Study guides, Class notes & Summaries

FCS 340 Exam 3 Questions with Correct Answers Traditional financial guidelines suggest that your home should cost about times your annual income - ANSWER 20-30% List advantages and disadvantages of renting - ANSWER Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rental List advantages and dis...

FCS 340 Test 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version Higher consumer prices are likely to be accompanied by _______ interest rate. - higher What is the definition of economics? - Study of how wealth is created and distributed What is the Fed? - Federal Reserves What is the main responsibility of the Fed? - Regulate national money supply The "obtaining" component of financial planning is defined - Foundation of financial planning, resources u...

FCS 340 Final Exam | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version What is a closed-end mutual fund? What is an open-end mutual fund? - Closed- shares issued by an investment company only when fund is organized Open- shares issued and redeemed by the investment company at the request of investors What is the net asset value? When is the net asset value calculates? - value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - ...

FCS 340 Exam 2 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - Short-term lending What type o...

FCS 340 Exam 3 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version Traditional financial guidelines suggest that your home should cost about __________ times your annual income - 20-30% List advantages and disadvantages of renting - Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rent...

FCS 340 Exam 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version Which of the following is not identified as a purpose of the book? - Teach you to accumulate wealth. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? - Community: Becoming a stronger citizen and member of your community. The second important question the authors suggested you ponder: "What are the profound pr...

Higher consumer prices are likely to be accompanied by _______ interest rate. - higher What is the definition of economics? - Study of how wealth is created and distributed What is the Fed? - Federal Reserves What is the main responsibility of the Fed? - Regulate national money supply The "obtaining" component of financial planning is defined - Foundation of financial planning, resources used for all financial activities What is liquidity refer to? - Be able to take financial resources a...

What is a closed-end mutual fund? What is an open-end mutual fund? - Closed- shares issued by an investment company only when fund is organized Open- shares issued and redeemed by the investment company at the request of investors What is the net asset value? When is the net asset value calculates? - value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - Load- a mutual fund where investors pay commission every time they buy shares No-load- individ...

Traditional financial guidelines suggest that your home should cost about __________ times your annual income - 20-30% List advantages and disadvantages of renting - Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rental unit is called __________________________. - Subletting List advantages and disadvantages of b...

If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - Short-term lending What type of financial services does a investment company provide - Mutual funds, money market funds What type...

Which of the following is not identified as a purpose of the book? - Teach you to accumulate wealth. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? - Community: Becoming a stronger citizen and member of your community. The second important question the authors suggested you ponder: "What are the profound principles upon which the stewardship perspective is based?" Which is not one of the four stewardsh...