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Exam 22: Appendix B: Managing Risk

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Question 131

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Throughout history an investment in ________ has yielded an excellent return,regardless of the state of the economy or political changes.

A) antiques
B) a good education
C) government bonds
D) savings accounts

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Question 132

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The benefit of opening an IRA while you're young is the compounding of the money invested tax-free over your working lifetime.

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Question 133

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Which of the following deductible levels would result in the lowest premium for automobile insurance?

If possible,it is almost always better to buy a single home rather than a duplex.

Leonardo is in the habit of using his credit card for expenditures made on business trips.The most likely reason he does this is to:

The death benefits of a variable life insurance policy vary depending upon the performance of the investment.

Most financial experts believe that the stock market is likely to grow more slowly in the future than it did in the last 50 years.

Tracking business and personal spending by categories is an important technique to control expenditures.

When purchasing with a credit card,it's important to remember that ________ if you do not pay the balance in full within a stated time period.

Buying a duplex and living in one side,while renting the other side,generally turns out to be more trouble than it is worth,since you have to satisfy not only your own needs,but also the needs of the renters.

A homeowner's insurance policy that includes a provision for __________ would provide the homeowner with enough cash to replace the items lost.

Funds deposited into an IRA cannot be withdrawn until you retire.

The best way to save money is to pay yourself first.

Ricardo desires to reduce his current taxable income and save for retirement.He should consider a traditional IRA.

Disability insurance provides a relatively low cost way of protecting against lost income due to an accident or illness that prevents you from working for an extended period of time.

It is likely that young adults today will benefit from the recent trend in the Social Security system to increase benefits and expand the cost-of-living adjustments.

Petulia has been following the stock market,and has noticed that it has generally been declining for the last several weeks.Many of her friends have sold stock,but Petulia looks at this situation as a good opportunity to buy.Petulia's views are consistent with the ___________ approach to investing in the stock market.

Once they've accumulated enough money,buying a low-priced home is often a good investment for young adults.

The key to generating enough capital for investment for many individuals is to:

Term life insurance offers pure insurance with no savings feature.