Questions from Personal Finance


Q: How can accurate records and control procedures be used to ensure the

How can accurate records and control procedures be used to ensure the effectiveness of the personal financial planning process?

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Q: What does the loan-to-value ratio on a home

What does the loan-to-value ratio on a home represent? Is the down payment on a home related to its loan-to-value ratio? Explain.

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Q: Discuss some benefits of life insurance in addition to protecting family members

Discuss some benefits of life insurance in addition to protecting family members financially after the primary wage earner’s death.

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Q: What are the two main sources of health insurance coverage in the

What are the two main sources of health insurance coverage in the United States?

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Q: Discuss the basics of the Blue Cross/Blue Shield plans.

Discuss the basics of the Blue Cross/Blue Shield plans.

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Q: What are the advantages of using tax preparation software?

What are the advantages of using tax preparation software?

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Q: Differentiate between tax evasion and tax avoidance.

Differentiate between tax evasion and tax avoidance.

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Q: The monthly statement is a key feature of bank and retail credit

The monthly statement is a key feature of bank and retail credit cards. What does this statement typically disclose?

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Q: When does it make more sense to pay cash for a big

When does it make more sense to pay cash for a big-ticket item than to borrow the money to finance the purchase?

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Q: Why should the following types of life insurance contracts be avoided?

Why should the following types of life insurance contracts be avoided? (a) credit life insurance, (b) mortgage life insurance, (c) industrial life insurance (home service life insurance).

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