Financial Planning Knowledge Check

Insurance is one option for limiting potential loss should an unexpected event happen.

• True

• False

Having (a)   saved in case of an emergency is one way to reduce the consequences of unfortunate events in your life. (5 Letters)

Financial experts recommend having enough money to cover ___________ of expenses in an emergency fund.

• 3 - 6 Months

• 1 - 2 Months

• 6 - 8 Months

• 1 - 2 Years

Financial experts recommend establishing an emergency (a)   in case of an unexpected financial change. (4 Letters)

Personal factors that affect financial planning include all of the following, EXCEPT:

• Inflation

• Financial Literacy

• Health Status

• Risk Profile

The income you currently make and have the potential to make may affect your financial plan.

• True

• False

An increase in the production of goods and services resulting in higher stock prices, lower interest rates and business growth is the result of (a)   growth. (8 Letters)

Unemployment indicates the economy is not being efficient.

• True

• False