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.
Personal Finance Ch 1

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Lorri Arnce
Used 22+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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