Money in your life, fool proof
module 1 & making financial
decisions with complete
verified solutions
Which of the following statements about our interactions with money is
NOT considered to be true?
a. Investment increases risk and reduces your ability to cope with risk and
uncertainty.
b. You are responsible for your present self and your future self.
c. Your present self-impacts your future self.
d. You are better off in a community than by yourself. - answer
Investment increases risk and reduces your ability to cope with risk and
uncertainty.
Managing money in ways that build a sense of competence,
understanding, and control. - answer financial well-being
What answer best describes a Nigerian scam?
A. You host a Nigerian exchange student for a semester.
B. The scammers always contact you by telephone
C. The scammers want you to fly to Nigeria
D. The scammers nearly always want you to send money back to them. -
answer The scammers nearly always want you to send money back to
them.
Carter wants to participate in an activity that will improve his well‐being.
Which of the following activities would contribute the least to his well‐
being?
, a. An activity his friends like to participate in.
b. An activity that doesn't cost much money.
c. An activity that his teacher suggested to him.
d. An activity that makes him lose track of time. - answer An activity that
makes him lose track of time.
Jenna wants to improve her financial well‐being. Which of the following
would contribute the most to her financial well‐being?
a. Take a personal finance class to learn how to manage her money.
b. Pay her grandma back the money she borrowed to take a school trip
last year.
c. Talk to her friends about how to manage her money better.
d. Open another checking account to help her organize her money. -
answer a. Take a personal finance class to learn how to manage her
money.
Examples of activities that benefit this type of well-being include: feeling
a sense of worth and purpose, developing strategies to create a healthy
outlook on life. - answer emotional well-being
Jacob is wondering how he can improve his intellectual well‐being. Which
of the following would contribute the most to his intellectual well‐being?
a. Challenge himself by taking on a new project at work.
b. Take a vacation from work.
c. Join a local service organization.
d. Go to the gym three times per week. - answer Challenge himself by
taking on a new project at work.
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