FINANCE STUDY GUIDE 1ST SEMESTER
QUESTIONS WITH COMPLETE
SOLUTIONS
Individuals ddwho ddwin ddlarge ddlottery ddpayouts dd- ddAnswer ddare ddmore ddlikely ddto
dddeclare ddbankruptcy ddthan ddthose ddwho dddon't.
What ddis ddfinancial ddcapability? dd- ddAnswer ddHaving ddthe ddknowledge, ddskills, ddand
ddmotivation ddto ddmake ddappropriate dddecisions ddabout ddyour ddfinances.
If ddJonah ddwasn't ddsaving ddhis ddpaycheck ddfor ddcollege, ddhe ddwould dduse ddit ddto
ddbuy dda ddused ddcar. ddWhat ddconcept dddoes ddthe ddused ddcar ddrepresent ddfor
ddJonah? dd- ddAnswer ddopportunity ddcost
Which ddof ddthe ddfollowing ddexpenses ddwould ddbe ddconsidered dda dd"need" ddinstead
ddof dda dd"want"? dd- ddAnswer ddmonthly ddelectric ddand ddnatural ddgas ddbill
Should dda ddperson ddinclude dd"wants" ddwhen ddcreating dda ddbudget? dd- ddAnswer
ddYes, dda ddbudget ddshould ddbe ddrealistic ddand ddinclude ddthings ddthat ddmake ddus
ddhappy.
Which ddwould ddbe ddan ddexample ddof dda ddfixed ddexpense? dd- ddAnswer ddpaying ddyour
ddauto ddloan ddbill
Tara dddoesn't ddget ddpaid ddat ddthe ddend ddof ddeach ddmonth ddbut ddmost ddof ddher ddbills
ddare dddue ddduring ddthe ddthird ddand ddfourth ddweeks ddof ddthe ddmonth. ddWhat ddterm
ddbest dddescribes ddher ddproblem? dd- ddAnswer ddcash ddflow
Which ddbest ddexplains ddthe ddconcept ddof ddtime ddvalue ddof ddmoney? dd- ddAnswer
ddMoney ddreceived ddnow ddis ddworth ddmore ddthan ddthe ddsame ddamount ddreceived ddin
ddthe ddfuture.
When ddit ddcomes ddto ddprivate ddparty ddtransactions, ddthe ddprinciple ddthat ddoften
ddapplies ddis ddcaveat ddemptor. ddWhat dddoes ddthat ddmean? dd- ddAnswer ddThe ddbuyer
ddmust dddo ddtheir ddown ddresearch ddand dddue dddiligence.
You ddsee ddan ddonline ddad ddfrom dda ddprivate ddseller ddfor dda ddlow ddmileage ddused
ddcar. ddIt ddis ddpriced ddat ddless ddthan ddhalf ddwhat ddit ddwould ddnormally ddsell ddfor.
, ddThe ddcar ddlooks ddgreat ddin ddthe ddpictures. ddWhat ddbest ddexplains ddthe ddlow
ddprice? dd- ddAnswer ddThe ddadvertisement ddis dda ddscam dddesigned ddto dddefraud dda
ddpotential ddbuyer.
Sales ddand ddservice ddcontracts ddmay ddbe ddseveral ddpages ddlong ddand ddcontain ddfine
ddprint. ddWhat ddshould ddyou dddo ddbefore ddsigning ddany ddtype ddof ddcontract ddor
ddagreement? dd- ddAnswer ddRead ddit ddto ddmake ddsure ddyou ddunderstand ddall ddthe
ddcosts, ddcommitment, ddand ddterms ddof ddservice.
A ddperson ddwho ddhas dda ddhigh ddcredit ddscore ddwill dd- ddAnswer ddpay ddless ddfor
ddcredit ddthan ddthose ddwith ddlower ddscores.
Which ddis ddthe ddbest ddstrategy ddto dddetermine ddif ddyou ddare ddon ddtrack ddto ddmeet
ddyour ddfinancial ddgoals? dd- ddAnswer ddRegularly ddreview ddaccount ddbalances, dddebt
ddand ddcredit ddcard ddbalances, ddand ddnet ddworth.
