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Ideal financial plan

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Reference no: EM133111768

Multiple Choice

1. An ideal financial plan should have:

a. A summary at the beginning.

b. All of the choices are correct.

c. A summary at the end.

d. A mix of written information, numbers through tables, and figures.

2. Which of the following is not a strength associated with a whole life policy?

a. The premiums remain level over time and thus aren't unaffordable in later years

b. Higher payments than needed to cover mortality risk are an effective "forced savings" component for those who need it

c. All of these are strengths associated with a whole life policy

d. None of these are strength associated with a whole life policy

3. What is the goal of an assessment of behavioral financial planning?

a. To maximize profits

b. To maximize revenue

c. None of the choices are correct.

d. To understand and evaluate the contribution of behavioral analysis to PFP

7. The amount due at bond maturity is called the:

a. Par value.

b. None of the choices are correct.

c. All of the choices are correct.

d. Face value.

8. Which of the following asset categories are not included in Total Portfolio Management?

a. Pension assets.

b. All of these are included.

c. Human assets.

d. Social Security.

Reference no: EM133111768

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