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PerFin Review 2 --includes general and credit questions

Authored by David Braaten

Life Skills

10th - 12th Grade

Used 9+ times

PerFin Review 2 --includes general and credit questions
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53 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Having debt keeps you from building wealth.

True
False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following best explains why students should learn about personal finance?

Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future.
Personal finance skills are better learned through trial and error.
Personal finance skills are highly complex and require a great deal of time to learn.
Learning to manage money will help you achieve a profitable career.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Key components of financial planning include all of the following except:

write out a detailed plan for accomplishing your goals
Replace money myths with money truths
Allow your financial planner to make all of your major money decisions
Regularly monitor and reassess your financial plan.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following statements best describes how Americans are being outsmarted by banks and other leaders?

Credit is marketed so well that we desire to have it while completely dismissing the fact that interest rates and fees continue to destroy our financial well-being.
We are taught that we can buy happiness
Buying things on credit has become acceptable in our culture.
We are driven by consumerism

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Personal financial success is primarily the result of

Managing your money behavior
Winning the lottery
Generous welfare and unemployment programs
Inheriting money from your parents

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following statements best explains why income alone does not determine wealth?

Investing is the only factor that contributes to wealth building
Income alone does determine a person's wealth
Only people who are natural savers can become wealthy.
How much money a person makes does not dictate his or her spending and saving behavior.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a consequence of spending more than you make?

Missed opportunity to save and invest
stress
a cycle of debt
All of the above

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