FINP 235 exam 1 Answered Questions
(Latest 2026)
Money can be more stressful than - Correct Answers
✅Work, Health problems affecting family, Relationships and
Personal safety
Common symptoms of stress - Correct Answers ✅Anxiety,
Fatigue, Stomach pains, Insomnia and Shingles
What percentage are Americans financially literate - Correct
Answers ✅57%
What is the path to financial well being - Correct Answers
✅Financial skills, financial behavior, financial situation
What are financial skills - Correct Answers ✅How you find,
process, and use relevant financial info
What is financial behavior - Correct Answers ✅Day to day
actions you take to secure your financial life
What is financial situation - Correct Answers ✅The
objective facts of financial life
What is financial well being - Correct Answers ✅Ability to
meet current and on going financial obligations, feel secure in
future, and be able to make choices that allow enjoyment
,FINP 235 exam 1 Answered Questions
(Latest 2026)
What are the 4 elements of well being - Correct Answers
✅Present security- control over day to day, month to month
finances. Future security- capacity to absorb a financial
shock. Present freedom of choice- financial freedom to make
choices to enjoy life. Future freedom of choice- on track to
meet your financial goals
What is the financial planning process - Correct Answers
✅(1) asses your wealth, (2) set financial goals (3) budget
income and expenses
What is wealth - Correct Answers ✅Wealth= assets-
liabilities
Which assets are tangible - Correct Answers ✅Car and
house
Which assets are intangible - Correct Answers ✅Bank
accounts and 401k
What is a balance sheet - Correct Answers ✅Snapshot,
comparing your assets and liabilities
, FINP 235 exam 1 Answered Questions
(Latest 2026)
How to set financial goals - Correct Answers ✅(1) write
down (2) rank (3) Identify top 5 (4)costs and deadline
(5)monthly set aside (6) review and adjust
What are smart goals - Correct Answers ✅Specific,
measurable, attainable, relevant, timely
What percent of TAMU respondents could answer 3 basic
financial literacy questions correctly - Correct Answers
✅44%
Paying for college often involves piecing money from -
Correct Answers ✅Federal, state, institutional, and private
grants, family support, personal income savings, and various
loan products
What percent are students run out of money 3 or more times
in the past year - Correct Answers ✅36%
What percentage of students say they would have trouble
getting $500 in cash or credit to meet an unexpected need in
within the next month - Correct Answers ✅53%
What percent of student show signs of housing insecurity -
Correct Answers ✅40%
(Latest 2026)
Money can be more stressful than - Correct Answers
✅Work, Health problems affecting family, Relationships and
Personal safety
Common symptoms of stress - Correct Answers ✅Anxiety,
Fatigue, Stomach pains, Insomnia and Shingles
What percentage are Americans financially literate - Correct
Answers ✅57%
What is the path to financial well being - Correct Answers
✅Financial skills, financial behavior, financial situation
What are financial skills - Correct Answers ✅How you find,
process, and use relevant financial info
What is financial behavior - Correct Answers ✅Day to day
actions you take to secure your financial life
What is financial situation - Correct Answers ✅The
objective facts of financial life
What is financial well being - Correct Answers ✅Ability to
meet current and on going financial obligations, feel secure in
future, and be able to make choices that allow enjoyment
,FINP 235 exam 1 Answered Questions
(Latest 2026)
What are the 4 elements of well being - Correct Answers
✅Present security- control over day to day, month to month
finances. Future security- capacity to absorb a financial
shock. Present freedom of choice- financial freedom to make
choices to enjoy life. Future freedom of choice- on track to
meet your financial goals
What is the financial planning process - Correct Answers
✅(1) asses your wealth, (2) set financial goals (3) budget
income and expenses
What is wealth - Correct Answers ✅Wealth= assets-
liabilities
Which assets are tangible - Correct Answers ✅Car and
house
Which assets are intangible - Correct Answers ✅Bank
accounts and 401k
What is a balance sheet - Correct Answers ✅Snapshot,
comparing your assets and liabilities
, FINP 235 exam 1 Answered Questions
(Latest 2026)
How to set financial goals - Correct Answers ✅(1) write
down (2) rank (3) Identify top 5 (4)costs and deadline
(5)monthly set aside (6) review and adjust
What are smart goals - Correct Answers ✅Specific,
measurable, attainable, relevant, timely
What percent of TAMU respondents could answer 3 basic
financial literacy questions correctly - Correct Answers
✅44%
Paying for college often involves piecing money from -
Correct Answers ✅Federal, state, institutional, and private
grants, family support, personal income savings, and various
loan products
What percent are students run out of money 3 or more times
in the past year - Correct Answers ✅36%
What percentage of students say they would have trouble
getting $500 in cash or credit to meet an unexpected need in
within the next month - Correct Answers ✅53%
What percent of student show signs of housing insecurity -
Correct Answers ✅40%
