Personal Finance
Study online at https://quizlet.com/_eh2ujb
1. Which of the following best explains why students should learn about
personal finance?: Learning to manage money at this stage can eliminate financial
mistakes and promote huge financial benefits for the future.
2. Key components of financial planning include all of the following except:: -
Allow your financial planner to make all of your major money decisions.
3. Which of the following statements best describe how Americans are being
outsmarted by banks and other lenders?: Credit is marketed so well that we
desire to have it while completely dismissing the fact that interest rates and fees
continue to destroy our financial well-being.
4. Personal financial success is primarily the result of:: Managing your money
behavior.
5. Which of the following statements best explains why income alone does not
determine wealth?: How much money a person makes does not dictate his or her
spending and saving behavior.
6. Which of the following is a consequence of spending more than you make?-
: Missed opportunity to save and invest, stress, a cycle of debt, ALL OF THE ABOVE
7. Which of the following is not a true statement?: The credit industry in America
has not changed much since 1917.
8. Whent it comes to managing money, success is about __% knowledge and
__% behavior.: 20, 80
9. The widespread financial insecurity of Americans is probably because: The
savings rate of Americans is low and many borrow in order to spend more than they
earn.
10. Which of the following is not a factor in becoming money smart?: Learn
how to read your credit card statements.
11. Which of the following is not a benefit of understanding your own money
personality?: Knowing your money personality allows you to excuse excessive
spending because it is simply part of your nature.
12. Why was the use of credit uncommon prior to 1917?: Laws prevented
lenders from charging high interest rates, borrowing money was generally not so-
cially acceptable, lending money to others was not profitable, ALL OF THE ABOVE
13. When it comes to personal finance, the math is easy. What's challenging
is managing your: behavior
14. Which of the following is not a reason credit is marked heavily to con-
sumers in the United States?: The use of credit is not socially accepted in the
United States.
15. During the Great Depression, New Deal policymakers came up with mort-
gage (home loans) and consumer lending policies that convinced commercial
banks that:: Consumer credit could be profitable
1/3
Study online at https://quizlet.com/_eh2ujb
1. Which of the following best explains why students should learn about
personal finance?: Learning to manage money at this stage can eliminate financial
mistakes and promote huge financial benefits for the future.
2. Key components of financial planning include all of the following except:: -
Allow your financial planner to make all of your major money decisions.
3. Which of the following statements best describe how Americans are being
outsmarted by banks and other lenders?: Credit is marketed so well that we
desire to have it while completely dismissing the fact that interest rates and fees
continue to destroy our financial well-being.
4. Personal financial success is primarily the result of:: Managing your money
behavior.
5. Which of the following statements best explains why income alone does not
determine wealth?: How much money a person makes does not dictate his or her
spending and saving behavior.
6. Which of the following is a consequence of spending more than you make?-
: Missed opportunity to save and invest, stress, a cycle of debt, ALL OF THE ABOVE
7. Which of the following is not a true statement?: The credit industry in America
has not changed much since 1917.
8. Whent it comes to managing money, success is about __% knowledge and
__% behavior.: 20, 80
9. The widespread financial insecurity of Americans is probably because: The
savings rate of Americans is low and many borrow in order to spend more than they
earn.
10. Which of the following is not a factor in becoming money smart?: Learn
how to read your credit card statements.
11. Which of the following is not a benefit of understanding your own money
personality?: Knowing your money personality allows you to excuse excessive
spending because it is simply part of your nature.
12. Why was the use of credit uncommon prior to 1917?: Laws prevented
lenders from charging high interest rates, borrowing money was generally not so-
cially acceptable, lending money to others was not profitable, ALL OF THE ABOVE
13. When it comes to personal finance, the math is easy. What's challenging
is managing your: behavior
14. Which of the following is not a reason credit is marked heavily to con-
sumers in the United States?: The use of credit is not socially accepted in the
United States.
15. During the Great Depression, New Deal policymakers came up with mort-
gage (home loans) and consumer lending policies that convinced commercial
banks that:: Consumer credit could be profitable
1/3
