Questions I got wrong Flashcards
1
Q
What’s an example of product placement?
A
A product being mentioned on a radio drama
2
Q
What’s the difference between someone’s total assets and total liabilities
A
net worth
3
Q
What affects a 35 year old’s 3 year plan the most
A
A change in interest rates
4
Q
Can a cash flow forecast help more than one plan at a time
A
Yes
5
Q
A credit search brings up what about a person?
A
All the credit applications a person has made
6
Q
What’s the trade off of the possibility of high returns
A
A high degree of risk
7
Q
What is the higher rate tax on property?
A
28%
8
Q
What’s the higher rate tax on income?
A
40%
9
Q
If you break a child’s bond early what must be paid
A
90 day’s interest
10
Q
What is a personal contract purchase?
A
Hiring a motor vehicle
11
Q
What insurance covers mortgages
A
Mortgage protection assurance
