Unit 3 Test Review

Unit 3 Test Review

Assessment

Flashcard

Business

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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36 questions

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1.

FLASHCARD QUESTION

Front

What is the definition of personal financial planning?

Back

Arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals

2.

FLASHCARD QUESTION

Front

Which of the following is NOT a step in the financial planning process? Determine Your Current Financial Situation, Develop Your Financial Goals, Ignore Your Financial Situation, Review and Revise Your Plan

Back

Ignore Your Financial Situation

3.

FLASHCARD QUESTION

Front

What are the beliefs and principles you consider important, correct, and desirable called?

Back

Values

4.

FLASHCARD QUESTION

Front

Which of the following is a type of financial risk? Inflation risk, Career risk, Social risk, Health risk

Back

Inflation risk

5.

FLASHCARD QUESTION

Front

What is the difference between short-term goals and long-term goals?

Back

Short-term goals take one year or less to achieve; long-term goals take more than five years.

6.

FLASHCARD QUESTION

Front

Which of the following is an example of a financial goal? Buying a computer, Going for a walk, Reading a book, Watching a movie

Back

Buying a computer

7.

FLASHCARD QUESTION

Front

How does high consumer spending affect the economy?

Back

It creates more jobs and maintains them

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