Real Estate Housing investmentsCars & Personal Finance Accounting Assignment Help

Assignment Task

Introduction to Personal Finance
1. Examples of Earning Assets are:Mutual Funds, Securities, Real Estate & Housing investmentsCars, Antique investments.  2What is sinking fund?A one-time expense incurred to settle obligations• Putting aside equal payments to pay off future obligationsPutting equal payments which cannot be recovered
3. Residual Value is:The price of an asset at the time of purchaseThe remaining life of an assetThe difference between purchase and sale priceNone of the above.
4. Loan-to-Value ratio is the maximum amount/value of the asset, which a person is willing to take as loan.TrueFalse
5. The Personal Financial Planning life Cycle shows that the line on chart is linear and not curveTrueFalse
6. What of the following is true for an Annuity?Series of unequal payments for definite period of timeSeries of equal payment for indefinite period of timeSeries of equal payments for definite period of time 
7. Which of the following is NOT true for Demand Deposit?Account holder can withdraw funds anytime he/she wishesFunds can be withdrawn via cheque only Account is maintained at Financial InstitutionIt is a type of chequing account 
8 .Which of the following DOES NOT affect quality of life/standard of living?Clean Air, green/natural environmentPollution and Traffic 
9. Time Value of Money refers:A. Purchasing PowerB. Financial AssetsA C. Fixed AssetsSavedOnlyA& COnlvB&AOnly B & CAll A B & C

10. In six- step financial planning process, we develop and implement budgets to monitor and control progresstowards goal and they remain same throught the life.

    

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