MCS 2100 Final Exam Questions with
Guaranteed Pass Solutions 2025-2026
Updated.
even though they have not changed their buying habits it costs the Chu's about $20 a month for
more groceries than it did last year. What type of risk does this represent?
a. liquidity
b. interest rate
c. product
d. inflation - Answer inflation risk
the Compeaus are planning to go on a cruise in 6 months time. What type of goal is this?
a. short-term
b. intermediate
c. long-term - Answer a. short term
people who are in the age range of 20 to 35 are most concerned with:
a. retirement savings
b. house down payment
c. managing their assets
d. building wealth - Answer house down payment
Don has prepared a budget for himself. His expenses are greater than his income. Which of the
following expenses would you suggest would be easiest for him to reduce his spending on?
a. Utilities
b. Rent
c. Entertainment
D. Car operation expenses - Answer Entertainment
___________________ represent amounts owed to others
,a. current assets
b. expenses
c. mutual funds
d. liabilities - Answer liabilities
a student is planning a trip south for winter break. Which trend would be the most important to
follow?
a. interest rates
b. currency exchange rates
c. employment
d. trade balance - Answer Currency exchange rates
if the inflation rate is 3%, how long will it take for prices to double? - Answer 24 years
72 divided by 3 = 24 years
an example of a liquid asset would be:
a. a home
b. an automobile
c. a chequing account
d. a retirement account - Answer A chequing account
the final step in the financial planning process is to:
a. create a financial plan of action
b. develop financial goals
c. re-evaluate and revise your actions
d. implement your financial plan - Answer re-evaluate and revise your actions
A ____________ is a specific plan for spending
a. budget
b. balance sheet
, c. cash flow statement
d. bank statement - Answer A budget
the best use of debt is to obtain:
a. assets that will increase in value
b. daily necessities
c. vacations
d. high risk investments - Answer Assets that will increase in value
the life cycle stage one is in will have the greatest affect on one's:
a. financial goals
b. opportunity costs
c. liquidity costs
d. accessibility of funds - Answer Financial goals
financial strategies refer to:
a. the process of predicting your future financial situation
b. courses of action to achieve financial goals
c. resources an individual has available for investing
d. ideas or principles that are considered correct, desirable, or impotant - Answer courses of
action to achieve financial goals
a personal cash flow statement presents:
a. a projection for spending
b. income and payments
c. assets and liabilities
d. amounts owed to others - Answer income and payments
each month after paying for necessities Mikhail has approximately $950 left. This is his
a. net pay
Guaranteed Pass Solutions 2025-2026
Updated.
even though they have not changed their buying habits it costs the Chu's about $20 a month for
more groceries than it did last year. What type of risk does this represent?
a. liquidity
b. interest rate
c. product
d. inflation - Answer inflation risk
the Compeaus are planning to go on a cruise in 6 months time. What type of goal is this?
a. short-term
b. intermediate
c. long-term - Answer a. short term
people who are in the age range of 20 to 35 are most concerned with:
a. retirement savings
b. house down payment
c. managing their assets
d. building wealth - Answer house down payment
Don has prepared a budget for himself. His expenses are greater than his income. Which of the
following expenses would you suggest would be easiest for him to reduce his spending on?
a. Utilities
b. Rent
c. Entertainment
D. Car operation expenses - Answer Entertainment
___________________ represent amounts owed to others
,a. current assets
b. expenses
c. mutual funds
d. liabilities - Answer liabilities
a student is planning a trip south for winter break. Which trend would be the most important to
follow?
a. interest rates
b. currency exchange rates
c. employment
d. trade balance - Answer Currency exchange rates
if the inflation rate is 3%, how long will it take for prices to double? - Answer 24 years
72 divided by 3 = 24 years
an example of a liquid asset would be:
a. a home
b. an automobile
c. a chequing account
d. a retirement account - Answer A chequing account
the final step in the financial planning process is to:
a. create a financial plan of action
b. develop financial goals
c. re-evaluate and revise your actions
d. implement your financial plan - Answer re-evaluate and revise your actions
A ____________ is a specific plan for spending
a. budget
b. balance sheet
, c. cash flow statement
d. bank statement - Answer A budget
the best use of debt is to obtain:
a. assets that will increase in value
b. daily necessities
c. vacations
d. high risk investments - Answer Assets that will increase in value
the life cycle stage one is in will have the greatest affect on one's:
a. financial goals
b. opportunity costs
c. liquidity costs
d. accessibility of funds - Answer Financial goals
financial strategies refer to:
a. the process of predicting your future financial situation
b. courses of action to achieve financial goals
c. resources an individual has available for investing
d. ideas or principles that are considered correct, desirable, or impotant - Answer courses of
action to achieve financial goals
a personal cash flow statement presents:
a. a projection for spending
b. income and payments
c. assets and liabilities
d. amounts owed to others - Answer income and payments
each month after paying for necessities Mikhail has approximately $950 left. This is his
a. net pay
