100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for Personal Financial Planning, 16th Edition by Randy Billingsley, Lawrence Gitman, Michael Joehnk| 978-0357987872| All Chapters 1-15| LATEST £12.18   Add to cart
Quickly navigate to
Preview
  2.  
  3. Personal Financial Planning, 16e
  4.  
  5. Personal Financial Planning, 16e

Exam (elaborations)

Test Bank for Personal Financial Planning, 16th Edition by Randy Billingsley, Lawrence Gitman, Michael Joehnk| 978-0357987872| All Chapters 1-15| LATEST

 10 views  0 purchase
  • Module
  • Personal Financial Planning, 16e
  • Institution
  • Personal Financial Planning, 16e
  • Book
  • Personal Financial Planning

Test Bank for Personal Financial Planning, 16th Edition by Randy Billingsley, Lawrence Gitman, Michael Joehnk| 978-0357987872| All Chapters 1-15| LATEST

Preview 4 out of 511  pages

Document information

  • October 31, 2024
  • 511
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 16th edition
  • 978 0357987872
  • all chapters 1 15 latest
  • test bank
  • test bank for personal financial planning
  • personal financial planning
  • by randy billingsley lawrence gitman michael joe

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • Solution Manual for Personal Financial Planning 16th Edition by Billingsley & Gitman, All Chapters 1 - 15 Complete, Latest Edition, ISBN13: 9780357987872
  • Billingsley/Gitman, Personal Financial Planning, 16th Edition Solution Manual, Verified Chapters 1 - 15, Complete Newest Version
  • Billingsley/Gitman/Joehnk, Personal Financial Planning, 16th Edition SOLUTION MANUAL, Verified Chapters 1 - 15, Complete Newest Version
All for this textbook (7)

Written for

  • Personal Financial Planning, 16e
  • Personal Financial Planning, 16e

Seller

avatar-seller
TestBanksGuru

Reviews received

Content preview

Test Bank
Personal Financial Planning 16th Edition

,
,Chapter 1—Understanding The Financial Planning Process

True/False

1. Standard Of Living Is Defined As The Necessities, Comforts, And Luxuries Desired By An Individual Or
Group.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Knowledge

2. Your Average Propensity To Consume Is The Percentage Of Each Dollar Of Income, On The
Average, That Is Spent For Current Needs Rather Than Savings.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Knowledge

3. A Good Financial Plan Completed When One Is In Their 30s Will Typically Last A Lifetime.

Answer: F Pts: 1 Dif: Challenging Obj: Lo: 1-2
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Synthesis

4. Financial Planning Is A Continuing, Life-Long Process.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-2
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Comprehension

5. Financial Planning Can Improve Your Standard Of Living.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Comprehension

6. Current Consumption Is Inversely Related To Saving For The Future.

Answer: T Pts: 1 Dif: Challenging Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Analysis

7. About 20% Of Americans Say Retirement Planning Is Their Most Pressing Financial Concern.

, Answer: F Pts: 1 Dif: Moderate Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Knowledge

8. The Most Effective Way To Achieve Financial Objectives Is Through Financial Planning.

Answer: T Pts: 1 Dif: Moderate Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Comprehension

9. Defining Financial Goals Is An Important First Step In Personal Financial Planning Process.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-2
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Comprehension

10. Two Persons With Equal Average Propensities To Consume Will Not Necessarily Have Equal
Standards Of Living Because Of Differences In Income.

Answer: T Pts: 1 Dif: Challenging Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Evaluation

11. The Need For Financial Planning Declines As Your Income Increases.

Answer: F Pts: 1 Dif: Moderate Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Synthesis

12. Current Consumption Effects Future Consumption.

Answer: T Pts: 1 Dif: Challenging Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Analysis

13. A Person Who Has $2,000 Monthly Income And Spends $1,800 Monthly Has An Average
Propensity To Consume Of 90%.

Answer: T Pts: 1 Dif: Challenging Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Evaluation

14. A Person Making $35,000 And Spending $30,800 Has An Average Propensity To Consume Of 80%.

Answer: F Pts: 1 Dif: Challenging Obj: Lo: 1-1
Nat: Busprog: Reflective Thinking Sta: Disc: Financial Markets And Interest Rates
Key: Bloom's: Evaluation

15. Most Families Find It Difficult To Discuss Money Matters.

Answer: T Pts: 1 Dif: Easy Obj: Lo: 1-2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestBanksGuru. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £12.18. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

South University:NSG 5000 Role of the Advanced Practice Nursing Week 1, Assignment Project 1,100% CORRECT

Exam (elaborations) ·

(0)

PVL 2602 Assignment 1 semester 1 2021 (860040)

£12.18
  • (0)
  Add to cart