Fcs 340 exam 1 questions - Study guides, Class notes & Summaries

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 Ch 12 Exam Questions and Answers relationship between income and divorce - ANSWER The lower the socioeconomic status the higher the probability of divorce Unexpected unemployment increase the possibility of marital breakdown Life cycle the divorce rate for people 50 and over has risen significantly Relationship between level of education and divorce - ANSWER People with lower educational achievements on average are more likely to divorce than those with higher levels of educati...

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...

FCS-340 Exam 2 Questions and Verified Answers (2024 / 2025)/ A+ GRADE 1. If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? ANS Anywhere between $50 to $500 2. When you select a financial services provider, what are major factors to consider? ANS Convenience; Service; Interest rates (borrowing); Fees 3. What type of financial services does a credit card company provide ANS - Short-term lending 4. What type of financi...

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...

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 principles ...

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 used for all ...

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? - Load...

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...