Social Science Economics Finance
BSU FIN 101 EXAM 1 QUESTIONS & ANSWERS
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HECM Practice WGU C213 Topics 1-6 Quizzes 2022 (... ACC 210 Final Exam
128 terms Teacher 141 terms 30 terms
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Earn three times more than a high school graduate over a lifetime
Choose matching term
1 Retirement is 2 Good debt
The goal of investing $50 per month for the
3 next 18 years for your nephew's college 4 A college graduate will
fund is a(n) __________ goal.
Don't know?
The first step of the financial Make an honest assessment of where you are now financially and
planning process is to emotionally and to commit to a disciplined plan
A college graduate will Earn three times more than a high school graduate over a lifetime
The single most important financial goal and the most expensive
Retirement is
long-term goal you have to set
, How much consumer debt you are carrying relative to your
income
Debt-to-income ratio is
total debt/total annual income
ex. 150,000/50,000 = 3
get a spouse ex. 150,000/100,000 = 1.5
The process of organizing and planning your income, expenses,
Personal financial planning is:
and savings to accomplish significant long-term goals.
The time value of money refers Addresses the concept that a dollar today is better than a dollar
to tomorrow
If I can invest a dollar today and more
earn interest on it, then it should
be worth _________ in the future.
See an expert-written answer!
The goal of investing $50 per Long-term, specific, and measurable
month for the next 18 years for
your nephew's college fund is
a(n) __________ goal.
A dollar tomorrow is worth less
The general increase on the cost of goods and services due to
Cost of living is
inflation
Liquidity refers to How easily and quickly one can convert an asset to cash
A charge for writing a check Overdraft charge
when there was not enough
money to cover it is called
A structure that recognizes financial goals and organizes
Personal budgets provide
spending to meet these goals
APR is Annual Percentage Rate
Earning interest on interest is Compounding
called
An example of a variable an electric bill
expense is a(n)
Certificates of deposit: the The longer the maturity of the CD, the higher the interest rate
relationship between interest you should expect
rate paid and length of maturity
is
An example of a fixed expense a mortage
is
A supply of cash in bank products or a money market mutual
fund for emergencies
Emergency cash reserve is
Ready supply of cask in bank products or money market mutual
fund that you can tap in the event of an emergency should have
enough to keep household running for 6 months.
Credit files can include all of the race or nationality
following except
BSU FIN 101 EXAM 1 QUESTIONS & ANSWERS
SOLVED 100% CORRECT!!
Save
Students also studied
Flashcard sets Study guides
HECM Practice WGU C213 Topics 1-6 Quizzes 2022 (... ACC 210 Final Exam
128 terms Teacher 141 terms 30 terms
Mohamd6056657 Preview examhub6 Preview denniswambui150
Stretch your brain before your first study session
Learn 1 /7 Study with Learn
Earn three times more than a high school graduate over a lifetime
Choose matching term
1 Retirement is 2 Good debt
The goal of investing $50 per month for the
3 next 18 years for your nephew's college 4 A college graduate will
fund is a(n) __________ goal.
Don't know?
The first step of the financial Make an honest assessment of where you are now financially and
planning process is to emotionally and to commit to a disciplined plan
A college graduate will Earn three times more than a high school graduate over a lifetime
The single most important financial goal and the most expensive
Retirement is
long-term goal you have to set
, How much consumer debt you are carrying relative to your
income
Debt-to-income ratio is
total debt/total annual income
ex. 150,000/50,000 = 3
get a spouse ex. 150,000/100,000 = 1.5
The process of organizing and planning your income, expenses,
Personal financial planning is:
and savings to accomplish significant long-term goals.
The time value of money refers Addresses the concept that a dollar today is better than a dollar
to tomorrow
If I can invest a dollar today and more
earn interest on it, then it should
be worth _________ in the future.
See an expert-written answer!
The goal of investing $50 per Long-term, specific, and measurable
month for the next 18 years for
your nephew's college fund is
a(n) __________ goal.
A dollar tomorrow is worth less
The general increase on the cost of goods and services due to
Cost of living is
inflation
Liquidity refers to How easily and quickly one can convert an asset to cash
A charge for writing a check Overdraft charge
when there was not enough
money to cover it is called
A structure that recognizes financial goals and organizes
Personal budgets provide
spending to meet these goals
APR is Annual Percentage Rate
Earning interest on interest is Compounding
called
An example of a variable an electric bill
expense is a(n)
Certificates of deposit: the The longer the maturity of the CD, the higher the interest rate
relationship between interest you should expect
rate paid and length of maturity
is
An example of a fixed expense a mortage
is
A supply of cash in bank products or a money market mutual
fund for emergencies
Emergency cash reserve is
Ready supply of cask in bank products or money market mutual
fund that you can tap in the event of an emergency should have
enough to keep household running for 6 months.
Credit files can include all of the race or nationality
following except
