Financial Behaviors and Values, Cognitive Bias Quiz

How do strong inner values affect money habits?

• They lead to more charitable donations to religious organizations and community clubs.

• They translate to trusting one's gut and feeling more confident in financial transactions.

• They result in more spending on luxury items.

• They cause people to avoid financial planning and instead focus on themselves.

What is the effect of social values on money habits?

• They lead to a preference for working alone all of the time.

• They influence money habits based on family and social relationships.

• They influence money habits based on a need for personal space.

• They cause people to focus on outer success.

What does the sense of belonging and relatedness with family, neighbors, and friends describe?

• Inner values

• Social values

• Physical values

• Financial values

Which of the following is an effect of strong feelings of autonomy and security on money habits?

• Increased spending on luxury items

• More confidence in financial transactions

• Avoidance of financial planning

• Increased charitable donations

What is one of the areas of influence for social values?

• Desire for freedom and independence

• Control over goals and priorities

• Charitable giving and public service work

• Need for personal space

What do physical values primarily relate to?

• The tangible aspects of life, the external world, our physical health and well-being

• How much money we have

• Our emotional well-being

• Our social relationships

Which of the following is NOT an area of influence for physical values?

• Amount of space we need to feel comfortable

• Sufficiency of money

• Health of our bodies

• Appreciation of art, fashion, architecture and design

What might strong physical values lead to if left unchecked?

• Overspending on material possessions

• Saving more money

• Investing in stocks

• Avoiding material possessions

Which of the following is an area of influence for financial values?

• Sufficiency of money

• Health of our bodies

• Desire for pleasure and comfort

• Appreciation of art

What becomes easier when you remain true to your values and goals?

• Making hard choices

• Making more money

• Improving physical health

• Building social relationships