Fin Lit Ch 1 Review

Fin Lit Ch 1 Review

12th Grade

•

33 Qs

quiz-placeholder

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Fin Lit Ch 1 Review

Fin Lit Ch 1 Review

Assessment

Quiz

•

Financial Education

•

12th Grade

•

Practice Problem

•

Easy

Created by

Charles Sempkowski

Used 1+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is personal financial planning important?

It helps in managing daily expenses.

It ensures financial security for the future.

It allows for better investment decisions.

All of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the cost of the next best alternative foregone when making a decision?

Bankruptcy

Liquid Asset

Opportunity Cost

Personal Finance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to the management of an individual's or family's financial activities?

Bankruptcy

Liquid Asset

Opportunity Cost

Personal Finance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a term for a financial state where an individual or organization cannot repay their debts?

Bankruptcy

Liquid Asset

Opportunity Cost

Personal Finance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a term for an asset that can be quickly converted into cash without losing value?

Bankruptcy

Liquid Asset

Opportunity Cost

Personal Finance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does personal finance encompass?

Only investment opportunities

Financial issues affecting individuals

Corporate financial strategies

Government budgeting techniques

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can good planning and self-discipline lead to, as mentioned in the text?

Instant wealth

Peace of mind and fulfillment of goals

Guaranteed financial success

Avoidance of all financial risks

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