Finance FinalBy admin / August 24, 2019 Welcome to your Finance Final Final Exam. Click "Next" to continue. A person's estate includes which of the following? Their home Their investment account Their car Their furniture All of the above None of the above None Which of the following are types of life insurance policies? (Select all that apply) Whole Life Partial Life Term Life Annuity Life Universal Life You are talking to, John, an investment broker in San Diego who does not see any benefit to advertising with us. What should you say? John, you are right, most of our heroes already have retirement accounts and are set for the future. John, we can guarantee that many of our local heroes will start calling you to supplement their retirement income. John, we can advertise you as the exclusive investment broker to the heroes in the San Diego area. Many retiring heroes do not want to rely on their retirement benefits alone and are looking for honest and supportive brokers to help them out. None Which statement about a financial advisor/retirement planner is untrue? They are generally well-educated They will help clients plan for the future They do not work with government eployees They understand the importance of saving They offer financial advice None Defaulted student loans drop off a credit report after two years. Please select your answer True False As an agent dealing with financial planners, it is a good idea to have some basic knowledge about different financial products so that the advisers think you know a little about what you are talking about. True False None As an agent, why is it important for you to know the basics about some of the financial instruments? (Select all that apply) It allows you to speak more confidently with people in the finance industry. It makes it easier for you to connect with people in the finance industry. You can legally sell stocks and other financial instruments to the heroes. You can build connections between our heroes and any financial needs they may want from the advisor/broker. According to the latest information from the Federal Reserve, credit debt has exceeded what dollar amount? $3.5 Billion $3.5 Bazillion $3.5 Trillion $3.5 Trazillion None Non-humanities college graduates earn, an average, ________% more over a lifetime than do non-college graduates. 200 300 400 500 None What is the primary difference between a 529 Plan and a 401(k)? A 401(k) is strictly for educational purposes and the 529 is not. A 401(k) is only for children and matures when the child is 18 years old. A 529 Plan is designated for educational purposes, whereas a 401(k) is a general investment account. Every employer offers a 401(k) and no employers offer the 529 Plan None Real Name Phone Name Unit Name Email Address Time's up
