Which of the following is an example of money management?
A) Putting your money in a savings account at your bank
B) Shopping around for the credit card with the best interest rate
C) Deciding to delay buying a new car until you can pay cash
D) Paying off a loan early to reduce the interest charges
Answer: A
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Which term is used to describe an organizational operating surplus?
A. ratio B. solvency C. liquidity D. profitability
What are 4 employer-sponsored child care programs?
What will be an ideal response?
A creditor beneficiary refers to an original creditor who becomes a beneficiary under the debtor's new contract with another party
Indicate whether the statement is true or false
Which of the following statements about the waiver-of-premium provision in life insurance is true?
A) Because the probability of becoming disabled exceeds the probability of premature death, the cost to include this provision is usually prohibitive at younger ages. B) Premiums are usually waived if the insured becomes partially disabled. C) Life insurance protection continues in force during a period of disability, but dividends cease and cash values are reduced. D) The disability must occur before a stated age, such as 65, for premiums to be waived.