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2. Financial planning can help us to

a.	control inflation.
b.	spend wisely.
c.	control unemployment rates.
d.	a and b.
e.	a, b, and c.

8. The federal income tax is

a.	integrative.
b.	regressive.
c.	progressive.
d.	flat rate.
e.	none of the above.

14. Which of the following would be an appropriate savings vehicle if you expected interest rates to fall over the next few months?

a.	money market deposit account
b.	money market mutual fund
c.	certificate of deposit
d.	Series EE US savings bond
e.	a and b

15. Janice Sanders plans on saving $12,000 for 3 years until she returns to college for her master's degree in personal financial planning. She would like to receive a fixed rate of return over that period. Which of the following would you recommend?

a.	money market deposit account
b.	1-year certificate of deposit
c.	3-year certificate of deposit
d.	Series EE US savings bond
e.	b or c

16. Appropriate reasons to use credit include for

a.	convenience.
b.	durable expenses.
c.	investments.
d.	emergencies.
e.	all of the above

19. ____ would be a proper use of credit.

a.	Purchase of a house
b.	A financial emergency
c.	Shopping convenience
d.	Investing
e.	All of these

20. ____ is a benefit of borrowing.

a.	The ability to buy expensive goods while spreading the payments over time
b.	Providing payments that fit into a budget
c.	Having a permanent record of transactions
d.	Being able to purchase goods and services when checks are not acceptable
e.	All of these are benefits.

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