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1.01 Personal Finance

Quiz by Eric Boyd

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5 questions
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  • Q1
    Jenna wants to improve her financial well-being. Which of the following would contribute the most to her financial well-being?
    Open another checking account to help her organize her money.
    Pay her grandma back the money she borrowed to take a school trip last year.
    Talk to her friends about how to manage her money better.
    Take a personal finance class to learn how to manage her money.
    30s
  • Q2
    Carter wants to participate in an activity that will improve his well-being. Which of the following activities would contribute the most to his well-being?
    An activity that his teacher suggested to him.
    An activity that doesn’t cost much money.
    An activity that makes him lose track of time.
    An activity his friends like to participate in.
    30s
  • Q3
    Which of the following statements about our interactions with money is NOT considered to be true?
    Investment increases risk and reduces your ability to cope with risk and uncertainty.
    Your present self impacts your future self.
    You are better off in a community than by yourself.
    You are responsible for your present self and your future self.
    30s
  • Q4
    Jacob is wondering how he can improve his intellectual well-being. Which of the following would contribute the most to his intellectual well-being?
    Challenge himself by taking on a new project at work.
    Go to the gym three times per week.
    Take a vacation from work.
    Join a local service organization.
    30s
  • Q5
    Sylas is studying financial planning in one of his classes. His teacher has assigned him to create a timeline of his financial future. Where should the end of his financial planning timeline be set?
    Never – it is an ongoing process.
    When he money management plan has established high well-being.
    When his financial goals have been established.
    When he is 70-years-old.
    30s

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