EPF Final Exam Review Pt. 2

When budgeting to buy a car, what are some other expenses to keep in mind? Check all that apply.

• Auto Insurance

• Gas

• Closing Costs

• Maintenance Costs

• Security Deposit

Andy worked a total of 43 hours this week. His pay rate is $23.50. What is his gross pay?

Jim worked a total of 46 hours this week. His pay rate is $35.00. What is his gross pay?

What is a stock broker?

• A machine that keeps track of the prices of stocks

• Someone who loses all of his/her money after making bad investments

• Someone who is licensed to buy and sell stock on a stock exchange

• Anyone who owns stock

A diversified portfolio is desirable because it:

• limits investors’ choices to only one or two investment tools

• increases the risk/return ratio

• decreases risk by investing money in a variety of investment tools

• indicates an investor is a good predictor of the return an investment will have

A resume should include all of the following except

• your educational background

• relevant experience

• how to contact you

• personal statements from your references

What part of SMART is this? 'Roger will gain employment.'

• Specific

• Time-bound

• Achievable

• Measurable

• Realistic

Owning a vehicle has more maintenance involved than renting a car.

• True

• False

It is recommended that you carry your social security card with you at all times.

• True

• False

The relationship between risk and return in investing can be stated as:

• lower risk indicates higher potential return

• No relationship exists between risk and return

• higher risk indicates lower potential return

• higher risk indicates higher potential return