Fcs 340 Study guides, Class notes & Summaries
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FCS 340 Exam 3 Questions with Correct Answers Updated Latest 20242025
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FCS 340 Exam 3 Questions with Correct Answers Updated Latest 20242025 1.	Traditional financial guidelines suggest that your home should cost about 
	times your annual income 
ANS 20-30% 
2.	List advantages and disadvantages of renting 
ANS Advantages Easy to move, financial benefits, lifestyle flexibility 
Disadvantages No tax benefit, limitations on remodeling, restrictions on pets 
3.	The opportunity to have another person take over rent payments and live in the rental unit is called 	. 
ANS...
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FCS 340 Exam 1 Questions with Complete Solutions
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FCS 340 Exam 1 
Questions with 
Complete Solutions 
 
Which of the following is not identified as a purpose of the book? - ANSWER 
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? - ANSWER 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 stewa...
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FCS 340 Exam 3 Questions and Verified Answers (2024 / 2025)/ A+ GRADE
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FCS 340 Exam 3 Questions and Verified Answers (2024 / 2025)/ A+ GRADE 1.	traditional financial guidelines suggest that your home cost about 	 times your annual income 
ANS 2 1/2 or (25 or 30 percent of your take-home pay) 
2.	list advantages of renting 
ANS easy to move; fewer responsibilities for maintenance; minimal financial commitment 
3.	list disadvantages of renting 
ANS no tax benefits; limitations regarding remodeling; restrictions regarding pets and other activities 
4.	The opportunity ...
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FCS 340 Exam Questions with Correct Answers
- Exam (elaborations) • 6 pages • 2024
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FCS 340 Exam Questions 
with Correct Answers 
 
If you lose your debit card and notify your financial institution within two days, how much 
are you potentially liable for? - ANSWER $50 
When you select a financial services provider, what are major factors to consider? - 
ANSWER -Borrow money if needed. 
-Min. cost of checking & payment services 
-Bet return on savings 
What type of financial services do to the following provide? 
a. A credit card companyb. An investment companyc. A life insuran...
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FCS 340 Exam 2024 with Guaranteed Correct Answers
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Which of the following is not identified as a purpose of the book? - correct answer 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? - correct answer 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 i...
Too much month left at the end of the money?
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FCS 340 Test 1 Questions with Correct Answers
- Exam (elaborations) • 5 pages • 2024
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FCS 340 Test 1 Questions with 
Correct Answers 
 
Higher consumer prices are likely to be accompanied by _______ interest rate. - 
ANSWER higher 
What is the definition of economics? - ANSWER Study of how wealth is created 
and distributed 
What is the Fed? - ANSWER Federal Reserves 
What is the main responsibility of the Fed? - ANSWER Regulate national money 
supply 
The "obtaining" component of financial planning is defined - ANSWER 
Foundation of financial planning, resources used for all f...
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FCS 340 Exam 1 Questions with Complete Solutions
- Exam (elaborations) • 7 pages • 2024
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Available in package deal
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FCS 340 Exam 1 Questions with Complete Solutions 
 
Which of the following is not identified as a purpose of the book? - ANSWER 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? - ANSWER	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 steward...
-
FCS 340 Exam Questions with Correct Answers
- Exam (elaborations) • 6 pages • 2024
-
Available in package deal
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- $13.39
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FCS 340 Exam Questions with Correct Answers 
If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER	$50 
 
When you select a financial services provider, what are major factors to consider? - ANSWER	-Borrow money if needed. 
-Min. cost of checking & payment services 
-Bet return on savings 
 
What type of financial services do to the following provide? 
 
a.	A credit card company- 
 
b.	An investment company- 
c.	A lif...
-
FCS 340 Test 1 Questions with Correct Answers
- Exam (elaborations) • 5 pages • 2024
-
Available in package deal
-
- $12.49
- + learn more
FCS 340 Test 1 Questions with Correct Answers 
Higher consumer prices are likely to be accompanied by	interest rate. - ANSWER	higher 
 
What is the definition of economics? - ANSWER	Study of how wealth is created and distributed 
 
What is the Fed? - ANSWER	Federal Reserves 
 
What is the main responsibility of the Fed? - ANSWER	Regulate national money supply 
 
The "obtaining" component of financial planning is defined - ANSWER Foundation of financial planning, resources used for all financia...
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FCS 340 Ch 12 Exam Questions and Answers
- Exam (elaborations) • 4 pages • 2024
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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...
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