Personal Finance

The first step of financial planning is to determine your current financial status.

• True

• False

A new car is an example of a need.

• True

• False

The time value of money is the amount your original deposit will be worth in the future, based on earning a specified interest rate over a set period of time.

• True

• False

You can buy and touch intangible items.

• True

• False

A series of equal, regular deposits is called an annuity.

• True

• False

Standard of living is based on the amount of goods and services a person can buy.

• True

• False

An employer has the right to not hire a woman because she is pregnant.

• True

• False

The amount of education you have may affect your starting salary.

• True

• False

A mentor is someone new to the job.

• True

• False

A good place to learn about a career in a specific field is a professional organization.

• True

• False