Question

6-)

A budget is not intended to help you determine

Select one:

a. how much money you will have at the end of each month.

b. a plan for spending all of your income on current needs.

c. how much you can allocate for the future.

d. how to prevent excessive spending to achieve financial goals.

10-)

Which of the following will likely increase the premium of long-term care insurance?

Select one:

a. Waiting until you are retired to obtain the insurance

b. Having a longer waiting period before the policy goes into effect

c. Having a co-insurance provision

d. Choosing to receive benefits for a limited period

11-)

Stopping payment on a cheque

Select one:

a. is possible after the cheque clears in cases of disputes.

b. is free if your cheque book is lost or stolen.

c. can only be accomplished if the cheque has not cleared.

d. is a service frequently provided to most customers.

Answer 1

6-)

A budget is not intended to help you determine

Select one:

b. a plan for spending all of your income on current needs.

10-)

Which of the following will likely increase the premium of long-term care insurance?

Select one:

a. Waiting until you are retired to obtain the insurance

11-)

Stopping payment on a cheque

Select one:

c. can only be accomplished if the cheque has not cleared.