FIN APPS II FINAL EXAM REVIEW (TRUE OR FALSE Q'S)

ARM and balloon mortgages are good options for people with bad credit

False

John D. Rockefeller was a businessman in the early 1900s who is remembered only for his wealth

False

Not every state has FICA tax withholdings

False

Term Life Insurance is more expensive because it funds a savings plan

False

The purpose of insurance is to increase your investments

False

There is nothing that distinguishes your values and interests from those of other teenagers

False

You do not need renter's insurance if you live in a form at college

False

You have to wait until you have a large income before you can help others

False

Your salary is the most important motivation for working

False

Amenities and extras, such as health clubs and spas, will increase the rental price of an apartment

True

Delaying the act of giving will make giving less likely in your future

True

If you commit to following the Five Foundations, you will have more money to give to others

True

Increasing your deductible usually decreases the premium

True

Making a good first impression is essential in the interview process

True

Money is not the only way to give

True

One financial benefit of giving money to charity is that your contribution may be tax deductible

True

One of the most important and rewarding things you can do is give

True

The co-play is the amount of money you pay out of pocket when you make a visit to a hospital or doctor's office

True

There are two parts to FICA: Medicare and Social Security

True

When we give to others, we become less self-focused.

True

You can be remembered for positive or negative attributes

True