FINAL EXAM UNIVERSITY OF PHOENIX

MUTUAL FUND, INVESTMENT, INSURANCE

Final Exam

Directions: Based on your readings and discussions in class, select the best answer. Utilize the Text Highlight feature or Bold your response.

1. Which of the following types of insurance protects you if you are sued for accidentally damaging someone's property or hurting another person? a. Term life insurance

b. Accidental death insurance

c. Universal life insurance

d. Personal liability insurance or an umbrella policy

2. To calculate accurately the size of your future retirement nest egg, you should a. assume that your money will grow at the rate that stocks have averaged over that past 40 years b. assume that you will not do better than the average investor, and make up for that by investing more money c. base your calculations on a rate of return of 6% or more d. base your calculations on a conservative rate of return of 6% or less a year