Test bank for personal finance 9th edition
by arthur j keown Chapters 1-17
1
Copyright © 2023 Pearson
Education, Inc.
,TABLE OF CONTENT
PART I: FINANCIAL PLANNING
1. The Personal Financial Planning Process
2. Measuring Your Financial Health and Making a
Plan 3. Understanding and Appreciating the Time
Value of Money 4. Tax Planning and Strategies
PART II: MANAGING YOUR MONEY
5. Cash or Liquid Asset Management
6. Using Credit Cards: The Role of Open Credit
7. Student and Consumer Loans: The Role of Planned
Borrowing 8. The Home and Automobile Decision
PART III: PROTECTING YOURSELF WITH INSURANCE
9. Life and Health Insurance
10. Property and Liability
Insurance
PART IV: MANAGING YOUR INVESTMENTS
11. Investment Basics
12. Investing in Stocks
13. Investing in Bonds and Other Alternatives
14. Mutual Funds and Exchange-Traded Funds: An Easy
Way to Diversify
PART V: LIFE CYCLE ISSUES
15. Retirement Planning
16. Estate Planning: Saving Your Heirs Money and
Headaches 17. Financial Life Events: Fitting the
Pieces Together
,TEST BANK FOR
Personal Finance, 9th
edition Keown
Chapter 1-17
Personal Finance: Turning Money Into
Wealth, 9e (Keown) Chapter 1 The Financial
Planning Process
1.1 Facing Financial Challenges
1) Once a sound financial plan is in place, there should be no need to ever
change it.
Answer: FALSE
Diff: 1
Topic: The Financial Planning
Process
AACSB: Analytical Thinking
2) One purpose of financial planning is to help you legally reduce the amount
of taxes you have to pay on your earnings.
Answer: TRUE
Diff: 1
Topic: Financial Planning
AACSB: Analytical
Thinking
3) When comparing two different investment opportunities the investor
should always choose the investment that minimizes the total amount of
taxes paid.
Answer: FALSE
Diff: 2
Topic: Minimization of
Taxes
AACSB: Analytical
Thinking
4) Annual public school tuition and fees are three times more expensive than
private school tuition and fees.
Answer: FALSE
Diff: 2
Topic: Financial
Challenges
AACSB: Analytical
Thinking
, 5) Being financially secure involves balancing what
you earn with A) your investments.
B) what you spend.
C) your retirement plans.
D) your current level of debt.
Answer: B
Diff: 1
Topic: Financial Planning
AACSB: Analytical
Thinking
by arthur j keown Chapters 1-17
1
Copyright © 2023 Pearson
Education, Inc.
,TABLE OF CONTENT
PART I: FINANCIAL PLANNING
1. The Personal Financial Planning Process
2. Measuring Your Financial Health and Making a
Plan 3. Understanding and Appreciating the Time
Value of Money 4. Tax Planning and Strategies
PART II: MANAGING YOUR MONEY
5. Cash or Liquid Asset Management
6. Using Credit Cards: The Role of Open Credit
7. Student and Consumer Loans: The Role of Planned
Borrowing 8. The Home and Automobile Decision
PART III: PROTECTING YOURSELF WITH INSURANCE
9. Life and Health Insurance
10. Property and Liability
Insurance
PART IV: MANAGING YOUR INVESTMENTS
11. Investment Basics
12. Investing in Stocks
13. Investing in Bonds and Other Alternatives
14. Mutual Funds and Exchange-Traded Funds: An Easy
Way to Diversify
PART V: LIFE CYCLE ISSUES
15. Retirement Planning
16. Estate Planning: Saving Your Heirs Money and
Headaches 17. Financial Life Events: Fitting the
Pieces Together
,TEST BANK FOR
Personal Finance, 9th
edition Keown
Chapter 1-17
Personal Finance: Turning Money Into
Wealth, 9e (Keown) Chapter 1 The Financial
Planning Process
1.1 Facing Financial Challenges
1) Once a sound financial plan is in place, there should be no need to ever
change it.
Answer: FALSE
Diff: 1
Topic: The Financial Planning
Process
AACSB: Analytical Thinking
2) One purpose of financial planning is to help you legally reduce the amount
of taxes you have to pay on your earnings.
Answer: TRUE
Diff: 1
Topic: Financial Planning
AACSB: Analytical
Thinking
3) When comparing two different investment opportunities the investor
should always choose the investment that minimizes the total amount of
taxes paid.
Answer: FALSE
Diff: 2
Topic: Minimization of
Taxes
AACSB: Analytical
Thinking
4) Annual public school tuition and fees are three times more expensive than
private school tuition and fees.
Answer: FALSE
Diff: 2
Topic: Financial
Challenges
AACSB: Analytical
Thinking
, 5) Being financially secure involves balancing what
you earn with A) your investments.
B) what you spend.
C) your retirement plans.
D) your current level of debt.
Answer: B
Diff: 1
Topic: Financial Planning
AACSB: Analytical
Thinking
