CH 10 quiz Money Talks

When married couples do not share goals and values in how they manage money, which of the following can occur?(select all that apply

• Divorce

• Stress

• Conflict

• Resentment

If you value security, you are more likely to:

• Save money

• Spend money

• Make Impulse buys

• All of the above

2) When it comes to communicating with others about money, you should?(select all)

• Be honest

• Listen

• Pick the right time and place

• A) Manipulate

he quality or state of being responsible, liable or answerable

• accountability

• Personality

• honesty

• Self-Awareness

A person's priorities, beliefs and standards that affect how he or she views the world

• Value System

• Mind Control

• Personality

• Type

Which of the following statements regarding marriage and money is true?(select all)

• When you agree on your spending, that means that you also agree on your value system.

• In a marriage, you are financially accountable to one another.

• Managing finances in a marriage takes teamwork.

• Open money talks help avoid fights later

15) You should communicate your money goals with your parents and others close to you because: (select all)

• They can provide encouragement along the way

• They can write your monthly budget

• Your goals are your goals. There is no need to share them

• They can provide accountability along the way

Which of the following are rules for the ʺbudget committee meetingʺ?

• The decision making must be done by both people.

• The Free-spirit should be the one to prepare the budget.

• The meeting should go on for however long it takes in order to come up with a complex and detailed budget.

• You should write a budget before the month begins.

Since men and women are different, who is supposed to do the financial decision making in a marriage?

• Both Spouses

• They should each manage their own money

• The "pants wearing" spouse

• Both spouses

The number-one cause of divorce in America is: (select all)

• Money fights

• Money fights

• Money fights

• Money fights