Chapter 1 Quiz Question and answers rated A+ 2024/2025
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Course
ACCT
Institution
ACCT
Chapter 1 Quiz Question and answers rated A+ 2024/2025 Chapter 1 Quiz
The way you view the financial world is shaped most profoundly by: - correct answer Your financial knowledge, feelings about risk taking, and feelings of control over your situation.
Nigel believes that most "rich people...
Chapter 1 Quiz
The way you view the financial world is shaped most profoundly by: - correct
answer ✔Your financial knowledge, feelings about risk taking, and feelings of
control over your situation.
Nigel believes that most "rich people" obtained their wealth either through
hard work or by investing wisely. Assuming Nigel adopts this same
perspective as a guide to his own spending and saving behavior, he is most
likely to become: - correct answer ✔More knowledgeable about the financial
marketplace over time.
Which of the following strategies is most likely to increase your confidence
about your financial future?
I. Saving money on a regular basis.
II. Paying down debt as quickly as possible.
III. Borrowing money to improve GDP. - correct answer ✔I and II only.
Which of the following is most clearly a personal financial strength? - correct
answer ✔A willingness to save money on a regular basis.
Now that Graham has graduated college he is facing several changes in his
life. He was recently married and started a new job in a large city. Which of
the following events is going to have the highest cost over Graham's life? -
correct answer ✔Having and raising a child.
Which of the following statements about a person's health and wealth is false?
- correct answer ✔Healthy people spend more money on food and exercise,
which reduces their lifetime wealth accumulation.
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