FIN 111 Module Two Exam Questions With Complete
Answers 100% Solved
The objective of this course is to provide you with the information and tools to help you
successfully manage your personal finances
True or False - ANSWER True
Most people want to handle their finances so that they get as much satisfaction as possible
from each available dollar
True or False - ANSWER True
When setting financial goals you should set goals that are significantly out of your reach so
you will try harder to achieve them - ANSWER False
The principle behind the time value of money is that a dollar today is worth more than the
promise of a dollar in the future
True or False - ANSWER True
Part of planning career choices requires an evaluation of trade-offs related to personal, social
and economic factors
True or False - ANSWER True
, Research shows that the level of education completed does not have a significant impact on a
persons estimated lifetime earnings
True or False - ANSWER False
Campus projects, internships and part-time jobs are ways to get experience while still in
school
True or False - ANSWER True
The balance sheet equation is Assets - Liabilities = Net Worth
True or False - ANSWER True
Your monthly income would be listed as an asset on your personal balance sheet
True or False - ANSWER False
Your monthly rent is an example of a liability and would be listed on your personal balance
sheet
True or False - ANSWER False
Which of the following is not an advantage of personal financial planning?
A. Increased effectiveness in obtaining, using, and protecting your financial resources
B. Increased control of your financial affairs
C. Improved personal relationships from planned and communicated financial decisions
Answers 100% Solved
The objective of this course is to provide you with the information and tools to help you
successfully manage your personal finances
True or False - ANSWER True
Most people want to handle their finances so that they get as much satisfaction as possible
from each available dollar
True or False - ANSWER True
When setting financial goals you should set goals that are significantly out of your reach so
you will try harder to achieve them - ANSWER False
The principle behind the time value of money is that a dollar today is worth more than the
promise of a dollar in the future
True or False - ANSWER True
Part of planning career choices requires an evaluation of trade-offs related to personal, social
and economic factors
True or False - ANSWER True
, Research shows that the level of education completed does not have a significant impact on a
persons estimated lifetime earnings
True or False - ANSWER False
Campus projects, internships and part-time jobs are ways to get experience while still in
school
True or False - ANSWER True
The balance sheet equation is Assets - Liabilities = Net Worth
True or False - ANSWER True
Your monthly income would be listed as an asset on your personal balance sheet
True or False - ANSWER False
Your monthly rent is an example of a liability and would be listed on your personal balance
sheet
True or False - ANSWER False
Which of the following is not an advantage of personal financial planning?
A. Increased effectiveness in obtaining, using, and protecting your financial resources
B. Increased control of your financial affairs
C. Improved personal relationships from planned and communicated financial decisions
