The earlier you begin saving for your retirement, the easier it will be to reach your financial goals for retirement.      A. TRUEB. FALSE

Which of the following is NOT a key to getting a low interest rate on a loan?      A. variable rate loanB. down paymentC. long loan termD. strong credit scoreE. collateral

The helpful investment rule-of-thumb tells you approximately how many years it takes for a sum of money to double in size is …      A. rule of 100B. rule of 72C. rule of future valueD. rule of annuity doublingE. rule of compound interest

A savings alternative that pays a fixed rate of interest while keeping your funds on deposit for a contracted period of time that can range from 30 days to several years is called a …      A. certificate of depositB. term depositC. demand depositD. negotiable order of withdrawal depositE. None of the above are correct

What should you do with your goals on a frequent basis throughout your lifetime?      A. Modify them      B. Put them in writingC. Prioritize them      D. All of the above

A debit card is something of a cross between a credit card and a checking account.      A. TRUEB. FALSE

Credit bureaus …      A. collect information on your personal lifestyle and medical history.B. are private organizations that maintains credit information on individuals.C. determine whether or not your loan will be approved.D. are government organizations that decide who should get credit and who shouldn’t.

Your net worth, or your general level of financial worth, is found by …      A. dividing your monetary assets by your current liabilities.B. subtracting your liabilities from your assets.C. dividing monthly debt (less mortgage payment) by monthly income.D. subtracting current liabilities from monetary assets.E. subtracting your expenses from your income.

You would only take the standard deduction if it is less than your itemized deduction.      A. TRUEB. FALSE

Current liabilities are those that can typically be paid off in full within twelve months.      A. TRUEB. FALSE