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Question 1

One can avoid the possibility of future repayment socks by keeping in mind the some types of transactions for which you should not generally use credit. Which of the following is Not out of those transactions?

Options :

A : To meet basic living expenses

B : To make impulse purchases

C : To purchase non-durable (short-lived) goods and services

D : To purchase durable goods and services

Answer: D

Question 2

Dealer charges include extras such as extended warranty.

Options :

A : False

B : True

C : There are no such charges

D : Sometimes it includes, sometimes not

Answer: B

Question 3

If the following are balance sheet changes: $5,005 decrease in accounts receivable $7,000 decrease in cash $12,012 decrease in notes payable $10,001 increase in accounts payablea "use" of funds would be the:

Options :

A : $7,000 decrease in cash

B : $5,005 decrease in accounts receivable

C : $10,001 increase in accounts payable

D : . $12,012 decrease in notes payable

Answer: D

Question 4

If you had a savings account at a bank, which of the following would be correct concerning the interest that you would earn on this account?

Options :

A : Sales tax may be charged on the interest that you earn

B : You cannot earn interest until you pass your 18th birthday

C : Earnings from savings account interest may not be taxed

D : Income tax may be charged on the interest if your income is high enough

Answer: D

Question 5

In bottom up approach of fundamental analysis investors begin with:

Options :

A : Industry

B : Economy

C : Market

D : Company

Answer: D