Preparing for the Future Answers

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In which environment would you would be more likely to have easy access to museums and fine arts?

A
Urban
B
Suburban
C
Rural
D
None of these is more likely to have museums and fine arts
2
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In which environment would you would be more likely to have home separated by acres of land and relative peace and quiet?

A
Urban
B
Suburban
C
Rural
D
None of these is more likely
3

Although a money market account generally earns more interest than a savings account, it has the disadvantage of ____________.

A
Requiring an investing partner
B
Not allowing withdrawals until age 30
C
Not allowing withdrawals until age 60
D
Requiring a minimum balance
4

Two necessary expenditures which are leading inflationary indicators are _________.

A
Housing and lawn design
B
Clothing and fashion
C
Televisions and cable rates
D
Food and gasoline
5

Upon retirement, some retirees save money by ________.

A
Buying larger homes
B
Traveling to visit relatives in various locations
C
Moving to live with their children
D
Starting their own businesses
6

Although buying a Certificate of Deposit can earn your higher returns than a regular savings account, it can have the negative side effect of _________.

A
Needing frequent transfers to stay active
B
Requiring a high initial investment
C
Being taxed when invested and when withdrawn
D
Having to be tied to a fixed rate saving account
7

Which career choice could negatively impact your future health and wellness?

A
Choosing a manual labor job which strains your body
B
Choosing a white collar job with high pay and tons of stress
C
Choosing a sales job with the possibility of no retirement benefits
D
All of the above
8

If you find out you’re going to have your job downsized, you should ________.

A
Feel relieved that you are not going to be fired
B
Buy new clothes for your new position
C
Review and reduce your future spending
D
Begin researching your company’s promotion procedures
9

Individual Retirement Accounts (IRAs) are very popular because ______.

A
They include a large variety of stock options
B
They are not taxed until retirement
C
They have very high rates of return
D
They have unlimited contribution potential
10

Inflation makes it harder to buy things because _______.

A
It increases your tax burden to the government
B
It causes your money to have less value
C
It decreases the cost of goods and services
D
It leads to a excess of goods and services

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