LIFC 603 LIFC 603 – Financial Life Coaching Exam 2 passed
questions and answers new update 2024 Liberty University
• Question
1 4 out of 4
points
The interest rate stated on the face of a loan document is the:
Selecte
d Nominal interest rate
Answer
:
• Question 2
4 out of 4
A loan application fee is always included in the annual points
percentage rate.
Selecte Fal
d se
Answer
:
• Question 3
4 out of 4
Some warning signs of possible debt trouble points
include:
Selecte
d All of the above
Answer
:
• Question 4
4 out of 4
The time frame for immediate term points
goals is:
Selecte
d 2-5 years
Answer
:
• Question
5 4 out of 4
points
An ordinary annuity is an equal sum of money paid or received at the end
of equal periods of time.
Selecte Tr
d u
Answer e
:
• Question
6 0 out of 4
points
Characteristics of a successful spending plan include all of the following except:
, Selecte
d Flexibility
Answer
:
• Question
7 4 out of 4
points
A reason why some people tend to spend too much is because of peer pressure.
Selecte Tr
d u
Answer e
:
• Question 8
4 out of 4
The bad components of inflation points
include:
Selecte
d Both A and C
Answer
:
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