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Question 16. 16. (TCO 3) An example of a _____ is General Motors Acceptance Corporation. (Points : 4)

credit union payday advance company finance company department store commercial bank

Question 17. 17. (TCO 3) If Anthony Fontain makes a decision to accept a variable-rate loan instead of a fixed-rate loan, he is _____ with the lender and reducing the lender's risk. (Points : 4)

sharing the interest rate risk increasing his monthly payments taking a larger stake in the asset he is purchasing repaying the loan over a faster period of time pledging collateral

Question 18. 18. (TCO 3) If Terry White would default on his loan that he was approved for in order to purchase a Chevrolet, then (Points : 4)

an advance notice would be required before his car was repossessed. no advance notice would be required before repossession. the federal consumer credit laws would give him protection from his car being repossessed. he wouldn't have to pay the full balance due on his automobile loan. he would pay 50% of the balance due on his automobile loan.

Question 19. 19. (TCO 5) All of the following statements are false but which? (Points : 4)

When establishing an investment program, you should begin by monitoring your investments. When you are choosing an investment, you should examine only the interest rate risk factor associated with each investment. When establishing an investment program, you should examine the potential return offered by different investment alternatives. Leave the financial planning to the professionals. There is no need to monitor your investments after you have made your investment decision.

Question 20. 20. (TCO 5) If Robert is concerned about the location of an investment, most likely he is interested in purchasing (Points : 4)

common stock. preferred stock. a corporate bond. real estate. a mutual fund.

Question 21. 21. (TCO 5) The purpose of asset allocation is to (Points : 4)

reduce risk. increase growth. lower liquidity. provide a high return. increase income.

Question 22. 22. (TCO 5) _____ involves the analysis of charts and historical data in order to make stock purchasing decisions. (Points : 4)

Fundamental Technical Efficient market Chart Plot

Question 23. 23. (TCO 5) A(n) _____ market is one in which previously issued financial securities are traded among investors. (Points : 4)

technical fundamental efficient secondary primary

Question 24. 24. (TCO 5) ABC Corporation has assets that total $15 million and liabilities that total $4 million. It also has 500,000 shares of stock outstanding. What is ABC's book value per share? (Points : 4)

$8 $38 $22 $8 $30

Question 25. 25. (TCO 5) Scott Turner has a bond with 10 years to maturity, a face value of $1,000, an 8% interest rate, and a market price of $800. What is the yield to maturity on this bond? (Points : 4)

4.00% 11.11% 8.00% 10.00% 6.67%

Question 26. 26. (TCO 5) An example of a junk bond is a(n) (Points : 4)

Treasury bond. bond rated B by Standard & Poor's. bond rated AAA by Standard & Poor's. insured municipal bond. Treasury bill.

Question 27. 27. (TCO 5) What is the current yield for a $1,000 corporate bond that pays 9% and has a current market value of $825? (Points : 4)

9.0% 10.9% 10.0% 8.25% 8.0%

Question 28. 28. (TCO 3) Lori Walker purchased a new car 9 months ago, and decides to take it in for servicing under the warranty. Lori is involved in which step of the purchasing process? (Points : 4)

Problem identification Information gathering Evaluating alternatives Determining the purchase price Postpurchase activities

Question 29. 29. (TCO 1) Melba Anderson has a document that allows her new microwave to be repaired or replaced within a certain time frame if it stops working. She has a (Points : 4)

coupon. rebate. warranty. rain check. class action suit.

Question 30. 30. (TCO 3) A motor vehicle has annual depreciation of $2,500, oil changes cost $230, automobile insurance costs $550, and license plates cost $125. What is the annual amount of the total fixed operating cost for this vehicle? (Points : 4)

$3,405 $2,625 $2,500 $3,050 $3,175

Question 31. 31. (TCO 3) The _____ is considered to be the appraised value of your home. (Points : 4)

value used to calculate property taxes estimated current market value price you paid to purchase the home amount of money a buyer has offered to purchase the home cost remaining after the down paym