D/S Extra Questions Question Preview (ID: 34366)


D/S Final Review. TEACHERS: click here for quick copy question ID numbers.

Shopping for bargains is part of a healthy financial plan because it makes your hard -earned money go further.
a) True
b) False
c)
d)

In certain circumstances, it is okay to stretch the truth to get a bargain.
a) False
b) True
c)
d)

You have to wait until you have a large income before you can help others.
a) False
b) True
c)
d)

One financial benefit of giving money to charity is that your contribution may be tax deductible.
a) True
b) False
c)
d)

Which of the following best explains why students should learn about personal finance?
a) Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future.
b) Personal finance skills are better learned through trial and error.
c) Personal finance skills are highly complex and require a great deal of time to learn.
d) Learning to manage money will help you achieve a profitable career.

Key components of financial planning include all of the following except:
a) Allow your financial planner to make all of your major money decisions
b) Write out a detailed plan for accomplishing your goals
c) Replace money myths with money truths
d) Regularly monitor and reassess your financial plan

Personal financial success is primarily the result of:
a) Managing your money behavior
b) Winning the lottery
c) Generous welfare and unemployment programs
d) Inheriting money from your parents

When it comes to managing money, success is about ________% knowledge and ________%behavior.
a) 20, 80
b) 80, 20
c) 50, 50
d) 60, 40

The widespread financial insecurity of Americans is primarily because:
a) The saving rate of Americans is low and many borrow in order to spend more than they earn
b) The incomes of Americans are low
c) Government programs are unavailable to help people when they are disabled or experience unemployment
d) Most Americans save a high proportion of their income

True financial security is achieved when your money begins to generate an income-your money starts working for you.
a) False
b) True
c)
d)

Since you are a teenager, what you do now with money will have little effect on your financial future.
a) False
b) True
c)
d)

Most Americans today are wealthy and will have financial security when they retire.
a) False
b) True
c)
d)

Learning the language of money is not that important because you will be able to depend on financial planners to manage your money.
a) False
b) True
c)
d)

Having debt keeps you from building wealth.
a) True
b) False
c)
d)

Which of the following should be a consideration when selecting a nonprofit to which you'd like to contribute?
a) All of these
b) How well-run the organization is
c) Your values and beliefs
d) The charity's commitment to accountability and transparency

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