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FCS 340 Exam 3 Questions with Correct Answers
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FCS 340 Exam 3 Questions with Correct Answers 
Traditional financial guidelines suggest that your home should cost about	 times your annual income - ANSWER	20-30% 
 
List advantages and disadvantages of renting - ANSWER	Advantages: Easy to move, financial benefits, lifestyle flexibility 
Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets 
 
The opportunity to have another person take over rent payments and live in the rental 
 
 
List advantages and dis...
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FCS 340 Exam 3 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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FCS 340 Exam 3 | Actual Exam Questions | 
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FCS 340 Exam 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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FCS 340 Exam 1 | Actual Exam Questions | 
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FCS 340 Exam 3 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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Traditional financial guidelines suggest that your home should cost about __________ times your annual 
income - 20-30% 
List advantages and disadvantages of renting - Advantages: Easy to move, financial benefits, lifestyle 
flexibility 
Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets 
The opportunity to have another person take over rent payments and live in the rental unit is called 
__________________________. - Subletting 
List advantages and disadvantages of b...
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FCS 340 Exam 2 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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FCS 340 Exam 2 | Actual Exam Questions | 
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FCS 340 Exam 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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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...
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FCS 340 Exam 2 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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If you lose your debit card and notify your financial institution within two days, how much are you 
potentially liable for? - Anywhere between $50 to $500 
When you select a financial services provider, what are major factors to consider? - Convenience; 
Service; Interest rates (borrowing); Fees 
What type of financial services does a credit card company provide - Short-term lending 
What type of financial services does a investment company provide - Mutual funds, money market 
funds 
What type...
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FCS 340 Test Questions with Complete Solutions

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FCS 340 Exam Questions with Correct Answers

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FCS-340 Exam 2 Questions with Correct Answers

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FCS 340 Test 1 Questions with Correct Answers

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FCS 340 Final Test Questions with Complete Solutions

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FCS 340 Exam Questions with Correct Answers
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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 investm...
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FCS 340 Exam Questions with Correct Answers
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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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