FCS 340 | Questions with 100% Verified Answers | Latest
Update 2026/2027
Question: Which of the following is not identified as a purpose of the book?
Answer: Teach you to accumulate wealth.
Question: The authors suggested four answers to the question, "Why should I learn about
family finance?" Which is not one of the four reasons?
Answer: Community - becoming a stronger citizen or member of your community
Question: The second important question the authors suggested you ponder was, "What are
the profound principles upon which the stewardship perspective is based?" Which is
not one of the four stewardship principles?
Answer: Discipleship
Question: Which of the four stewardship principles, if followed wisely, is our gift back to God?
Answer: Accountability
Question: The text suggests creating a budget that includes at least a allocation to long-term
savings.
Answer: 10%
Question: What does the author believe is the biggest financial mistake made by recent
graduates?
Answer: Buying a house beyond their means
Question: Most financial planners recommend worth of living expenses set aside in a savings
or checking account as an emergency fund.
Answer: three to six months
Question: In the reading, the story of Elder Robert D. Hales and his new bride was shared. He
was in the air force and they'd missed Christmas together. What did he want to buy
his wife?
Answer: A dress
Question: What budget category do the authors suggest commonly gets overlooked?
Answer: Miscellaneous
Question: The authors recommend the investing mantra "get rich slowly." They recommend
avoiding which of the following strategies?
Answer: Speculation
Update 2026/2027
Question: Which of the following is not identified as a purpose of the book?
Answer: Teach you to accumulate wealth.
Question: The authors suggested four answers to the question, "Why should I learn about
family finance?" Which is not one of the four reasons?
Answer: Community - becoming a stronger citizen or member of your community
Question: The second important question the authors suggested you ponder was, "What are
the profound principles upon which the stewardship perspective is based?" Which is
not one of the four stewardship principles?
Answer: Discipleship
Question: Which of the four stewardship principles, if followed wisely, is our gift back to God?
Answer: Accountability
Question: The text suggests creating a budget that includes at least a allocation to long-term
savings.
Answer: 10%
Question: What does the author believe is the biggest financial mistake made by recent
graduates?
Answer: Buying a house beyond their means
Question: Most financial planners recommend worth of living expenses set aside in a savings
or checking account as an emergency fund.
Answer: three to six months
Question: In the reading, the story of Elder Robert D. Hales and his new bride was shared. He
was in the air force and they'd missed Christmas together. What did he want to buy
his wife?
Answer: A dress
Question: What budget category do the authors suggest commonly gets overlooked?
Answer: Miscellaneous
Question: The authors recommend the investing mantra "get rich slowly." They recommend
avoiding which of the following strategies?
Answer: Speculation
