Question: d

Answer:

Question: c

Answer:

Question: a

Answer:

Question: 46. Which of the following steps should be completed before starting an investment program?

1. Pick out at least two stocks or bonds to invest in.

2. B. Work to balance your budget.

3. C. Save at least $10,000 to invest.

4. D. Invest in certificates of deposit.

5. E. These all are completed at the same

6. Answer: b

7. Question: 47. Which of the following steps is NOT a factor to be considered before making your first investment?

8. A. Work to balance your budget.

9. B. Manage your credit card debt.

10. C. Have access to other sources of cash for emergency needs.

11. D. Save at least $10,000 to invest.

12. E. Start an emergency fund.

13. Answer: d

14. Question: b

15. Answer:

16. Question: a

17. Answer: 49. A good rule of thumb is to limit installment payments to ____________ of your net (after-tax)

18. income.

19. A. 20%

20. B. 30%

21. C. 40%

22. D. 50%

23. E. 60%

24. Question: d

25. Answer: 50. A _____________ is an employer-sponsored retirement account.

26. A. TRA account

27. B. 301(a) account

28. C. 509(re) account

29. D. 401(k) account

30. E. 321(a) account

31. Question: b

32. Answer:

33. Question: e

34. Answer: