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[Show more]©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Family Financial Health Exam 
Study Guide. 
Vested - answerHaving a claim to the money in an employer-sponsored retirement account 
that has been reserved for you upon your retirement, even if you leave the company 
Current li...
Preview 2 out of 7 pages
Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Family Financial Health Exam 
Study Guide. 
Vested - answerHaving a claim to the money in an employer-sponsored retirement account 
that has been reserved for you upon your retirement, even if you leave the company 
Current li...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
Fmly 2400 Exam Questions With Correct 
Answers 
What are the two definitions of credit? - answerBorrowing money now, promise to pay later 
with interest; Borrowing capacity of the individual 
What is a payday loan? - answerHigh interest...
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Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
Fmly 2400 Exam Questions With Correct 
Answers 
What are the two definitions of credit? - answerBorrowing money now, promise to pay later 
with interest; Borrowing capacity of the individual 
What is a payday loan? - answerHigh interest...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400: RETIREMENT PLANNIGN 
AND THE SOCIAL SAFETY NET. Exam 
Questions With Correct Answers 
Why of retirement planning - answer-important (government benefits CPP, old age dont 
support most, prepare for sickness, chance to do thin...
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Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400: RETIREMENT PLANNIGN 
AND THE SOCIAL SAFETY NET. Exam 
Questions With Correct Answers 
Why of retirement planning - answer-important (government benefits CPP, old age dont 
support most, prepare for sickness, chance to do thin...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: PERSONAL AND 
FAMILY FINANCIAL PLANNING. Exam 
Study Guide. 
Personal financial planning - answerprocess of managing money to achieve personal 
economic satisfaction 
advantages of financial planning - answer-points...
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11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: PERSONAL AND 
FAMILY FINANCIAL PLANNING. Exam 
Study Guide. 
Personal financial planning - answerprocess of managing money to achieve personal 
economic satisfaction 
advantages of financial planning - answer-points...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: TAXATION 
MATTERS 
Effective tax strategy - answer-vital for successful financial planning 
goal of tax strategy - answermaximize after tax cash flows and net worth 
important in terms of taxes - answer-know current...
Preview 2 out of 8 pages
Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: TAXATION 
MATTERS 
Effective tax strategy - answer-vital for successful financial planning 
goal of tax strategy - answermaximize after tax cash flows and net worth 
important in terms of taxes - answer-know current...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: MONEY 
MANAGEMENT 
Money management - answerday to day financial activities to manage current personal 
economic resource while working toward long term financial security 
challenge with money management - answerto...
Preview 2 out of 7 pages
Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 - LECTURE: MONEY 
MANAGEMENT 
Money management - answerday to day financial activities to manage current personal 
economic resource while working toward long term financial security 
challenge with money management - answerto...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400: SAVING AND INVESTING 
Exam Questions With Correct Answers 
What kind of questions to ask before investing - answer-what will the money be used for and 
how much will be needed? 
-how will that money be obtained? 
-how long wi...
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Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400: SAVING AND INVESTING 
Exam Questions With Correct Answers 
What kind of questions to ask before investing - answer-what will the money be used for and 
how much will be needed? 
-how will that money be obtained? 
-how long wi...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Exam Study Guide. 
Conventional Mortgage - answerDown payment greater than 20%. 
Large down payment = easier to obtain a mortgage 
Does not require mortgage loan insurance. 
Can avoid the CMHC fee (Canadian Mortgage and Housin...
Preview 2 out of 13 pages
Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Exam Study Guide. 
Conventional Mortgage - answerDown payment greater than 20%. 
Large down payment = easier to obtain a mortgage 
Does not require mortgage loan insurance. 
Can avoid the CMHC fee (Canadian Mortgage and Housin...
©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Exam Questions With Correct 
Answers 
1. What does the term vesting refer to? - answerPension legislation determines when 
employees are vested, which means that they have a claim to the money that has been 
reserved for them ...
Preview 2 out of 9 pages
Add to cart©BRIGHTSTARS EXAM SOLUTIONS 
11/16/2024 10:16 AM 
1 | P a g e 
FMLY 2400 Exam Questions With Correct 
Answers 
1. What does the term vesting refer to? - answerPension legislation determines when 
employees are vested, which means that they have a claim to the money that has been 
reserved for them ...
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