Introduction to Personal Finance DR

Introduction to Personal Finance DR

Multiple Select

Which of the following is not a benefit of understanding your own money personality?

• Recognizing who you are allows you the opportunity to grow and learn.

• Once you know your money personality, you can develop a financial plan that works for you.

• Knowing your money personality allows you to excuse excessive spending because it is simply part of your nature.

• None of the above.

Multiple Choice

Most Americans today are wealthy and will have financial security when they retire.

• True

• False

Multiple Choice

All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.

• Personal Finance

• Currency

Multiple Choice

Having debt keeps you from building wealth.

• True

• False

Multiple Choice

Personal financial success is primarily the result of:

• Managing your money behavior

• Winning the lottery

• Generous welfare and unemployment programs

• Inheriting money from parents

Multiple Choice

Which of the following is not a true statement?

• Americans learned to borrow amidst post-WWII prosperity.

• The credit industry in America has not changed much since 1917.

• After 1970, consumer debt skyrocketed.

• As banks made higher profits, they were willing to lend more money to consumers