Financial Literacy | Topic 1, Lesson 1 Quiz

Which of the following was NOT a learning target for this lesson?

• • Describe what personal finance is.

• • Analyze personal finance as it relates to the normal American family. 

• Identify reasons why people don't do well with personal finance

Which definition best defines Personal Finance?

• • all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time. 

• All your personal finances

• Learning how to handle money

• The process of earning a profit by selling products.

A person or organization that uses a product or service, is a?

• Consumer

• Producer

• Personal Finance User

• Human

money owed to another person or company, is?

• Debt

• Credit

• Debit

• loan

an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings, is?

• Living Paycheck to Paycheck

• Being Broke

• Regular US American

• Budgeting

Personal Finance is

• 80% Behavior, 20% Knowledge

• 20% Behavior, 80% Knowledge

• 100% Behavior

• 100% Knowledge

Personal Finance: all the financial decisions an individual or family must make in order to_____?

Please select ALL the correct responses.

• Earn

• Budget

• Save

• Spend

• Gamble