Finc 2400 exam 1 - Study guides, Class notes & Summaries
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FINC 2400 Exam 1 Questions And Answers Well Elaborated Graded A+.
- Exam (elaborations) • 10 pages • 2024
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What is involved in personal financial planning? - correct answer spending, financing, investing 
 
what you own - correct answer assets 
 
what you owe - correct answer liabilities 
 
the value of what you own minus the value of what you owe - correct answer net worth/wealth 
 
access to funds to cover any short-term cash deficiencies - correct answ...
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FINC 2400 Chapter 1 Practice Exam Questions & Answers.
- Exam (elaborations) • 10 pages • 2024
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FINC 2400 Chapter 1 Practice Exam Questions & Answers. 
 
 
1) Most Americans will never be able to understand and develop a personal financial plan. - CORRECT ANSWER FALSE 
 
A good understanding of the financial planning process will allow you to make informed decisions without relying on the advice of financial advisors. - CORRECT ANSWER FALSE 
 
In the United States the level of savings is about 
A) 50% of income earned. 
B) 25% of income earned. 
C) 4.5% of income earned. 
D) less than 1% o...
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