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IA1 Financial Literacy Study Guide

Authored by Elizabeth Silva

Other

10th - 12th Grade

Used 12+ times

IA1 Financial Literacy Study Guide
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is true about financial planning?

Only short term goals are important

Once you have a plan, you shouldn’t need to revise it

Financial plans should be reviewed on a regular basis

All of the ABOVE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is true about emotions and financial plans?

you should always be in a good mood

you should always be in a bad mood

emotions have NO impact on financial plans

do anything you can to leave your emotions out of your financial decisions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are ADVANTAGES to Shared decision making?

Multiple viewpoints

Discussing the pros and cons of the decision

Creating a less impulsive, emotional decision

ALL of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you review your financial goals?

On your birthday

Every 10 years

Multiple time a year

Every 2-5 years

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following: Privately owned businesses, Profits and Market economies are characteristics of:

Capitalism

Socialism

Social Politics

Communism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Laissez-faire economy has this trait

very few government rules

many government rules

an organized, protected economy

a combination of rules and freedom

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic resources are:

Abundant

Controlled by society

Controlled by the government

Limited

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