ECO EXAM 1-2 (QUESTIONS & ANSWERS)
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AGEC 4040 Final WGU :: C708 :: Principles of Finance... NCPQ
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Why is it important to monitor Your financial position changes over time as does your personal,
and revise your financial plan on job, and family situation.
a regular basis?
Your financial position changes
over time as does your personal,
job, and family situation.
As you get older you will want
to lower your goals.
So that you remember the goals
you were striving for.
You may decide enjoying
consumption now is more
important than saving for
retirement years.
One of the six components of false
your financial plan should be
maximizing your tax liability.
Investing in your human capital false
is the second-best investment
you can make. Investing in your
house is the best investment.
Obtaining a graduate degree false
will always improve your
personal financial position.
, Which of the following federal Direct subsidized
student loan requires financial
need to be demonstrated for
eligibility?
Direct unsubsidized
Indirect unsubsidized
Direct subsidized
William D. Ford Direct Plus
For a federal direct subsidized false
student loan, eligibility is not
based on financial need, but a
credit check is required.
Federal direct unsubsidized true
student loans are made to
eligible undergraduate,
graduate, and professional
students, but eligibility is not
based on financial need.
Interest rates could change due United Nations resolution to change the U.S. Treasury rate.
to all of the following except
United Nations resolution to
change the U.S. Treasury rate.
shift in savings by investors.
shift in monetary policy of the
Fed.
shift in business demand for
funds.
A risk premium is the amount of true
interest you might receive over
and above the risk-free return
insured by the federal
government.
The time value of money refers the difference in the value of money depending on when it is
to received.
personal opportunity costs such
as time lost on an activity.
financial decisions that require
borrowing funds from a bank.
changes in interest rates due to
changes in the supply and
demand for money in the
national economy.
the difference in the value of
money depending on when it is
received.
An annuity is a stream of equal false
payments that are received or
paid at random periods of time.