Personal Finance - Ch 1 Intro Foundations Digital

Credit is marketed so well that we desire to have it even though it destroys our financial well being.

• TRUE

• FALSE

Having debt keeps you from building wealth.

• TRUE

• FALSE

One of the 1st steps in developing a personal financial plan is to assess your current financial situation.

• TRUE

• FALSE

How much money a person makes does not dictate his/her spending and saving behavior.

• TRUE

• FALSE

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

• TRUE

• FALSE

Knowing your money personality allows you to excuse excessive spending because it's just your nature.

• TRUE

• FALSE

You should allow your financial planner to make all of your major money decisions.

• TRUE

• FALSE

The New Deal policymakers came up with lending policies that convinced banks that consumer credit could be profitable.

• TRUE

• FALSE

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

• TRUE

• FALSE

Success in managing money is 20% knowledge and 80% behavior.

• TRUE

• FALSE