Personal finance 1

Personal finance 1

University

15 Qs

quiz-placeholder

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Personal finance 1

Personal finance 1

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Shie Espino

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Having a(n) __________ means the amount of your liabilities is larger than the value of your assets.

Personal Finance

Asset

Negative Net Worth

Interest

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

_________ means having the knowledge and skills to manage your personal finances.

Interest

Financial Literacy

Paycheck to Paycheck

Interest Rate

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

_________ relates to all of the different money decisions you make each day

Personal Finance

networth

Income

Liabilities

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Knowing your __________ is the starting point for a financial plan.

Financial plan

networth

income

liabilites

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Living on less than you make means not . .

Buying a car at 16 years old

Budgeting to eat out with friends

Going to college after high school

Spending all of your money

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Once you have established your financial plan, please write it down.

true

false

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Learning the language of money is not that important because you will be able to depend on financial planners to manage your money

True

False

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