An ddemergency ddfund ddis ddmoney ddset ddaside ddto ddcover ddthe ddfinancial ddcost ddof
ddan ddunexpected ddevent. ddWhich ddwould ddbe ddthe ddbest dduse ddof ddyour
ddemergency ddfund? dd- ddAnswer ddPaying ddfor ddan ddexpensive ddcar ddrepair ddnot
ddcovered ddunder ddwarranty.
Which ddis ddthe ddbest ddstrategy ddto ddavoid ddlate ddfees ddand ddnegative ddimpacts ddto
ddyour ddcredit ddscore? dd- ddAnswer ddHave ddbills ddautomatically ddpaid ddfrom dda ddbank
ddaccount.
Which ddis dda ddvariable ddexpense? dd- ddAnswer ddentertainment
Why ddis ddit ddnecessary ddto ddregularly ddreview ddand ddrevise ddyour ddbudget? dd-
ddAnswer ddLife ddchanges ddwill ddrequire ddchanges ddto ddyour ddfinancial ddplan.
How ddare ddcharities dddifferent ddthan ddbusinesses? dd- ddAnswer ddThey dddo ddnot ddpay
ddtaxes ddon ddmoney ddthey ddraise.
Which ddbest dddescribes ddcharities? dd- ddAnswer ddnon-profit ddorganizations
Which ddis ddnot dda ddreason ddindividuals ddand ddbusinesses ddsupport ddcharities? dd-
ddAnswer ddThey ddcan ddreceive dda ddshare ddof ddthe ddcharity's ddprofits.
Which ddbest dddescribes ddthe ddgoal ddof ddplaying ddBudget ddChallenge? dd- ddAnswer
ddLearning ddto ddbecome dda ddmore ddfinancially ddcapable ddadult.
In ddorder ddto ddearn ddthe ddDebt ddReduction ddtrophy, ddyou ddmust dd- ddAnswer ddpay
ddan ddadditional dd$500 ddtowards ddyour ddstudent ddloan.
QUESTIONS WITH COMPLETE
SOLUTIONS
Individuals ddwho ddwin ddlarge ddlottery ddpayouts dd- ddAnswer ddare ddmore ddlikely ddto
dddeclare ddbankruptcy ddthan ddthose ddwho dddon't.
What ddis ddfinancial ddcapability? dd- ddAnswer ddHaving ddthe ddknowledge, ddskills, ddand
ddmotivation ddto ddmake ddappropriate dddecisions ddabout ddyour ddfinances.
If ddJonah ddwasn't ddsaving ddhis ddpaycheck ddfor ddcollege, ddhe ddwould dduse ddit ddto
ddbuy dda ddused ddcar. ddWhat ddconcept dddoes ddthe ddused ddcar ddrepresent ddfor
ddJonah? dd- ddAnswer ddopportunity ddcost
Which ddof ddthe ddfollowing ddexpenses ddwould ddbe ddconsidered dda dd"need" ddinstead
ddof dda dd"want"? dd- ddAnswer ddmonthly ddelectric ddand ddnatural ddgas ddbill
Should dda ddperson ddinclude dd"wants" ddwhen ddcreating dda ddbudget? dd- ddAnswer
ddYes, dda ddbudget ddshould ddbe ddrealistic ddand ddinclude ddthings ddthat ddmake ddus
ddhappy.
Which ddwould ddbe ddan ddexample ddof dda ddfixed ddexpense? dd- ddAnswer ddpaying ddyour
ddauto ddloan ddbill
Tara dddoesn't ddget ddpaid ddat ddthe ddend ddof ddeach ddmonth ddbut ddmost ddof ddher ddbills
ddare dddue ddduring ddthe ddthird ddand ddfourth ddweeks ddof ddthe ddmonth. ddWhat ddterm
ddbest dddescribes ddher ddproblem? dd- ddAnswer ddcash ddflow
Which ddbest ddexplains ddthe ddconcept ddof ddtime ddvalue ddof ddmoney? dd- ddAnswer
ddMoney ddreceived ddnow ddis ddworth ddmore ddthan ddthe ddsame ddamount ddreceived ddin
ddthe ddfuture.
