283 Exam

Question	Answer
2. How do you compare cash management alternatives to determine which is best for you?	all of the above
3.Truth in savings act	A. helps investors compare interest rates
5.an investment company that raises funds from investors	Mutual fund firm
6.financial institution; not-for-profit organization	credit union
7.not advantage of a CD	liquidy
8.FDIC?	a
10.no checking account, _____ check	cashiers
11. go to bank with no account	cashiers check
12. automatic loan made to your checking account	overdraft protection
15.Truth in lending act requires____	APR
16. store charged when use credit card	merchant discount fee
17. Allan has credit balance of 3,000	D. Longest answer
18. give 5% discount	pass savings to you
20.credit card; doesn't offer revolving credit	T&E
21.not single purpose CC	bank of Am.
22. 5 c's of CC	D. Conditions
23. best strategy for controlling CC	All are good
24.can't pay CC bills,	all of the above
27.short-term loan until long-term	bridge loan
29.falling behind on signature loan	recourse clause
30.loan clause: défaut on secured loan	deficiency payments clause
31.When do the payments on a Stafford Loan begin	none of the above
35.A simple interest installment loan	Both B and D
36.Congrats!!! what will monthly payments be	218
45.All of the following are advantage of renting vs. buying	control over remodeling
46. considering the purchase of an acre of land out in the country	title search
47. name the items that are deposited in an escrow acc.	property taxes/insurance
48. Currently have an ARM	9%
53.Sally brings home 50,000 a year	301
54. using the needs approach to determine	beneficiary
55. billys occupation is potentially dangerous	term
58. insurance policy that pays your beneficiary a specific amount of $	term insurance
60. Last one	A

2. How do you compare cash management alternatives to determine which is best for you?

all of the above

3.Truth in savings act

A. helps investors compare interest rates

5.an investment company that raises funds from investors

Mutual fund firm

6.financial institution; not-for-profit organization

credit union

7.not advantage of a CD

liquidy

8.FDIC?

a

10.no checking account, _____ check

cashiers

11. go to bank with no account

cashiers check

12. automatic loan made to your checking account

overdraft protection

15.Truth in lending act requires____

APR

16. store charged when use credit card

merchant discount fee

17. Allan has credit balance of 3,000

D. Longest answer

18. give 5% discount

pass savings to you

20.credit card; doesn't offer revolving credit

T&E

21.not single purpose CC

bank of Am.

22. 5 c's of CC

D. Conditions

23. best strategy for controlling CC

All are good

24.can't pay CC bills,

all of the above

27.short-term loan until long-term

bridge loan

29.falling behind on signature loan

recourse clause

30.loan clause: défaut on secured loan

deficiency payments clause

31.When do the payments on a Stafford Loan begin

none of the above

35.A simple interest installment loan

Both B and D

36.Congrats!!! what will monthly payments be

218

45.All of the following are advantage of renting vs. buying

control over remodeling

46. considering the purchase of an acre of land out in the country

title search

47. name the items that are deposited in an escrow acc.

property taxes/insurance

48. Currently have an ARM

9%

53.Sally brings home 50,000 a year

301

54. using the needs approach to determine

beneficiary

55. billys occupation is potentially dangerous

term

58. insurance policy that pays your beneficiary a specific amount of $

term insurance

60. Last one

A

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