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WorksheetsFoundations in Personal Finance Chapter 1 - Money In Review
Total questions: 15
Worksheet time: 4hrs 45mins
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 a strong consumer demand for big ticket items.
The credit industry has become extremely profitable.
The use of credit is not socially accepted in the United States.
After World War I, credit laws in the United States 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
20, 80
90, 10
40, 60
Describe some of the mistakes Americans often make when it comes to money.
Explain why understanding your money personality is important when it comes to developing a money plan that is right for you.
Does managing your money well mean that you can't have fun with your money? Explain your answer.
What is your greatest "takeaway" from Chapter 1 of Foundations in Personal Finance? What is the most important lesson you have learned about personal finance so far?
