TEST BANK FOR: FOR INTRODUCTION TO PERSONAL FINANCE: BEGINNING YOUR FINANCIAL JOURNEY 2ND EDITION BY JOHN E. GRABLE LATEST UPDATE GRADED A+

TEST BANK FOR:
FOR INTRODUCTION TO PERSONAL FINANCE: BEGINNING YOUR FINANCIAL
JOURNEY 2ND EDITION BY JOHN E. GRABLE LATEST UPDATE
GRADED A+




1

,TEST BANK FOR
INTRODUCTION TO PERSONAL FINANCE BEGINNING YOUR FINANCIAL JOURNEY,
2ND EDITION

JOHN E. GRABLE, LANCE PALMER
CHAPTER 1-10

CHAPTER 1BEGINNING YOUR FINANCIAL JOURNEY: THE INTERIOR FINANCE POINT OF
VIEW

1) which of the following refers to one's ability to understand and use personal finance
information?
A) financial risk tolerance.
B) financial well-being.
C) financial knowledge.
D) financial ability.
answer: c
explanation: financial knowledge is the ability to understand personal finance information.
knowing who you are, where you want to go, and what skills you currently possess are essential
factors shaping your financial journey.
diff: 1
lo: 1.1, section 1.1 bloom:
k
aacsb / ima: none; none
aicpa: fc: none
min: 1

2) people who believe that what happens to them is based on fate or luck might view their financial
journey as being uncertain. this is an example of
A) financial risk tolerance.
B) financial literacy.
C) feelings of control.
D) financial
ability. answer:
c
explanation: feelings of control is the amount of control you feel you have when making
financial decisions. people who believe that what happens to them is based on luck or fate might
view their financial journey as uncertain.
diff: 1
lo: 1.1, section 1.1 bloom:
2

,c
aacsb / ima: none; none




3

, aicpa: fc: none
min: 1




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