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FT FT


IntroductionFTtoFTPersonalFTFinanceFTBeginningFTYourFTFinancialFTJourney,FT3rdFTEditionFTJohnFTE.FTGrabl
e,FTLanceFTPalmer

ChapterFT1-10FT




ChapterFT1 BeginningFTYourFTFinancialFTJourney:FTTheFTInteriorFTFinanceFTPointFTofFTView
1

,1) WhichFTofFTtheFTfollowingFTrefersFTtoFTone'sFTabilityFTtoFTunderstandFTandFTuseFTpersonalFT
financeFTinformation?
A) FinancialFTriskFTtolerance.
B) FinancialFTwell-being.
C) FinancialFTknowledge.
D) FinancialFTability
.FTAnswer:F T C
Explanation:F T FinancialFTknowledgeFTisFTtheFTabilityFTtoFTunderstandFTpersonalFTfinanceFTinformation.FT
KnowingFTwhoFTyouFTare,FTwhereFTyouFTwantFTtoFTgo,FTandFTwhatFTskillsFTyouFTcurrentlyFTpossessFTareFTesse
ntialFTfactorsFTshapingFTyourFTfinancialFTjourney.
Diff:FT1
LO:F T 1.1,FTSectionFT1
.1FTBloom:F T K
AACSBFT/FTIMA:F T none;FTno
neFTAICPA:F T FC:FTnone
Min:F T F T 1

2) PeopleFTwhoFTbelieveFTthatFTwhatFThappensFTtoFTthemFTisFTbasedFTonFTfateFTorFTluckFTmightFTviewFTtheirFTf
inancialFTjourneyFTasFTbeingFTuncertain.FTThisFTisFTanFTexampleFTof
A) financialFTriskFTtolerance.
B) financialFTliteracy.
C) feelingsFTofFTcontrol.
D) financialFTability
.FTAnswer:F T C
Explanation:F T FeelingsFTofFTcontrolFTisFTtheFTamountFTofFTcontrolFTyouFTfeelFTyouFThaveFTwhenFTmaki
ngFTfinancialFTdecisions.FTPeopleFTwhoFTbelieveFTthatFTwhatFThappensFTtoFTthemFTisFTbasedFTonFTluckFTor
FTfateFTmightFTviewFTtheirFTfinancialFTjourneyFTasFTuncertain.

Diff:FT1
LO:F T 1.1,FTSectionFT1
.1FTBloom:F T C
AACSBFT/FTIMA:F T none;FTno
neFTAICPA:F T FC:FTnone
Min:F T F T 1




2

,3) InternalFTfinanceFTincludesFTyour
A) financialFTknowledge.
B) financialFTriskFTtolerance.
C) feelingsFTofFTcontrol.
D) AllFTofFTtheseFTanswerFTchoicesFTareFTcorr
ect.FTAnswer:F T D
Explanation:F T InternalFTfinanceFTisFTessentiallyFTtheFTcombinationFTofFTfinancialFTknowledge,FTfinan
cialFTriskFTtolerance,FTandFTfeelingsFTofFTcontrol.
Diff:FT1
LO:F T 1.1,FTSectionFT1
.1FTBloom:F T K
AACSBFT/FTIMA:F T none;FTno
neFTAICPA:F T FC:FTnone
Min:F T F T 1

4) WhichFTofFTtheFTfollowingFTrefersFTtoFTyourFTconfidenceFTandFTpeaceFTofFTmindFTregardingFTyourFTf
inancialFTsituation?
A) FinancialFTliteracy.
B) FinancialFTwell-being.
C) FinancialFTknowledge.
D) FinancialFTability
.FTAnswer:F T B
Explanation:F T FinancialFTwell-
beingFTisFTyourFTconfidenceFTandFTpeaceFTofFTmindFTregardingFTyourFTfinancialFTsituation.FTYourFTfinanci
alFTwell-
beingFTwillFTincreaseFTasFTyouFTapplyFTyourFTfinancialFTknowledge,FTdevelopFTskills,FTandFTorganizeFTyo
urFTfinancesFTtoFTachieveFTyourFTpersonalFTgoals.
Diff:FT2
LO:F T 1.1,FTSectionFT1.
1FTBloom:F T C
AACSBFT/FTIMA:F T none;FTno
neFTAICPA:F T FC:FTnone
Min:F T F T 1

5) InFTadditionFTtoFTfinancialFTknowledge,FTwhichFTofFTtheFTfollowingFTisFTimportantFTinFTshapingFTyourFT
viewFTofFTtheFTfinancialFTworld?
A) FinancialFTriskFTtolerance,FTonly.
B) FeelingsFTofFTcontrol,FTonly.
C) FinancialFTwell-beingFTonly.
D) FinancialFTriskFTtoleranceFTandFTfeelingsFTofFTcont
rol.FTAnswer:F T D
Explanation:F T OurFTfinancialFTdecisionsFTcanFTbeFTbasedFTonFTaFTbiasedFTviewFTofFTtheFTfinancialFTworl
d,FTwhichFTisFTbasedFTonFTtheFTcombinationFTofFTourFTfinancialFTknowledge,FTfinancialFTriskFTtolerance,
FTandFTfeelingsFTofFTFTcontrol.

Diff:FT2
LO:F T 1.1,FTSectionFT1
.1FTBloom:F T C
AACSBFT/FTIMA:F T none;FTno
3

, neFTAICPA:F T FC:FTnone
Min:F T F T 1




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