Can certificates of deposit (CDs) lose value?

June 30, 2024 No Comments

A: Certificate of deposit (CD) accounts held by consumers of average means are relatively low risk and do not lose value. This is because CD accounts are FDIC insured up to $250,000. However, early withdrawal from a CD account can result in getting less money

Can creditors garnish my IRA?

June 30, 2024 No Comments

A: Depending on the state where you live, your IRA may be garnished by a number of creditors. Unlike 401(k) plans or other qualified retirement savings vehicles, individually established traditional or Roth IRAs are not covered under ERISA. While employer-sponsored retirement plans are 100% protected

Can Direct Consolidation Loans be deferred?

June 30, 2024 No Comments

A: Requests to defer loan payments on federally guaranteed direct consolidation loans are typically granted when those requests are supported by facts such as the debtor’s re-enrollment in school, unemployment, economic hardship or military service. A federal Direct Consolidation Loan, or DCL, allows the borrower

Can Foreigners Open Savings Accounts in the US?

June 30, 2024 No Comments

A: A non-U.S. citizen can open a checking or savings account in the United States, but financial institutions reserve the right to deny his or her application to do so. Business Contract with Non-U.S. Citizen Private businesses in the U.S. have the right to contract

Advantages and disadvantages to dealing with internet-only banks

June 30, 2024 No Comments

A: In recent years, large companies have set up internet-only banks as a means of diversifying into the financial sector and providing personal banking services. For a company, the greatest advantage of providing internet-only banking services compared to a traditional brick and mortar bank is

What personal items am I allowed to bring with me into the CFA exam testing room?

June 30, 2024 No Comments

A: Aside from the required examination admission ticket, current valid international travel passport, approved calculator, and approved writing instruments, the CFA Institute states that you can also bring: Manual pencil sharpeners Erasers Loose calculator batteries (and a screwdriver for battery replacement if needed) Calculator cases and keystroke cards

What type of work experience can count towards the work experience required to obtain the CFA charter?

June 30, 2024 No Comments

A: CFA Institute provides a work experience self-assessment to help you determine whether or not your experience might qualify you to become a member. You must have spent at least 50% of your time utilizing financial data or supervising or teaching those who utilize financial data for

Which consumer goods do Americans buy the most of?

June 30, 2024 No Comments

A: The average American consumer earning a median salary of approximately $50,000 a year spends approximately $15,000 to $16,000 per year on consumer goods as of 2014, according to the U.S. Bureau of Economic Analysis. Consumer goods, alternatively referred to as final goods or retail

Which of the following statements are true with respect to price-earnings (P/E) multiples …

June 30, 2024 No Comments

Q: Which of the following statements are true with respect to price-earnings (P/E) multiples? I. During a recession, P/E multiples will generally increase. II. As the growth prospects of a company increases, holding everything else constant, its P/E will also rise. III. As the required

Which of the following statements are true with respect to the coefficient of determination …

June 30, 2024 No Comments

Q: Which of the following statements are true with respect to the coefficient of determination? I. Coefficient of determination and correlation coefficient must always have the same algebraic sign (i.e. plus or minus). II. As the sum of squares of the error terms increases, coefficient

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