Fcs 340 test questions Study guides, Class notes & Summaries

Higher consumer prices are likely to be accompanied by _______ interest rate. - correct answer higher What is the definition of economics? - correct answer Study of how wealth is created and distributed What is the Fed? - correct answer Federal Reserves What is the main responsibility of the Fed? - correct answer Regulate national money supply The "obtaining" component of financial planning is defined - correct answer Foundation of financial planning, resources used for all financi...

FCS 340 Test 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 or member of your community The second important question the authors suggested you ponder was, "What are the profound principles upon which the stewa...

FCS 340 Test Questions with Complete Solutions What does the author believe is the biggest financial mistake made by recent graduates? - ANSWER Buying a house beyond their means Most financial planners recommend worth of living expenses set aside in a savings or checking account as an emergency fund. - ANSWER three to six months In the reading, the story of Elder Robert D. Hales and his new bride was shared. He was in the air force and they'd missed Christmas to...

FCS 340 Test 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 or member of your community The second important question the authors suggested you ponder was, "What are the profound principles upon which the stewar...

FCS 340 Test 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version

FCS 340 Final Test Questions with Complete Solutions What is a closed-end mutual fund? What is an open-end mutual fund? - ANSWER 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? - ANSWER value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - ANSWER ...

FCS 340 Test 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 or member of your community The second important question the authors suggested you ponder was, "What are the profound principles upon which the stewa...

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 Founda...

FCS 340 Final Test Questions with Complete Solutions What is a closed-end mutual fund? What is an open-end mutual fund? - ANSWER 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? - ANSWER value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - ANSWER Load- a mutual fund...