WorksheetsPersonal Finance 2
Total questions: 10
Worksheet time: 5mins
Increase in amount of money as a result of interest earned is also the amount that will be available at a later date:
Current value of money
Future value of money
Present value of money
Time value of money
Creating and implementing a plan for spending and saving is known as
Credit
Balancing
Budgeting
Savings
A financial statement tat reports what an individual or family owns and owes as of a specific date is known as a:
Transmittal sheet
Balance sheet also called a net worth statement
Goods and services
Liquid assets forms
Assets - Liabilities =
Net worth
Your valuables
Dependence
Insolvency
Day-to-day financial activities necessary to manage current personal economic resources, while working toward long-term financial security is called?
Money management
Savings
Budgeting
Financial planning
A personal income and expenditure statement that summarizes your cash receipts and payments for a given period is known as a:
Cash flow statement
Financial plan
Budget statement
Balance Sheet
Net worth statement and statement of financial position are both better know as a :
Budget statement
Reconciliation sheet
Financial settlement
Balance sheet also called a net worth statement
Your Successful Budget can be retained and recalled by any of the following methods except:
Written of computerized budget
Physical budget
Televised budget
Mental budget
Characteristics of a successful Budget take into consideration all but does not include:
Well planned
Clearly communicated
Memorized
Realistic and flexible
Personal financial planning involves all except:
Create, implement, review and revising a financial action plan
Determine financial situation and develop financial goals
Identify alternative courses of action and evaluate alternatives
Measuring the improvements of growth in Sweatbriar LLC
