Question 1

The 'borrowing' activity in a financial plan relates to

Accepted Answer

A)  Acquiring adequate insurance coverage 
B)  Investing for long-term growth 
C)  Setting up a budget 
D)  Obtaining financial resources from employment, investments or ownership 
E)  Maintaining control of credit-buying habits 
A)  Acquiring adequate insurance coverage 
B)  Investing for long-term growth 
C)  Setting up a budget 
D)  Obtaining financial resources from employment, investments or ownership 
E)  Maintaining control of credit-buying habits

Question 2

Tim Calibe received a $500 gift from his grandparents.He wants to invest this money for the down payment of a house that he plans to purchase in 3 years.What type of computation should he use?

Accepted Answer

A)  Present value of a single amount 
B)  Future value of a single amount 
C)  Simple interest 
D)  Present value of an annuity 
E)  Future value of an annuity 
A)  Present value of a single amount 
B)  Future value of a single amount 
C)  Simple interest 
D)  Present value of an annuity 
E)  Future value of an annuity

Question 3

Borrowing by consumers and businesses usually results in lower interest rates.

Accepted Answer

A) True 
 B)False

Question 4

Opportunity costs refer to time,money,and other resources that are given up when a choice is made.

Accepted Answer

A) True 
 B)False

Question 5

A financial plan is another name for a budget.

Accepted Answer

A) True 
 B)False

Question 6

A financial plan is an informal report that analyzes past financial decisions.

Accepted Answer

A) True 
 B)False

Question 7

Developing a budget is part of the "spending" component of financial planning activities.

Accepted Answer

A) True 
 B)False

Question 8

Changes in income,values,and family situation make it necessary to

Accepted Answer

A)  Evaluate and revise your actions. 
B)  Implement the financial plan. 
C)  Develop financial goals. 
D)  Analyze your current personal and financial situation. 
E)  Create a financial plan of action. 
A)  Evaluate and revise your actions. 
B)  Implement the financial plan. 
C)  Develop financial goals. 
D)  Analyze your current personal and financial situation. 
E)  Create a financial plan of action.

Question 9

The consumer price index reflects:

Accepted Answer

A)  The prices of products and services in the United States 
B)  The prices of products and services around the world 
C)  The average change in prices of products and services of urban consumers 
D)  The change in prices of products and services around the world 
E)  None of the above 
A)  The prices of products and services in the United States 
B)  The prices of products and services around the world 
C)  The average change in prices of products and services of urban consumers 
D)  The change in prices of products and services around the world 
E)  None of the above

Question 10

Inflation reduces the buying power of money.

Accepted Answer

A) True 
 B)False

The 'borrowing' activity in a financial plan relates to

Tim Calibe received a $500 gift from his grandparents.He wants to invest this money for the down payment of a house that he plans to purchase in 3 years.What type of computation should he use?

Borrowing by consumers and businesses usually results in lower interest rates.

Opportunity costs refer to time,money,and other resources that are given up when a choice is made.

A financial plan is another name for a budget.

A financial plan is an informal report that analyzes past financial decisions.

Developing a budget is part of the "spending" component of financial planning activities.

Changes in income,values,and family situation make it necessary to

The consumer price index reflects:

Inflation reduces the buying power of money.

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Account

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

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Exam 1: Personal Financial Planning in Action

The 'borrowing' activity in a financial plan relates to

Tim Calibe received a $500 gift from his grandparents.He wants to invest this money for the down payment of a house that he plans to purchase in 3 years.What type of computation should he use?

Borrowing by consumers and businesses usually results in lower interest rates.

Opportunity costs refer to time,money,and other resources that are given up when a choice is made.

A financial plan is another name for a budget.

A financial plan is an informal report that analyzes past financial decisions.

Developing a budget is part of the "spending" component of financial planning activities.

Changes in income,values,and family situation make it necessary to

The consumer price index reflects:

Inflation reduces the buying power of money.

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Account

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Filters