Free Printable Personal Finance Chapter 1

Worksheets

Personal Finance Chapter 1

Total questions: 13

Worksheet time: 7mins

Name

Class

Date

Learning the language of money is not that important because you will be able to depend on financial planners to manage your money

True

False

Which of the following is NOT a reason credit is marketed so heavily to consumers in the United States?

There is strong demand for big ticket items.

Credit industry has become extremely profitable.

The use of credit is not socially acceptable in the US

After WWI, credit laws were relaxed in an attempt to create a mainstream alternative to loan sharks for the working class.

When it comes to managing money, success is about ___% head knowledge and ___% behavior.

50, 50

80, 20

60, 40

20, 80

Americans typically maintain a very high savings rate.

True

False

Which of the following statements best describes how Americans are being outsmarted by banks and other lenders?

Credit is marketed so well that we desire to have it while completely dismissing the fact that interest rates and fees continue to destroy our financial well-being.

We are taught that we can buy happiness.

Buying things on credit has become acceptable in our culture.

We are driven by consumerism.

When it comes to personal finance, the math is easy. Whatʹs challenging is managing your ________.

Income

Friends

Bank Account

Behavior

Which of the following is not a benefit of understanding your own money personality?

Recognizing who you are allows you the opportunity to grow and learn.

Once you know your money personality, you can develop a financial plan that works for you.

Knowing your money personality allows you to excuse excessive spending because it is simply part of your nature.

Person/organization that uses a product/service

Consumer

Loan

Credit

Financial Literacy

Knowledge to be an informed consumer and manage finances effectively

Financial Literacy

Personal Finance

10.

Granting of a loan; any form of deferred payment

Loan

Credit

Debt

Finances

11.

Debt evidenced by a note; specifies the specific amount, interest rate, and date

Debt

Credit

Loan

Finances

12.

Obligation of repayment owed by one party to another party.

Finances

Credit

Loan

Debt

13.

Fee paid by a borrower to the lender for the use of borrowed money.

Debt

Loan

Interest

Fee

100 %

Personal Finance Chapter 1

Total questions: 13

Worksheet time: 7mins

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