FREE AND STUDY GAMES ABOUT STACK 2091705 EXAM

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FREE AND STUDY GAMES ABOUT STACK #2091705 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -85 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: what is the KISS rule?

Answer:

keep it simple stupid- do not buy anything you do not understand Question 2: a federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, un-employed, or disabled

Answer:

social security

Question 3: an expense that can be deducted from one's tax income

Answer:

tax deduction

Question 4: a list of your investments

Answer:

portfolio

Question 5: degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit

Answer:

risk Question 6: the granting of a loan and the creation of debt; any form of deferred payment

Answer:

credit Question 7: bad investment because they result in price distortions and are highly volatile

Answer:

commodity

Question 8: what is false about debt consolidation?

Answer:

you end up saving money because you get a lower investment rate

Question 9: what is a true statement about a one-time investment for 40 years?

Answer:

the annual rate does matter when making a one time investment

Question 10: what is the relationship between liquidity and return potential?

Answer:

the more liquid an investment, the lower the return Question 11: what is the problem with using credit cards even if you pay it off each month?

Answer:

you are likely to spend 12%-18% more with credit cards because you do not consider the consequences as you do with cash Question 12: a fee paid by the borrower to the lender for the use of borrowed money

Answer:

interest

Question 13: represents a piece of ownership in a company

Answer:

stock Question 14: a debt evidenced by a note which specifies the principle amount interest rate and date of repayment

Answer:

loan Question 15: the knowledge and skill set necessary to be an informed consumer and manage finances effictely

Answer:

financial lieracy

Question 16: what is true about investing in single stocks?

Answer:

it has a high risk Question 17: 6 months or 1 year savings account that pays little or more interest than a regular savings account

Answer:

certificate of deposit

Question 18: how to not describe the baby steps

Answer:

series of steps completed in any order that will lead to never having debt

Question 19: great for emergency funds due to their liquidity and staility

Answer:

money market Question 20: preferred method of debt repayment; lists debts from smallest to largest

Answer:

debt snowball

Question 21: evidence shows that vast majority of investors lose money in this type of trading

Answer:

day trading Question 22: tax on goods and services that go to your state or local government

Answer:

sales tax Question 23: taxes paid by anyone who owns property such as land a home or commercial real estate

Answer:

property taxes

Question 24: what should you never consider when investing?

Answer:

current state of the economy Question 25: what is the est option to do if you begin losing money in your mutual fund?

Answer:

leave it alone and continue to invest money into the fund

Question 26: what is not important when it comes to saving money?

Answer:

income Question 27: the practice of dividing the money a person invests between several different types of investments in order to lower risk

Answer:

diversification

Question 28: what is the key to building wealth?

Answer:

staying debt free