Financial Literacy Test 1 questions &
answers graded A+
Personal Finance - correct answer ✔✔ refers to all the financial decisions an individual or family
must make in order to earn, budget, save and spend money.
6 Key Components of Financial Planning - correct answer ✔✔ 1. Asses your FINANCIAL situation
2. Set money GOALS
3. Write a detailed PLAN
4. EXECUTE your plan
5. Know your money PERSONALITY
6. Regularly MONITOR your financial plan
7. Replace your money MYTHS with money truths
When you manage money well, you will experience deeper..... - correct answer ✔✔ satisfaction
Personal Finance is 80%____________ and 20%___________ - correct answer ✔✔ Behavior;
Head Knowledge
Money_______is easy--it's controlling your behavior that's the real challenge. - correct answer
✔✔ math
what is the "normal" American family? - correct answer ✔✔ broke
What are the four main categories that teens around the country think of money? - correct
answer ✔✔ Frustration, Role Models, Pragmatic, Money isn't everything.
answers graded A+
Personal Finance - correct answer ✔✔ refers to all the financial decisions an individual or family
must make in order to earn, budget, save and spend money.
6 Key Components of Financial Planning - correct answer ✔✔ 1. Asses your FINANCIAL situation
2. Set money GOALS
3. Write a detailed PLAN
4. EXECUTE your plan
5. Know your money PERSONALITY
6. Regularly MONITOR your financial plan
7. Replace your money MYTHS with money truths
When you manage money well, you will experience deeper..... - correct answer ✔✔ satisfaction
Personal Finance is 80%____________ and 20%___________ - correct answer ✔✔ Behavior;
Head Knowledge
Money_______is easy--it's controlling your behavior that's the real challenge. - correct answer
✔✔ math
what is the "normal" American family? - correct answer ✔✔ broke
What are the four main categories that teens around the country think of money? - correct
answer ✔✔ Frustration, Role Models, Pragmatic, Money isn't everything.
