Personal Finance

• Business Studies
• 10-12 Grade

Which of the following is the best source of financial advice?

1. Information you overhead while waiting in line at the bank.
2. Information you read from an investment newspaper.
3. Information you obtained from a qualified financial adviser at your bank.
4. The first result you obtained after putting investment and stock tips into a search engine.

Which type of brokerage firms will likely provide the lowest cost of buying, selling and owning shares of a public company?

1. A small brokerage firm that deals with high net worth investors.
2. A discount brokerage firm.
3. I full service brokerage firm.
4. A online brokerage firm.

In which of the following situations will you be less likely to be asked your Social Security Number?

1. Purchase a boat with no financing.
2. Apply for a credit card.
3. Apply for student loan
4. Submit a job application.

If each of the following individuals have the same monthly expenses and income, who would need the most life insurance.

1. Sue, a retired widower with two adult children.
2. Frank, a single guy with no children.
3. Carrie, a single women with one child in elementary school.
4. Bob, a married man with a wife, who has her PhD but does to work.

If your car was damaged in a flood, which type of automobile insurance would typically cover the damage to your car?

1. comprehensive
2. liability
3. term
4. universal