Top Mark Questions and Correct Verified Answers
SFL 260 Final Exam Questions and
Correct Verified Answers
How much would it cost to bake a two-pound loaf of bread from scratch, if you grind
your own wheat from food storage?
✓ 69 cents
What does HALT stand for?
✓ Hungry
✓ Angry
✓ Lonely
✓ Tired
What is a loss leader?
✓ An item that a store will reduce the price on to get you (the consumer) in the
door, with the idea that once you're in the door, you'll spend more money on
other things
What are the seven suggestions for finding harmony?
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
✓ 1. Enhance energy
✓ 2. Increase quality time
✓ 3. Learn to bundle
✓ 4. Focus on the most important things
✓ 5. Work flexibly
✓ 6. Simplify your life
✓ 7. Center on the Savior
What percentage of couples who divorce are having financial problems?
✓ 89%
When should a couple start talking about finances?
✓ BEFORE getting engaged
Is it a good idea for married couples to hold all assets in common?
✓ Yes, creates total trust and transparency
What is Mad money?
✓ A set amount a husband and wife can spend without telling each other about it.
This money can be used for personal stuff. This is the only part of a budget
where both partners don't have to tell each other what they are spending their
money on.
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
What are the rules around the Hill Family Bank?
✓ -Children can invest their money in and borrow money
✓ --> invest/loan up to $100
✓ --> Investments earn 10% interest
✓ ---> loans are charged 10% interest
What are the primary purposes for SFL 260?
✓ To teach you to magnify your financial stewardship and use prudent financial
management so you can more fully bless yourself, your family, and others.
4 whys of family finance
✓ Spiritual: bring us to Christ
✓ Temporal: help us become wise stewards
✓ Individual: to accomplish your divine mission
✓ Family: return with your family back to Heavenly Father's presence
4 what's of family finance
✓ Principle 1: Ownership - God owns everything
✓ Principle 2: Stewardship - meet all needs and as many worthy wants as possible
✓ Principle 3: Agency - make wise financial choices to save and sacrifice
✓ Principle 4: Accountability - to each other and God
Top Mark !!!
SFL 260 Final Exam Questions and
Correct Verified Answers
How much would it cost to bake a two-pound loaf of bread from scratch, if you grind
your own wheat from food storage?
✓ 69 cents
What does HALT stand for?
✓ Hungry
✓ Angry
✓ Lonely
✓ Tired
What is a loss leader?
✓ An item that a store will reduce the price on to get you (the consumer) in the
door, with the idea that once you're in the door, you'll spend more money on
other things
What are the seven suggestions for finding harmony?
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
✓ 1. Enhance energy
✓ 2. Increase quality time
✓ 3. Learn to bundle
✓ 4. Focus on the most important things
✓ 5. Work flexibly
✓ 6. Simplify your life
✓ 7. Center on the Savior
What percentage of couples who divorce are having financial problems?
✓ 89%
When should a couple start talking about finances?
✓ BEFORE getting engaged
Is it a good idea for married couples to hold all assets in common?
✓ Yes, creates total trust and transparency
What is Mad money?
✓ A set amount a husband and wife can spend without telling each other about it.
This money can be used for personal stuff. This is the only part of a budget
where both partners don't have to tell each other what they are spending their
money on.
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
What are the rules around the Hill Family Bank?
✓ -Children can invest their money in and borrow money
✓ --> invest/loan up to $100
✓ --> Investments earn 10% interest
✓ ---> loans are charged 10% interest
What are the primary purposes for SFL 260?
✓ To teach you to magnify your financial stewardship and use prudent financial
management so you can more fully bless yourself, your family, and others.
4 whys of family finance
✓ Spiritual: bring us to Christ
✓ Temporal: help us become wise stewards
✓ Individual: to accomplish your divine mission
✓ Family: return with your family back to Heavenly Father's presence
4 what's of family finance
✓ Principle 1: Ownership - God owns everything
✓ Principle 2: Stewardship - meet all needs and as many worthy wants as possible
✓ Principle 3: Agency - make wise financial choices to save and sacrifice
✓ Principle 4: Accountability - to each other and God
Top Mark !!!
