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Financial Decision making

Authored by Luciana Mayberry

Professional Development

7th - 8th Grade

Used 4+ times

Financial Decision making
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A financial decision is a decision about how to manage your money

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Financial needs and financial wants both

are needed to survive

cost money

are the same

none of the above

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Your financial wants are the things you need to maintain a certain

Short-term goal

income bracket

Standard of living

Long-term goal

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is the first step to making a financial decision?

Make and implement a plan of action

Identifying the decision to be made

Considering the possibilities

Selecting the best option

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The last step in the financial decision making process is to

Evaluate the decision, process, and outcome

Consider all possible options

Never start the process

Identify the decision to be made

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following defines frugal?

An unplanned, spontaneous purchase

Not being wasteful

Awareness of one's environment

The ability to hold back one's actions

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Peer pressure is also known as

Civic consciousness

Work ethic

The bandwagon effect

Restraint

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