Business Assessment

Which of the following is the best source of financial advice?

1. A google Search
2. YouTube
3. FaceBook
4. Bank Teller

Which type of brokerage firms will likely provide the lowest cost of buying, selling and owning shares?

1. A small brokerage firm
2. A discount brokerage firm.
3. I full service brokerage firm.
4. A online brokerage firm.

In which of the following situations will you be less likely to be asked your Social Security Number?

1. Purchase a boat with no financing.
2. Apply for a credit card.
3. Apply for student loan
4. Submit a job application.

If each of the following individuals have the same monthly expenses and income, who would need the most life insurance.

1. Sue, a retired widower with two adult children.
2. Frank, a single guy with no children.
3. Carrie, a single women with one child in elementary school.
4. Bob, a married man with a wife, who has her PhD but does to work.

If your car was damaged in a flood, which type of automobile insurance would typically cover the damage?

1. comprehensive
2. liability
3. term
4. universal

Do you have any money saved for yourself in the future?

1. No
2. Yes
3. My parents save it for me
4. I don't know

Mai charges $1000 to her credit card for a vacation. Her interest rate is 20% and she only pays the minimum amount (3% of the balance due) per month. How long does it take her to pay off the debt?

1. 10 years
2. 20 years
3. 8 years
4. 25 years

Is it better to invest in a new house or a new car?

1. a new house
2. both of these
3. a new car
4. neither of these

When credit cards are paid off within a month, how much interest will be charged?

1. 10%
2. 5%
3. none
4. 20%

Carlos got in an accident and has to pay $3, 788 to fix his car. He has a policy with a $500 deductible and 0% co-insurance. How much does Carlos pay and how much does the insurance company pay?

1. $200 $3388
2. $500 $3288
3. $250 $3588
4. $500 $3588