27 Apr Seminar in Personal Finance (FIN 406) – Final Examination
Seminar in Personal Finance (FIN 406) – Final Examination
Short Answer – Provide a short response to the statement or question. <5 pts each>
1. Cathy wants to buy some investments. Where should she go? Why?
2. What types of risks are commonly associated with personal financial decisions? How can these risks be evaluated and minimized to reduce personal and financial difficulties?
3. Why might a goal regarding use of leisure time be important to include in a financial plan?
4. Identify at least four warning signs that you may be in financial trouble.
5. Think about how you intend to use credit. Discuss the factors you would find most important in your choice of a credit card. Why?
6. What are the financial benefits of home ownership?
7. As a person ages, his or her investment choices may change. Why?
8. Is the Internet a valid tool to use for evaluating stocks? Why or why not?
9. Why might you want to invest in common stocks?
10. Discuss the importance of retirement planning?
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