Personal Finance ch 8-10
Discloses information about a company's earnings assets and liabilities
A prospectus
Factors that affect financial markets
Political/social conditions
A lender may ask the buyer to deposit money in an escrow account for paying _______
Property taxes
The purpose of the Dow Industrial Average is to...
Provide statistical averages
An attached home
Townhouse
Not a speculative investment
Treasury bills
Investment with the most predictable income is
US Savings Bonds
Corporate stock is a unit of ownership in a company
false
Fee-offset planners earn all of their money through the commission they make
false
PMI is a special policy that protects the lender in case the seller cannot make payments
false
example of closed-end credit
mortgage
which "five C's of credit" requires assets exceed libilities
capital
a credit bureau is required to follow reasonable procedures to make sure that ....
the info in a person's file is correct
A speculative investment is one that might earn a large profit in a short period of time
true
a borrower is a credit cardholder who does not pay off his/her balance in full each month
true
a seller usually pays a real estate agent a commission
true
if you file for Chapter 7 Bankruptcy, you will have to sell most of your assets
true
title insurance protects the buyer if problems are found with the ownership of the property
true
when you cosign a loan for a friend, you may be responsible to make loan payments if the other person fails to
true
Short term capital gains are
Taxed as ordinary income
Question you should ask when selling real estate
Can the buyer get required financing?
the following are all consumer credit protection laws EXCEPT
Check Clearing for the 21st Century Act
Not a possible source of money to invest
Insurance policy
An investment in which investors pool their money to buy stocks bonds and other securities
Mutual fund
What a buyer might do get a low interest rate
Pay points
Profits a company reinvests for expansion or research and development
Retained earnings
The corporation gets its equity capital from its
Stockholders
a loan from a family member is an example of an expensive loan
false
consumer credit is the use of credit for business or personal needs
false
inflation increases the buying power of money
false
most adjustable rate loans have a rate hat
false
tax benefits are an advantage of renting a house
false
interest is tax-deductible on a ...
home equity loan
The Consumer Credit Counseling Service offers to
supervise debt repayment plans