Questions from Personal Finance


Q: Reconciling Your Account Balance. What does it mean to “reconcile

Reconciling Your Account Balance. What does it mean to “reconcile your account balance?” Why is it important for you to regularly perform this task?

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Q: Calculating a Risk Premium. What is a risk premium? How

Calculating a Risk Premium. What is a risk premium? How is the risk premium calculated?

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Q: Future Value of Annuity. Kirk can take his $1,

Future Value of Annuity. Kirk can take his $1,000 income tax refund and invest it in a 36-month certificate of deposit at 3%, compounded monthly, or he can use the money to purchase a home entertainme...

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Q: Credit Cards and Liquidity. What is the risk of using credit

Credit Cards and Liquidity. What is the risk of using credit cards as a source of liquidity?

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Q: Correcting Mistakes on Your Credit Report. Explain how to correct a

Correcting Mistakes on Your Credit Report. Explain how to correct a mistake you discovered on your credit report.

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Q: Common Types of Credit. What are some common types of credit

Common Types of Credit. What are some common types of credit?

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Q: Cash Versus Credit. Why should some people use cash to make

Cash Versus Credit. Why should some people use cash to make purchases instead of credit?

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Q: What are some possible disadvantages of using online sources of personal finance

What are some possible disadvantages of using online sources of personal finance information?

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Q: Time Value and Savings. How can an understanding of the time

Time Value and Savings. How can an understanding of the time value of money motivate you to save more money?

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Q: Risk Premium on a Deposit. A local bank offers a deposit

Risk Premium on a Deposit. A local bank offers a deposit that earns 4% annual interest. The deposit is backed by the government if the bank fails. What is the risk premium of this depost?

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