GEB 3006 FINAL Questions And Answers Latest Top Score.
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Course
GEB 3006
Institution
GEB 3006
GEB 3006 FINAL Questions And Answers Latest Top Score.
Employer benefits can be worth up to ___ of your base salary - correct answer. 50%
Generally the two main employer benefits with the highest value are: - correct answer. Retirement Health Plans
The health plans th...
GEB 3006 FINAL Questions And Answers
Latest Top Score.
Employer benefits can be worth up to ___ of your base salary - correct answer. 50%
Generally the two main employer benefits with the highest value are: - correct answer.
Retirement Health Plans
The health plans that offers the most choice in doctors and has the highest cost -
correct answer. PPO
Which of the following health plans generally requires that you first see your primary
care physician and remain within a restricted network of doctors? - correct answer.
HMO
Employees without a pension plan should try to save at least _____ of their salary -
correct answer. 10-15%
Fidelity Investments recommends that individuals without pensions have about ___
times their salary at age 67 in order to have a sufficient amount of money to retire.` -
correct answer. 10
Fidelity Investments recommends that individuals without pensions have about ___
times their salary at age 30 in order to have a sufficient amount of money to retire. -
correct answer. 1
At what age will you become eligible for Medicare? - correct answer. 65
, At what age are you eligible for early Social Security? - correct answer. 62 and the
amount received is a discounted benefit compared to the full retirement benefit
Which health plan has a low cost but high deductible? - correct answer. HDHP
The rules for flexible spending accounts generally require that employees use the
money within - correct answer. the current year or lose unused savings.
When you leave your job, you should always rollover your - correct answer. 401-K
assets to a self directed rollover IRA.
Between 1990 and 2010, the average US savings rate was around - correct answer.
5%
What two factors count for 65% of your FICO score? - correct answer. Payment
history and outstanding debts
Which company has developed the MOST commonly used credit score to evaluate an
individual's credit? - correct answer. Fair Isaac Corporation
You should try to achieve a FICO score of at least - correct answer. 760
debt to credit limit ratio - correct answer. total balance due / credit limit
canceling an old credit card with no balance due - correct answer. could hurt your
credit score
The treasury yield curve is normally - correct answer. upward sloping, with long term
rates being higher than short term rates.
Having mortgage debt is generally considered better than - correct answer. having
credit card debt.
It is legal for an employer to review your credit report as part of - correct answer. the
application process.
In general, applying for and receiving new credit cards will tend to - correct answer.
decrease your FICO score.
Assume that your parents have more liabilities than assets as a result of a $100,000 of
credit card debt. In the event of their death, the children will - correct answer. NOT
inherit the credit card debt.
Interest rates on 30 year fixed rate mortgages tend to follow or correlate with: - correct
answer. The 10 year treasury note rate
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