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Financial Literacy Test 1 Exam Questions with Correct Answers
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  • Course
  • Financial Literacy
  • Institution
  • Financial Literacy

Personal Finance - Answer-refers to all the financial decisions an individual or family must make in order to earn, budget, save and spend money. 6 Key Components of Financial Planning - Answer-1. Asses your FINANCIAL situation 2. Set money GOALS 3. Write a detailed PLAN 4. EXECUTE your plan ...

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  • October 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • financial literacy test 1 exam questions with corr
  • personal finance answer refers to all the financ

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  • Financial Literacy
  • Financial Literacy

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lectknancy

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Financial Literacy Test 1 Exam
Questions with Correct Answers
Personal Finance - Answer-refers to all the financial decisions an individual or family
must make in order to earn, budget, save and spend money.

6 Key Components of Financial Planning - Answer-1. Asses your FINANCIAL situation
2. Set money GOALS
3. Write a detailed PLAN
4. EXECUTE your plan
5. Know your money PERSONALITY
6. Regularly MONITOR your financial plan
7. Replace your money MYTHS with money truths

When you manage money well, you will experience deeper..... - Answer-satisfaction

Personal Finance is 80%____________ and 20%___________ - Answer-Behavior;
Head Knowledge

Money_______ is easy--it's controlling your behavior that's the real challenge. - Answer-
math

what is the "normal" American family? - Answer-broke

What are the four main categories that teens around the country think of money? -
Answer-Frustration, Role Models, Pragmatic, Money isn't everything.

We like _________ - Answer-Stuff

We are told that debt is - Answer-Normal

We are taught that we can buy _____________. - Answer-Happiness

Our debt system keeps us from building______________. - Answer-Wealth

We need to be_________ of the financial condition of our country-----We need
to__________ it. - Answer-Aware; Question

Knowing the__________ of money allows you to tell your money what to do. - Answer-
Language

We need to decide where our money is going to go_________ we get our paycheck -
Answer-before

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