SFL 260 Final (Comprehensive) UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
SFL 260
Institution
SFL 260
SFL 260 Final (Comprehensive) UPDATED
ACTUAL Exam Questions and CORRECT
Answers
$0.67 - CORRECT ANSWER- How much would it cost to bake a two-pound loaf of
bread from scratch if you grind your own wheat from food storage?
Hungry, angry, lonely, tired - CORRECT ANSWER- What does H.A.L.T stand...
SFL 260 Final (Comprehensive) UPDATED
ACTUAL Exam Questions and CORRECT
Answers
$0.67 - CORRECT ANSWER- ✔✔How much would it cost to bake a two-pound loaf of
bread from scratch if you grind your own wheat from food storage?
Hungry, angry, lonely, tired - CORRECT ANSWER- ✔✔What does H.A.L.T stand for?
An item that the store sells at below-cost in order to get you inside the store. - CORRECT
ANSWER- ✔✔What is a loss leader?
1. Enhance energy
2. Increase quality time
3. Learn to bundle
4. Focus on the most important things
5. Work flexibly
6. Simplify your life
7. Center on the Savior - CORRECT ANSWER- ✔✔What are the seven suggestions for
finding harmony?
89% - CORRECT ANSWER- ✔✔What percentage of couples who divorce have financial
issues?
Before you officially get engaged. - CORRECT ANSWER- ✔✔When should a couple start
talking about finances?
Yes, exception: prenuptial agreements for marriages with blended families. - CORRECT
ANSWER- ✔✔Is it a good idea for married couples to hold all assets in common?
A monthly amount of money that each spouse has total, individual control over (no
accountability to the other spouse). - CORRECT ANSWER- ✔✔What is "MAD" money?
, 1. 10% interest earned on money invested (up to $100)
2. 10% interest paid on money borrowed (up to $100) - CORRECT ANSWER- ✔✔What are
the rules of the Hill Family Bank?
Spiritual, temporal, individual, family - CORRECT ANSWER- ✔✔What are the primary
purposes of SFL 260?
Ownership, stewardship, agency, accountability - CORRECT ANSWER- ✔✔What are the 4
whats of family finance?
1. Life is hard, but you can do hard things
2. When life doesn't go as planned, don't get frustrated; make the best of it.
3. TTT: Things take time - CORRECT ANSWER- ✔✔3 Things Dr. Hill wants you to
remember
personalfinance.byu.edu - CORRECT ANSWER- ✔✔Personal finance website developed by
the Marriott School
I=PRT - CORRECT ANSWER- ✔✔Interest earned/paid formula
Record of family's cash inflows and outflows over a specified period of time. - CORRECT
ANSWER- ✔✔Income and expense statement
Assets - Liabilities = Net Worth - CORRECT ANSWER- ✔✔Net worth formula
Miscellaneous - CORRECT ANSWER- ✔✔Category often overlooked on a budget
$30.47 - CORRECT ANSWER- ✔✔Amount that the average bounced check costs you
$250,000 per depositor, $500,000 for joint depositors - CORRECT ANSWER- ✔✔Amount
that the FDIC insures deposits in member banks
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