Financial Applications Final Review

What does monetary mean?

• Relating to money

• A type of college scholarship

• When you can’t pay a loan

• A long word people use to make themselves sound smart

What is personal finance?

• Relating to money

• Having to pay for college

• Personal money management

• Personal feelings

What does ‘SMART’ in SMART Goals represent?

• Savable, Methodical, Arrangeable, Realistic, Timely

• Sortable, Manageable, Amusing, Rhetorical, Thinkable

• Specific, Measurable, Achievable, Realistic, Timely

• Short, Meaningful, Attribution, Relatable, Timid

Which of these can help you pay for college?

• Social Security

• Scholarship

• Insurance

• Retirement

How long is a short-term goal?

• Within the next few years

• Within 10 years

• Within 20 years

• Eternity

Which of these is a long-term goal?

• Saving for retirement

• Buying groceries

• Completing today's homework

• Making a phone call

Which of these are important to save for?

• College

• Retirement

• Personal goals

• All of the above

Write T (True) or F (False) on the blank in front of each statement. High school is a post-secondary option.

• True

• False

Write T (True) or F (False) on the blank in front of each statement. Taxes are part of personal finance.

• True

• False

Write T (True) or F (False) on the blank in front of each statement. Making smart financial decisions is important.

• True

• False