WorksheetsFinancial Decision Making Quiz
Total questions: 10
Worksheet time: 5mins
This is when people make a bad financial decision based on personal beliefs or prejudice.
Confirmation Bias
Cognitive Bias
Restraint Bias
Hindsight Bias
It is typically easy for people to see their own biases.
True
False
All of the following are examples of FOMO (Fear of Missing Out) EXCEPT:
Checking Social Media constantly to make sure you are up to date on everything
"Limited Time Offer"
Increasing temptations around you, because you feel strong enough to resist it.
Agreeing to plans you’d rather decline, simply to be accepted
Which of the following is a sign of Cognitive Bias?
Blaming other people’s success on luck
Blaming others if things don’t go your way
Seeking out only people and news that agree with your viewpoint
All of the Above
What percentage of people make decisions based on FOMO?
60%
35%
50%
40%
What is the average cost of a 4-year, PUBLIC university?
$20,000/yr
$10,000/yr
$37,000/yr
$15,000/yr
What is the average cost of a 4-year, PRIVATE university?
$37,000/yr
$45,000/yr
$25,000/yr
$50,000/yr
All of the following are true about Trade Schools EXCEPT:
They're typically "hands-on"
They provide training for a wide-range of careers in multiple industries
They're usually cheaper than a 4-year university
They can usually be completed in 8-24 months.
The demand for trade jobs has increased significantly, due to shortages of workers.
True
False
Most trade schools have a rigorous schedule, sometimes going Mon-Fri, 6-8 hrs/day.
True
False
