Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
answer
A person can be more prepared to meet basic needs.
A person can spend money thoughtfully to accumulate assets.
A person can spend wisely to avoid financial problems.
question
When studying finance or economic, the cost of a decision is also known as a(n)
answer
opportunity cost.
question
How do short-term goals differ from long-term goals?
answer
Short-term goals are more immediate than long-term goals.
question
Did Dan stay on budget? Why or why not?
answer
No, Dan should reduce his discretionary spending.
question
Amanda wants to buy a new car. What questions should she ask before she makes the purchase? Check all that apply.
answer
Do I need this car or should I use my old car a little longer?
Is this a reliable vehicle?
Will buying this car prevent me from saving money to buy a house?
question
Personal finance skills have the most significant impact on an individual's
answer
quality of life
question
A _______ is a plan in which an individual balances available resources and expenses.
answer
budget
question
In American society, which of these is an example of a want?
answer
video games
question
How do long-term goals differ from short-term goals?
answer
Long-term goals require more patience than short-term goals do.
question
Which best describes what financial planning skills ultimately enable an individual to do?
answer
to prepare for the future
question
What is included in an individual's personal finances? Check all that apply.
answer
money
property
investment
question
Planning to finance higher education helps people prepare for their financial future because it teaches them about
answer
funds management and loans.
question
Which would be most helpful when considering a large expenditure that might require repeating payments? Check all that apply.
answer
creating a budget to consider future income and spending
learning about opportunity cost
Haven't found what you need?
Search for quizzes and test answers now
Quizzes.studymoose.com uses cookies. By continuing you agree to our cookie policy
