BFIN Study Guide | Business Finance Fundamentals, Exam Prep & Practice
Questions 2026
college education is long term - ANS ✔✔true
SHU is above national average in annual cost - ANS ✔✔true
life time earnings of 4 year degree holder will out earn high school diploma holder in 20 years -
ANS ✔✔true
salesperson is paid a fee, usually a commission based on sale amount to help make a decision
today - ANS ✔✔true
getting a good job is harder today than for your parents in part because companies recruiting on
campuses have shifted and the process is much different. - ANS ✔✔true
Behavioral Science's Dual Process Theory originated at Princeton University in 2002 - ANS
✔✔true
The smartest financial analyst you can find on the web, even if you don't know them, make the
best financial buddy. - ANS ✔✔false
While it may not seem very romantic, being aware of what love costs may be the very thing that
helps love grow. - ANS ✔✔true
The bottom line is love affects not only your heart but also your wallet. - ANS ✔✔true
My financial buddy should be an expert in the stock market. - ANS ✔✔false
,The estimated average cost for 4 years at SHU is $200,000. - ANS ✔✔true
Earning a college bachelor degree is no guarantee that you will manage your money well. - ANS
✔✔true
Depending on the amount of college debt you may take 20 years of working to catch up to your
peer, with only a high school diploma, in life time earnings. - ANS ✔✔true
Your parents are the best choice for a financial buddy since they pay for everything anyway. -
ANS ✔✔false
In general, more education increases employment prospects and earnings. - ANS ✔✔true
federal student loans cost less and are easier to repay - ANS ✔✔true
Learning how to make smart money management decisions is about mastering your decision
making behavior not necessarily knowing more financial facts or terms. - ANS ✔✔true
the educated get the job and the educated stay employed - ANS ✔✔true
Behavioral Science's Rational Choice Theory originated at the University of Chicago in 1980. -
ANS ✔✔true
Credit Unions have less fees and the same or better rates with the equivalent federal
government insurance coverage as the commercial retail banks. - ANS ✔✔true
, Cash is considered the most liquid form of wealth because it can transform into multiple shapes.
- ANS ✔✔true
Some Americans have decided to delay any vacation due to debt levels. - ANS ✔✔true
Keeping score of your wealth is done with a balance sheet. - ANS ✔✔true
The median net worth of families headed by a person thirty-five to forty years old was 30
percent less in 2010 than it was for their counterparts in 1983. - ANS ✔✔true
The Rule of 72 is used to calculate how long a loan takes to double in size at a stated interest
rate. - ANS ✔✔true
College students remain a lucrative target market for credit card companies even after the
advent of the Credit Card Act of 2009. - ANS ✔✔true
Every year thousands of dollars in student grants and scholarships go unused because no
student applied. - ANS ✔✔true
Customers with only on credit account opened with the past 18 months are 75 points worse off
than those with more accounts, typically. - ANS ✔✔true
Bank fees are always small and should be ignored when deciding on which institution to bank
with. - ANS ✔✔false
A bank check is a valid contract. - ANS ✔✔false
Justice Ruth Bader Ginsburg the lone dissent in an 8:1 decision, criticized her peers for not
considering the Credit Repair Organizations Act in the way a consumer would. - ANS ✔✔true
Questions 2026
college education is long term - ANS ✔✔true
SHU is above national average in annual cost - ANS ✔✔true
life time earnings of 4 year degree holder will out earn high school diploma holder in 20 years -
ANS ✔✔true
salesperson is paid a fee, usually a commission based on sale amount to help make a decision
today - ANS ✔✔true
getting a good job is harder today than for your parents in part because companies recruiting on
campuses have shifted and the process is much different. - ANS ✔✔true
Behavioral Science's Dual Process Theory originated at Princeton University in 2002 - ANS
✔✔true
The smartest financial analyst you can find on the web, even if you don't know them, make the
best financial buddy. - ANS ✔✔false
While it may not seem very romantic, being aware of what love costs may be the very thing that
helps love grow. - ANS ✔✔true
The bottom line is love affects not only your heart but also your wallet. - ANS ✔✔true
My financial buddy should be an expert in the stock market. - ANS ✔✔false
,The estimated average cost for 4 years at SHU is $200,000. - ANS ✔✔true
Earning a college bachelor degree is no guarantee that you will manage your money well. - ANS
✔✔true
Depending on the amount of college debt you may take 20 years of working to catch up to your
peer, with only a high school diploma, in life time earnings. - ANS ✔✔true
Your parents are the best choice for a financial buddy since they pay for everything anyway. -
ANS ✔✔false
In general, more education increases employment prospects and earnings. - ANS ✔✔true
federal student loans cost less and are easier to repay - ANS ✔✔true
Learning how to make smart money management decisions is about mastering your decision
making behavior not necessarily knowing more financial facts or terms. - ANS ✔✔true
the educated get the job and the educated stay employed - ANS ✔✔true
Behavioral Science's Rational Choice Theory originated at the University of Chicago in 1980. -
ANS ✔✔true
Credit Unions have less fees and the same or better rates with the equivalent federal
government insurance coverage as the commercial retail banks. - ANS ✔✔true
, Cash is considered the most liquid form of wealth because it can transform into multiple shapes.
- ANS ✔✔true
Some Americans have decided to delay any vacation due to debt levels. - ANS ✔✔true
Keeping score of your wealth is done with a balance sheet. - ANS ✔✔true
The median net worth of families headed by a person thirty-five to forty years old was 30
percent less in 2010 than it was for their counterparts in 1983. - ANS ✔✔true
The Rule of 72 is used to calculate how long a loan takes to double in size at a stated interest
rate. - ANS ✔✔true
College students remain a lucrative target market for credit card companies even after the
advent of the Credit Card Act of 2009. - ANS ✔✔true
Every year thousands of dollars in student grants and scholarships go unused because no
student applied. - ANS ✔✔true
Customers with only on credit account opened with the past 18 months are 75 points worse off
than those with more accounts, typically. - ANS ✔✔true
Bank fees are always small and should be ignored when deciding on which institution to bank
with. - ANS ✔✔false
A bank check is a valid contract. - ANS ✔✔false
Justice Ruth Bader Ginsburg the lone dissent in an 8:1 decision, criticized her peers for not
considering the Credit Repair Organizations Act in the way a consumer would. - ANS ✔✔true
