Personal Finance Ch 1

Personal Finance Ch 1

9th - 12th Grade

20 Qs

quiz-placeholder

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Personal Finance Ch 1

Personal Finance Ch 1

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Lorri Arnce

Used 22+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The credit system today is structured to accommodate a state of uncertain unemployment and income instability, utilizing high interest rates and fees to turn huge profits.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When developing a personal financial plan, one of the first things you should do is assess your current financial situation. This includes your income, assets, and liabilities.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Having debt keeps you from building wealth.

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True financial security is achieved when you money begins to generate an income-your money starts working for you.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Learning the language of money is not that important because you will be able to depend on financial planners to manage your money.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expensive houses and new cars are a true indication of wealth.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

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