Financial Management Midterm Quiz #1
Authored by Carnit Cordova
Business
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Financial management is only important for businesses, not individuals
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The time value of money means P10 today is worth more than P10 in the future
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Saving money in a bank account is a high-risk, high-return investment
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A budget helps prioritize needs over wants
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Investing in government bonds is an example of a high-risk investment
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cryptocurrency is a low-risk investment with guaranteed returns
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The 40-30-20-10 rule allocates 30% of income to wants
True
False
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