PF Test

PF Test

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What type of people likes to plan for the future and are prepared for any type of financial situation?

Back

Security seekers

2.

FLASHCARD QUESTION

Front

What is considered to be a short-term financial goal?

Back

Saving for a family vacation

3.

FLASHCARD QUESTION

Front

What does the 'M' in the SMART goal setting acronym stand for?

Back

Measurable

4.

FLASHCARD QUESTION

Front

What is considered to be a long-term financial goal?

Back

Saving for a retirement fund

5.

FLASHCARD QUESTION

Front

How do you calculate net worth?

Back

Net worth = Total assets - Total liabilities

6.

FLASHCARD QUESTION

Front

If an individual has total assets of $120,000 and total liabilities of $80,000, what is their net worth?

Back

$40,000

7.

FLASHCARD QUESTION

Front

What is the definition of a financial goal?

Back

A financial goal is a specific objective that a person aims to achieve with their finances.

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