AI in Personal Finance Management

AI in Personal Finance Management

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Nancy Jackson

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the primary benefits of using AI for budgeting?

AI can predict future stock market trends.

AI provides personalized budgeting plans.

AI offers free financial advice.

AI can eliminate all debts instantly.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does AI assist in salary negotiations?

By predicting future job openings.

By providing free legal advice.

By comparing your salary with industry standards.

By offering free salary increments.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does AI recommend for optimizing tax withholdings?

Investing in cryptocurrency.

Adjusting your W4 form.

Switching jobs frequently.

Increasing your monthly expenses.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which investment strategy does AI suggest for a diversified portfolio?

Investing solely in high-risk stocks.

Investing all in real estate.

Allocating funds across stocks, bonds, and savings accounts.

Keeping all money in a checking account.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of AI in retirement planning?

It eliminates the need for savings.

It guarantees a fixed retirement income.

It provides guidance on tax-advantaged accounts.

It offers free retirement homes.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which debt repayment strategy involves paying off the highest interest debts first?

Avalanche approach

Debt consolidation

Snowball approach

Minimum payment method

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can AI help improve your credit score?

By increasing your credit limit automatically.

By providing personalized checklists for credit improvement.

By offering free credit cards.

By eliminating all your debts.

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