When ddit ddcomes ddto ddprivate ddparty ddtransactions, ddthe ddprinciple ddthat ddoften
ddapplies ddis ddcaveat ddemptor. ddWhat dddoes ddthat ddmean? dd- ddAnswer ddThe ddbuyer
ddmust dddo ddtheir ddown ddresearch ddand dddue dddiligence.
You ddsee ddan ddonline ddad ddfrom dda ddprivate ddseller ddfor dda ddlow ddmileage ddused
ddcar. ddIt ddis ddpriced ddat ddless ddthan ddhalf ddwhat ddit ddwould ddnormally ddsell ddfor.
, ddThe ddcar ddlooks ddgreat ddin ddthe ddpictures. ddWhat ddbest ddexplains ddthe ddlow
ddprice? dd- ddAnswer ddThe ddadvertisement ddis dda ddscam dddesigned ddto dddefraud dda
ddpotential ddbuyer.
Sales ddand ddservice ddcontracts ddmay ddbe ddseveral ddpages ddlong ddand ddcontain ddfine
ddprint. ddWhat ddshould ddyou dddo ddbefore ddsigning ddany ddtype ddof ddcontract ddor
ddagreement? dd- ddAnswer ddRead ddit ddto ddmake ddsure ddyou ddunderstand ddall ddthe
ddcosts, ddcommitment, ddand ddterms ddof ddservice.
A ddperson ddwho ddhas dda ddhigh ddcredit ddscore ddwill dd- ddAnswer ddpay ddless ddfor
ddcredit ddthan ddthose ddwith ddlower ddscores.
Which ddis ddthe ddbest ddstrategy ddto dddetermine ddif ddyou ddare ddon ddtrack ddto ddmeet
ddyour ddfinancial ddgoals? dd- ddAnswer ddRegularly ddreview ddaccount ddbalances, dddebt
ddand ddcredit ddcard ddbalances, ddand ddnet ddworth.
An ddemergency ddfund ddis ddmoney ddset ddaside ddto ddcover ddthe ddfinancial ddcost ddof
ddan ddunexpected ddevent. ddWhich ddwould ddbe ddthe ddbest dduse ddof ddyour
ddemergency ddfund? dd- ddAnswer ddPaying ddfor ddan ddexpensive ddcar ddrepair ddnot
ddcovered ddunder ddwarranty.
Which ddis ddthe ddbest ddstrategy ddto ddavoid ddlate ddfees ddand ddnegative ddimpacts ddto
ddyour ddcredit ddscore? dd- ddAnswer ddHave ddbills ddautomatically ddpaid ddfrom dda ddbank
ddaccount.
Which ddis dda ddvariable ddexpense? dd- ddAnswer ddentertainment
Why ddis ddit ddnecessary ddto ddregularly ddreview ddand ddrevise ddyour ddbudget? dd-
ddAnswer ddLife ddchanges ddwill ddrequire ddchanges ddto ddyour ddfinancial ddplan.
How ddare ddcharities dddifferent ddthan ddbusinesses? dd- ddAnswer ddThey dddo ddnot ddpay
ddtaxes ddon ddmoney ddthey ddraise.
Which ddbest dddescribes ddcharities? dd- ddAnswer ddnon-profit ddorganizations
Which ddis ddnot dda ddreason ddindividuals ddand ddbusinesses ddsupport ddcharities? dd-
ddAnswer ddThey ddcan ddreceive dda ddshare ddof ddthe ddcharity's ddprofits.
Which ddbest dddescribes ddthe ddgoal ddof ddplaying ddBudget ddChallenge? dd- ddAnswer
ddLearning ddto ddbecome dda ddmore ddfinancially ddcapable ddadult.
In ddorder ddto ddearn ddthe ddDebt ddReduction ddtrophy, ddyou ddmust dd- ddAnswer ddpay
ddan ddadditional dd$500 ddtowards ddyour ddstudent ddloan.
