Exam (elaborations)
Test Bank to Accompany Personal Finance Turning Money into Wealth, 7th Edition
- Course
- Institution
- Book
Test Bank to Accompany Personal Finance_ Turning Money into Wealth, 7th Edition
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
SOLUTIONS AND TEST BANK FOR PERSONAL FINANCE TAX UPDATE 13TH EDITION BY E. THOMAS GARMANE|QUESTIONS AND CORRECT ANSWERS 2024|100% PASS
-
Question Bank in line with Personal Finance Turning Money into Wealth,Keown,6e
-
Test Bank for Personal Finance, 9th edition Keown Chapter 1-17 A+
Seller
Follow
solutions
Reviews received
Content preview
Test BankFor
Personal Finance:
Turning Money into Wealth
7th Edition
Oscar Solis
Virginia Tech
Arthur J. Keown
Virginia Tech
Copyright © 2016 Pearson Education, Inc.
,Vice President, Product Management: Donna Battista
Acquisitions Editor: Kate Fernandes
Program Manager: Kathryn Dinovo
Team Lead, Project Management: Jeff Holcomb
Project Manager: Meredith Gertz
Copyright © 2016, 2013, 2010 Pearson Education, Inc.. or its affiliates. All Rights Reserved.
Manufactured in the United States of America. This publication is protected by copyright, and permission
should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system,
or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or
otherwise. For information regarding permissions, request forms, and the appropriate contacts within the
Pearson Education Global Rights and Permissions department, please visit
www.pearsoned.com/permissions/.
PEARSON, ALWAYS LEARNING, and MYFINANCELAB™ are exclusive trademarks, in the U.S.
and/or other countries, of Pearson Education, Inc. or its affiliates.
Unless otherwise indicated herein, any third-party trademarks that may appear in this work are the
property of their respective owners, and any references to third-party trademarks, logos, or other trade
dress are for demonstrative or descriptive purposes only. Such references are not intended to imply any
sponsorship, endorsement, authorization, or promotion of Pearson’s products by the owners of such marks,
or any relationship between the owner and Pearson Education, Inc. or its affiliates, authors, licensees, or
distributors.
ISBN-13: 978-0-13-386668-1
ISBN-10: 0-13-386668-8
,Contents
Chapter 1 The Financial Planning Process ......................................................................................... 1
Chapter 2 Measuring Your Financial Health and Making a Plan ................................................. 23
Chapter 3 Understanding and Appreciating the Time Value of Money ...................................... 50
Chapter 4 Tax Planning and Strategies ............................................................................................. 74
Chapter 5 Cash or Liquid Asset Management ............................................................................... 103
Chapter 6 Using Credit Cards: The Role of Open Credit ............................................................. 127
Chapter 7 Student and Consumer Loans: The Role of Planned Borrowing .............................. 161
Chapter 8 The Home and Automobile Decision ........................................................................... 188
Chapter 9 Life and Health Insurance .............................................................................................. 227
Chapter 10 Property and Liability Insurance ................................................................................... 273
Chapter 11 Investment Basics ............................................................................................................ 305
Chapter 12 Investing in Stocks ........................................................................................................... 368
Chapter 13 Investing in Bonds and Other Alternatives ................................................................. 404
Chapter 14 Mutual Funds: An Easy Way to Diversify ................................................................... 432
Chapter 15 Retirement Planning........................................................................................................ 460
Chapter 16 Estate Planning: Saving Your Heirs Money and Headaches ..................................... 491
Chapter 17 Financial Life Events—Fitting the Pieces Together..................................................... 514
, Chapter 1
The Financial Planning Process
1.1 Facing Financial Challenges
1) Once a sound financial plan is in place, there should be no need to ever change it.
Answer: FALSE
Diff: 1
Topic: The Financial Planning Process
AACSB: Analytical Thinking
2) One purpose of financial planning is to help you legally reduce the amount of taxes you have to
pay on your earnings.
Answer: TRUE
Diff: 1
Topic: Financial Planning
AACSB: Analytical Thinking
3) When comparing two different investment opportunities the investor should always choose the
investment that minimizes the total amount of taxes paid.
Answer: FALSE
Diff: 2
Topic: Minimization of Taxes
AACSB: Analytical Thinking
4) Annual public school tuition and fees are three times more expensive than private school tuition
and fees.
Answer: FALSE
Diff: 2
Topic: Financial Challenges
AACSB: Analytical Thinking
5) Being financially secure involves balancing what you earn with
A) your investments. B) what you spend.
C) your retirement plans. D) your current level of debt.
Answer: B
Diff: 1
Topic: Financial Planning
AACSB: Analytical Thinking
6) Financial planning might not help you earn more, but it can help you use the money you do
earn to achieve your
A) lifeʹs purpose. B) dreams.
C) financial goals. D) desired lifestyle.
Answer: C
Diff: 1
Topic: Financial Goals
AACSB: Analytical Thinking
Copyright © 2016 Pearson Education, Inc.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller solutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now