Personal Finance Chapter 1
Exam Questions with Correct
Answers
negative networth - Answer- having a(n) ______________ means the amount of your
liabilities is larger than the value of your assets.
financial literacy - Answer- _______________ means having the knowledge and skills
to manage your personal finances.
consumer - Answer- as a(n) ________________, it's up to you to make choices about
what you buy and use.
interest - Answer- _________ is a fee charged for using borrowed money for purchase.
credit - Answer- american culture and businesses have convinced consumers that using
_____________ is normal.
personal finance - Answer- _______________ relates to all of the different money
decisions you make each day.
net worth - Answer- knowing your ________________ is the starting point for a financial
plan.
asset - Answer- a(n) _________________ is anything that you own that has value.
manage you - Answer- when talking about personal finances, Dave Ramsey says, "You
will either manage your money or the lack it will..."
write them down - Answer- when it comes to your money goals, in order to have clarity
and a powerful reminder to keep you on track, you need to...
80% - Answer- the percentage of americans who are living paycheck to paycheck is
almost...
behavior - Answer- personal finance is 20% head knowledge about money. what is the
other 80%?
false - Answer- being a spender has many more positives than being a saver. true or
false?
Exam Questions with Correct
Answers
negative networth - Answer- having a(n) ______________ means the amount of your
liabilities is larger than the value of your assets.
financial literacy - Answer- _______________ means having the knowledge and skills
to manage your personal finances.
consumer - Answer- as a(n) ________________, it's up to you to make choices about
what you buy and use.
interest - Answer- _________ is a fee charged for using borrowed money for purchase.
credit - Answer- american culture and businesses have convinced consumers that using
_____________ is normal.
personal finance - Answer- _______________ relates to all of the different money
decisions you make each day.
net worth - Answer- knowing your ________________ is the starting point for a financial
plan.
asset - Answer- a(n) _________________ is anything that you own that has value.
manage you - Answer- when talking about personal finances, Dave Ramsey says, "You
will either manage your money or the lack it will..."
write them down - Answer- when it comes to your money goals, in order to have clarity
and a powerful reminder to keep you on track, you need to...
80% - Answer- the percentage of americans who are living paycheck to paycheck is
almost...
behavior - Answer- personal finance is 20% head knowledge about money. what is the
other 80%?
false - Answer- being a spender has many more positives than being a saver. true or
false?
