Personal Financial Planning

Personal Financial Planning

University

14 Qs

quiz-placeholder

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Personal Financial Planning

Personal Financial Planning

Assessment

Quiz

Professional Development

University

Practice Problem

Hard

Created by

Teena Joseph

Used 126+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability to easily convert financial assets into cash

Solvency

Liquidity

Accessibility

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial Success is primarily the result of setting long term goals and developing a plan to achieve them

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in building a financial portfolio for yoourself

Estimate your income and expenses

Determine your current financial situation

Decide what you want your job to be in the future

create a financial excel sheet

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The process of managing your money to achieve personal economic satisfaction. arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities

Balance Sheet

Cash Flow Statement

Budget

Financial plan

6.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

A rise in the general level of prices

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Types of financial goals

short-term goals: within next year

Intermediate goals: two to seven years

Long-term goals: more than seven years

None of the above

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