Wise wise wise

Time value of money is concept that refers to money

• received today is worth more than the same amount of money received in the future

• blah

• blah

• blah

it is advisable to avoid lending money to a friend or relative unless the person

• has [promissory note signed by the borrower in the presence of a witness.

• bal

• balh

• blah

A person FICO credit score is 803 Her creditworthiness is best described as

• very good she should be able to obtain most types of credit at a reasonable interest rate

• balg

• blah

• blah

A person should consider changing his budget when

• he has a newborn child

• .

• .

• .

A person wrote a check for 100$ but her checking amount only has 25$ the bank paid the check because she has

• overdraft protection

• j

• j

• j

Certified Financial Planners give advice to their clients in order to help them

• achieve their financial goals within target dates

• k

• j

• k

How does corporate bond differ from corporate stock

• The bondholder lent the company money; the stockholder bought part ownership in the company

• k

• k

• k

A person who has several types of saving and investment products to manage risk is using a strategy known as

• ddiversification

• j

• j

• j

A person takes a job that offers a 5% matching contribution to a 401K plan This means that for every dollar the employee contributes to the 401k the employer will

• match each dollar contributed up to 5% of employee's salary

• f

• gddgfd

• fgdfgd

A person should check her free credit reports

• once a year

• kjjkj

• kjkjk

• kjkjkj