Principles of Investment — Unit test Answers

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21
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The following chart shows a store’s records of sales of stuffed toys for two months. Which of the following are accurate assessments of trends displayed in this graph? I. The market share held by cats increased by about 6.5 percentage points. II. Roughly 22.2% more stuffed toys in the “other” category were sold in October than in September. III. The total number of stuffed toys sold increased by about 2%. a. I and II b. II only c. I and III d. I, II, and III Please select the best answer from the choices provided

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A
A
B
B
C
C
D
D
22
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Which types of credit are most similar to each other?

A
auto loan and mortgage loan
B
auto loan and personal loan
C
credit card and mortgage loan
D
mortgage loan and personal loan
23

Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $73,025?a.$2,190.75b.$2,044.70c.$1,703.92d.$1,217.08

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A
B
B
C
C
D
D
24

Which agency is responsible for promoting the welfare and opportunities of wage earners?a.FDAb.HUDc.DOLd.CPSC

A
A
B
B
C
C
D
D
25

What must happen in order for an insurance company to make a payout? Check all that apply.

A
The insurance company must verify the claim.
B
The insured party must file a claim.
C
The insured party must purchase property.
D
The insurance policy must be in place.
E
The insured party must experience a covered loss.

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