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Personal Financial Services Advice (PFSA) Questions with Answers (100% Correct Answers

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Personal Financial Services Advice (PFSA) Questions with Answers (100% Correct AnswersPersonal Financial Services Advice (PFSA) Questions with Answers (100% Correct Answers

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Personal Financial Services Advice (PFSA)
Questions with Answers (100% Correct
Answers)
PFSA Answer: Personal Financial Services Advice

What is being studied? Answer: Personal Finance

What are the three main variables that influence the decisions individuals
make? Answer: Beliefs, Values, Attitudes

What are beliefs? Answer: Ideas that an individual believes (thinks) are true.
Beliefs are formed by thinking and reflecting on ideas.

What are values? Answer: Refers to one's code for how they live or what they
consider important. Values are often passed down from family members and
individual's cultural background.

What are examples of values? Answer: Honesty, Integrity, Balancing family life
with career, Being hardworking.

Values stem from? Answer: Beliefs

What are attitudes? Answer: Strongly held ideas that cause us to behave in a
certain way

Attitude stems from? Answer: Beliefs and Values. When our beliefs or values
change, our attitudes are likely to change as well.

Clients have 5 attitudes about money. What are they? Answer: Viewed as
security; symbol of love; power; freedom; symbol of personal values.

Attitude of money as security means Answer: Makes clients feel safe. They'll
likely want low-risk investments

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