 3
11. Credit Reports can be obtained annually by the consumer
for free. - correct answer-True
12. Edelman argues that if you lose your job you should not
file for unemployment benefits because it will only add to the
national debt and cause more problems for everyone else. -
correct answer-False
13. Edelman mentions the importance of setting "positive
goals," this means: - correct answer-to set goals with positive
language such as "I will" as opposed to "I won't."
14. Edelman says that when developing a plan to get out of
debt, you should prioritize which debts to pay first by
________. - correct answer-interest expense, paying the
most expensive off first
15. The two unexpected expenses that you must expect
according to Edelman are gifts and repairs. - correct answer-
True
