Personal Financial Services Advice (PFSA) ACTUAL QUESTIONS AND CORRECT ANSWERS

Personal Financial Services Advice (PFSA)
ACTUAL QUESTIONS AND CORRECT
ANSWERS
PFSA - CORRECT ANSWERS✅✅Personal Financial Services Advice



What is being studied? - CORRECT ANSWERS✅✅Personal Finance


What are the three main variables that influence the decisions individuals make? -
CORRECT ANSWERS✅✅Beliefs, Values, Attitudes



What are beliefs? - CORRECT ANSWERS✅✅Ideas that an individual believes (thinks) are
true. Beliefs are formed by thinking and reflecting on ideas.


What are values? - CORRECT ANSWERS✅✅Refers to one's code for how they live or
what they consider important. Values are often passed down from family members and
individual's cultural background.


What are examples of values? - CORRECT ANSWERS✅✅Honesty, Integrity, Balancing
family life with career, Being hardworking.


Values stem from? - CORRECT ANSWERS✅✅Beliefs



What are attitudes? - CORRECT ANSWERS✅✅Strongly held ideas that cause us to behave
in a certain way


Attitude stems from? - CORRECT ANSWERS✅✅Beliefs and Values. When our beliefs or
values change, our attitudes are likely to change as well.


Clients have 5 attitudes about money. What are they? - CORRECT ANSWERS✅✅Viewed
as security; symbol of love; power; freedom; symbol of personal values.